Disclosure About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014:
Assets:
Mortgages and notes receivable, at fair value (1)	$	10,144	$	—	$	239	$	9,905
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,869		3,869		—		—
Impaired real estate assets	4,922		—		—		4,922
Tax increment financing bond (in prepaid expenses and other assets)	13,673		—		—		13,673
Total Assets	$	32,608	$	3,869	$	239	$	28,500
Noncontrolling Interests in the Operating Partnership	$	123,205	$	123,205	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,152,505	$	—	$	2,152,505	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	2,744		—		2,744		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,869		3,869		—		—
Financing obligations, at fair value (1)	22,466		—		—		22,466
Total Liabilities	$	2,181,584	$	3,869	$	2,155,249	$	22,466

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 June 30, 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 June 30,					Six Months Ended June 30,
	2014		2013			2014		2013
Asset:
Tax Increment Financing Bond:
Beginning balance	$	13,568	$	14,324		$	13,403	$	14,496
Principal repayment	—		—			—		(562		)
Unrealized gains/(losses) (in AOCL)	105		(91		)	270		299
Ending balance	$	13,673	$	14,233		$	13,673	$	14,233
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	—	$	375		$	—	$	563
Unrecognized (gains)/losses (in general and administrative expenses)	—		9			—		(179		)
Ending balance	$	—	$	384		$	—	$	384

Fair Value Measurements, Valuation Techniques [Table Text Block]

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

	Valuation Technique	Unobservable Input	Rate
Assets:
Tax increment financing bond	Income approach	Discount rate	9.0%
Impaired real estate assets	Income approach	Capitalization rate	9.5%
		Discount rate	10.0%