| Schedule Of Segment Reporting Information, By Segment |
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Construction
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Corporate
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Total
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Real Estate
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Services
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& Other (d)
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Company
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Total revenues:
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Three months ended:
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March 31, 2012
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$178,887
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$3,833
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$ 260
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$182,980
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March 31, 2011
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179,736
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3,915
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562
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184,213
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Total operating and interest expenses(a):
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Three months ended:
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March 31, 2012
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$ 65,230
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$3,890
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$41,190
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$110,310
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(e)
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March 31, 2011
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74,881
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4,122
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38,967
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117,970
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(f)
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Equity in earnings (loss) of unconsolidated
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joint ventures:
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Three months ended:
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March 31, 2012
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$ 600
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--
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--
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$ 600
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March 31, 2011
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(101)
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--
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--
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(101)
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Net operating income (b):
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Three months ended:
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March 31, 2012
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$114,257
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$ (57)
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$(40,930)
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$ 73,270
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(e)
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March 31, 2011
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104,754
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(207)
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(38,405)
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66,142
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(f)
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Total assets:
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March 31, 2012
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$4,285,146
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$6,862
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$ 7,426
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$4,299,434
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December 31, 2011
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4,272,469
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7,022
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16,268
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4,295,759
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Total long-lived assets (c):
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March 31, 2012
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$4,035,730
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--
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$ 2,178
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$4,037,908
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December 31, 2011
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4,034,651
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--
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2,272
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4,036,923
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(a)
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Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
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(b)
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Net operating income represents total revenues less total operating and interest expenses [as defined in Note (a)], plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
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(c)
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Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures.
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(d)
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Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
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(e)
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Excludes $47,822 of depreciation and amortization.
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(f)
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Excludes $47,707 of depreciation and amortization.
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