Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies:

Schedule of intangible assets and liabilities

	As of December 31,
	2011		2010
Assets:
Tradenames and trademarks	$	89,375	$	89,375
Below market ground leases, net of accumulated amortization of $21,198 and $19,027, respectively		27,879		30,050
	$	117,254	$	119,425
Liabilities:
Above market ground leases, net of accumulated amortization of $5,511 and $4,816, respectively	$	5,139	$	5,834

Schedule of projected future amortization expense relating to intangible assets and liabilities

	Below Market Ground Leases		Above Market Ground Leases
2012	$	2,170	$	(695	)
2013		2,170		(653	)
2014		2,170		(653	)
2015		2,170		(653	)
2016		2,170		(653	)
Thereafter		17,029		(1,832	)
	$	27,879	$	(5,139	)