Disclosure About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015:
Assets:
Mortgages and notes receivable, at fair value (1)	$	5,943	$	—	$	2,167	$	3,776
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,512		3,512		—		—
Tax increment financing bond (in prepaid expenses and other assets)	12,641		—		—		12,641
Total Assets	$	22,096	$	3,512	$	2,167	$	16,417
Noncontrolling Interests in the Operating Partnership	$	116,260	$	116,260	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,178,032	$	—	$	2,178,032	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	3,366		—		3,366		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,512		3,512		—		—
Financing obligation, at fair value (1)	8,700		—		—		8,700
Total Liabilities	$	2,193,610	$	3,512	$	2,181,398	$	8,700



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 obligation, at fair value (as revised) (1)	8,623		—		—		8,623
Total Liabilities (as revised)	$	2,156,004	$	3,635	$	2,143,746	$	8,623

__________

(1) Amounts recorded at historical cost on our Consolidated Balance Sheets at June 30, 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 June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Asset:
Tax Increment Financing Bond:
Beginning balance	$	12,640	$	13,568	$	12,447	$	13,403
Unrealized gains (in AOCL)	1		105		194		270
Ending balance	$	12,641	$	13,673	$	12,641	$	13,673

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
	Valuation Technique	Unobservable Input	June 30, 2015	December 31, 2014
Asset:
Tax increment financing bond	Income approach	Discount rate	8.1%	8.4%