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Disclosure About Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests

 
 
 
Level 1
 
Level 2
 
Level 3
 
December 31, 2011
 
Quoted Prices
in Active
Markets for Identical Assets or Liabilities
 
Significant Observable Inputs
 
Significant Unobservable Inputs
Assets:
 
 
 
 
 
 
 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
$
3,149

 
$
3,149

 
$

 
$

Tax increment financing bond (in prepaid expenses and other assets)
14,788

 

 

 
14,788

Impaired real estate assets and for-sale residential condominiums
12,767

 

 

 
12,767

Total Assets
$
30,704

 
$
3,149

 
$

 
$
27,555

Noncontrolling Interests in the Operating Partnership
$
110,655

 
$
110,655

 
$

 
$

Liability:
 
 
 
 
 
 
 
Interest rate swaps
$
2,202

 
$

 
$
2,202

 
$

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
3,149

 
3,149

 

 

Total Liabilities
$
5,351

 
$
3,149

 
$
2,202

 
$


 
 
 
Level 1
 
Level 3
 
December 31, 2010
 
Quoted Prices
in Active
Markets for Identical Assets or Liabilities
 
Significant Unobservable Inputs
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 the changes in our Level 3 asset:

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:

 
Carrying Amount
 
Fair Value
December 31, 2011
 
 
 
Mortgages and notes receivable
$
18,600

 
$
18,990

Mortgages and notes payable
$
1,903,213

 
$
1,992,937

Financing obligations (including Harborview financing obligation)
$
31,444

 
$
18,866

 
 
 
 
December 31, 2010
 
 
 
Mortgages and notes receivable
$
19,044

 
$
19,093

Mortgages and notes payable
$
1,522,945

 
$
1,581,518

Financing obligations (including Harborview financing obligation)
$
33,114

 
$
23,880