XML 35 R40.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Disclosure About Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2011
Disclosure About Fair Value of Financial Instruments [Abstract]  
Fair value measurements of assets, liabilities and noncontrolling interests
The following tables set forth the assets, noncontrolling interests in the Operating Partnership and liability that we measure at fair value by level within the fair value hierarchy. We determine the level based on the lowest level of substantive input used to determine fair value.

   
June 30,
2011
 
Level 1
 
Level 3
 
Assets:
                   
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
$
3,876
 
$
3,876
 
$
 
Tax increment financing bond (in prepaid expenses and other assets)
   
15,228
   
   
15,228
 
Total Assets
 
$
19,104
 
$
3,876
 
$
15,228
 
                     
Noncontrolling Interests in the Operating Partnership
 
$
125,075
 
$
125,075
 
$
 
                     
Liability:
                   
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
$
3,876
 
$
3,876
 
$
 


   
December 31,
2010
 
Level 1
 
Level 3
 
Assets:
                   
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
$
3,479
 
$
3,479
 
$
 
Tax increment financing bond (in prepaid expenses and other assets)
   
15,699
   
   
15,699
 
Total Assets
 
$
19,178
 
$
3,479
 
$
15,699
 
                     
Noncontrolling Interests in the Operating Partnership
 
$
120,838
 
$
120,838
 
$
 
                     
Liability:
                   
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
$
4,091
 
$
4,091
 
$
 

Fair value measurements, unobservable inputs reconciliation
The following table sets forth our Level 3 asset:

   
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
   
2011
 
2010
 
2011
 
2010
 
Asset:
                         
Tax Increment Financing Bond
                         
Beginning balance
 
$
15,564
 
$
17,090
 
$
15,699
 
$
16,871
 
Unrealized gain/(loss) (in AOCL)
   
(336
)
 
(73
)
 
(471
)
 
146
 
Ending balance
 
$
15,228
 
$
17,017
 
$
15,228
 
$
17,017
 

Fair value and carrying amounts of assets and liabilities, by balance sheet line item
The following table sets forth the carrying amounts and fair values of our financial instruments not disclosed elsewhere in this Quarterly Report on Form 10-Q:

   
Carrying
Amount
 
Fair Value
 
June 30, 2011
             
Mortgages and notes receivable
 
$
18,809
 
$
19,141
 
Mortgages and notes payable
 
$
1,615,068
 
$
1,725,186
 
Financing obligations
 
$
32,869
 
$
20,852
 
               
December 31, 2010
             
Mortgages and notes receivable                                                                                                
 
$
19,044
 
$
19,093
 
Mortgages and notes payable                                                                                                
 
$
1,522,945
 
$
1,581,518
 
Financing obligations                                                                                                
 
$
33,114
 
$
23,880