Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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.

	September 30, 2011		Level 1		Level 3
Assets:
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	$	2,919	$	2,919	$	-
Tax increment financing bond (in prepaid expenses and other assets)		15,828		-		15,828
Impaired real estate assets		7,772		-		7,772
Total Assets	$	26,519	$	2,919	$	23,600
Noncontrolling Interests in the Operating Partnership	$	105,995	$	105,995	$	-
Liability:
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	$	2,919	$	2,919	$	-

	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 September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Asset:
Tax Increment Financing Bond
Beginning balance	$	15,228	$	17,017	$	15,699	$	16,871
Unrealized gain (in AOCL)		600		325		129		471
Ending balance	$	15,828	$	17,342	$	15,828	$	17,342

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
September 30, 2011
Mortgages and notes receivable	$	18,706	$	19,094
Mortgages and notes payable	$	1,893,981	$	1,987,983
Financing obligations	$	32,775	$	21,252
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