Annual report pursuant to Section 13 and 15(d)

Condensed Quarterly Financial Information (Details)

v3.3.1.900
Condensed Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Condensed Quarterly Financial Information [Abstract]                      
Total revenues $ 146,443 $ 146,158 $ 148,567 $ 153,715 $ 151,414 $ 155,489 $ 160,300 $ 169,596 $ 594,883 $ 636,799 $ 667,031
Operating and other expenses 60,846 56,850 60,653 68,255 64,177 64,374 65,788 81,854      
Real estate service salaries 6,063 6,673 6,208 6,639 5,923 6,933 6,571 6,709      
General and administrative 12,589 13,670 11,877 11,011 23,775 12,665 11,730 22,881 49,147 71,051 47,040
Acquisition-related costs 1,449   111   175   1,943   1,560 2,118 642
Depreciation and amortization 43,136 44,099 42,365 40,802 40,811 41,983 44,711 44,985 170,402 172,490 182,766
Impairments 33,743 [1] 164,176 [1]             197,919   110,853
Total expenses 157,826 285,468 121,214 126,707 134,861 125,955 130,743 156,429 691,215 547,988 633,436
Operating income (loss) (11,383) (139,310) 27,353 27,008 16,553 29,534 29,557 13,167 (96,332) 88,811 33,595
Interest expense (24,374) (24,689) (26,773) (27,215) (27,420) (27,353) (28,159) (29,946) (103,051) (112,878) (123,701)
Interest and other investment income 231 5 291 267 1,399 908 922 386      
Equity in earnings (loss) of unconsolidated joint ventures (449) 3,135 (2,329) (3,529) (363) (1,268) 443 (1,235) (3,172) (2,423) (2,327)
Realized gains (losses) on disposition of rental property, net   18,718 34,399 144   264 54,584   53,261 54,848  
Gain on sale of investment in unconsolidated joint ventures     6,448           6,448    
Loss from early extinguishment of debt         (582)         (582) (156)
Total other (expense) income (24,592) (2,831) 12,036 (30,333) (26,966) (27,449) 27,790 (30,795) (45,720) (57,420) (123,281)
Income (loss) from continuing operations                 (142,052) 31,391 (89,686)
Net income (loss) (35,975) (142,141) 39,389 (3,325) (10,413) 2,085 57,347 (17,628) (142,052) 31,391 (19,058)
Noncontrolling interest in consolidated joint ventures         21 145 290 322 (3,128) (552) (1,040)
Noncontrolling interest in Operating Partnership 3,795 15,530 (4,383) 314 1,152 (248) (6,514) 2,008 15,256 (3,602) 10,459
Net income (loss) available to common shareholders $ (31,718) $ (126,892) $ 35,379 $ (2,521) $ (9,240) $ 1,982 $ 51,123 $ (15,298) $ (125,752) $ 28,567 $ (14,909)
Basic earnings per common share:                      
Net income (loss) available to common shareholders $ (0.35) $ (1.42) $ 0.40 $ (0.03) $ (0.10) $ 0.02 $ 0.58 $ (0.17) $ (1.41) $ 0.32 $ (0.17)
Diluted earnings per common share:                      
Net income (loss) available to common shareholders (0.35) (1.42) 0.40 (0.03) (0.10) 0.02 0.58 (0.17) (1.41) 0.32 (0.17)
Dividends declared per common share $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.30 $ 0.60 $ 0.75 $ 1.35
[1] Amounts for the year ended December 31, 2015 relate to impairment charges as further described in Note 3: Recent Transactions - Impairments on Properties Held and Used.