Disclosure About Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015:
Assets:
Mortgages and notes receivable, at fair value (1)	$	14,163	$	—	$	2,206	$	11,957
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,504		3,504		—		—
Tax increment financing bond (in prepaid expenses and other assets)	12,640		—		—		12,640
Total Assets	$	30,307	$	3,504	$	2,206	$	24,597
Noncontrolling Interests in the Operating Partnership	$	133,226	$	133,226	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,173,153	$	—	$	2,173,153	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	4,480		—		4,480		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,504		3,504		—		—
Financing obligations, at fair value (1)	20,264		—		—		20,264
Total Liabilities	$	2,201,401	$	3,504	$	2,177,633	$	20,264

Fair Value at December 31, 2014:
Assets:
Mortgages and notes receivable, at fair value (1)	$	13,142	$	—	$	2,247	$	10,895
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,635		3,635		—		—
Tax increment financing bond (in prepaid expenses and other assets)	12,447		—		—		12,447
Total Assets	$	29,224	$	3,635	$	2,247	$	23,342
Noncontrolling Interests in the Operating Partnership	$	130,048	$	130,048	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,141,334	$	—	$	2,141,334	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	2,412		—		2,412		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,635		3,635		—		—
Financing obligations, at fair value (1)	20,117		—		—		20,117
Total Liabilities	$	2,167,498	$	3,635	$	2,143,746	$	20,117

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(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at March 31, 2015 and December 31, 2014.

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

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

	Three Months Ended March 31,
	2015		2014
Asset:
Tax Increment Financing Bond:
Beginning balance	$	12,447	$	13,403
Unrealized gains (in AOCL)	193		165
Ending balance	$	12,640	$	13,568

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 as of
			March 31, 2015	December 31, 2014
Asset:
Tax increment financing bond	Income approach	Discount rate	8.6%	8.4%