Disclosure About Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.

			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair Value at March 31, 2014:
Assets:
Mortgages and notes receivable, at fair value (1)	$	10,037	$	—	$	370	$	9,667
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,721		3,721		—		—
Impaired investment in unconsolidated affiliate	4,668		4,668		—		—
Tax increment financing bond (in prepaid expenses and other assets)	13,568		—		—		13,568
Total Assets	$	31,994	$	8,389	$	370	$	23,235
Noncontrolling Interests in the Operating Partnership	$	112,808	$	112,808	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,101,898	$	—	$	2,101,898	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	763		—		763		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,721		3,721		—		—
Financing obligations, at fair value (1)	22,203		—		—		22,203
Total Liabilities	$	2,128,585	$	3,721	$	2,102,661	$	22,203

Fair Value at December 31, 2013:
Assets:
Mortgages and notes receivable, at fair value (1)	$	26,485	$	—	$	17,029	$	9,456
Interest rate swaps (in prepaid expenses and other assets)	301		—		301		—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,996		3,996		—		—
Tax increment financing bond (in prepaid expenses and other assets)	13,403		—		—		13,403
Total Assets	$	44,185	$	3,996	$	17,330	$	22,859
Noncontrolling Interests in the Operating Partnership	$	106,480	$	106,480	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,037,385	$	—	$	2,037,385	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	510		—		510		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,996		3,996		—		—
Financing obligations, at fair value (1)	22,478		—		—		22,478
Total Liabilities	$	2,064,369	$	3,996	$	2,037,895	$	22,478

__________

(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at March 31, 2014 and December 31, 2013.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

The following table sets forth the changes in our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Three Months Ended March 31,
	2014		2013
Asset:
Tax Increment Financing Bond:
Beginning balance	$	13,403	$	14,496
Principal repayment	—		(562		)
Unrealized gains (in AOCL)	165		390
Ending balance	$	13,568	$	14,324
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	—	$	563
Recognized gains (in general and administrative expenses)	—		(188		)
Ending balance	$	—	$	375

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable input of our Level 3 asset, which is recorded at fair value on our Consolidated Balance Sheets:

	Valuation Technique	Unobservable Input	Rate/ Percentage
Asset:
Tax increment financing bond	Income approach	Discount rate	9.7%