Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Details)

v2.4.0.6
Segment Reporting (Details) (USD $)
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
segment
Dec. 31, 2011
Dec. 31, 2010
Segment Reporting Information [Line Items]                      
Number of business segments                 2    
Total revenues $ 177,030,000 $ 170,863,000 $ 176,169,000 $ 180,681,000 $ 175,512,000 $ 173,181,000 $ 177,254,000 $ 183,159,000 $ 704,743,000 $ 709,106,000 $ 773,743,000
Total operating and interest expenses                 450,338,000 [1],[2] 443,276,000 [1],[3] 519,004,000 [1],[4]
Equity in earnings (loss) of unconsolidated joint ventures (662,000) 2,418,000 1,733,000 600,000 848,000 539,000 736,000 (101,000) 4,089,000 [5] 2,022,000 [5] 2,276,000 [5]
Net operating income (loss)                 258,494,000 [2],[6] 267,852,000 [3],[6] 257,015,000 [4],[6]
Total assets 4,526,045,000 [5]       4,295,759,000 [5]       4,526,045,000 [5] 4,295,759,000 [5]  
Total long-lived assets 4,234,408,000 [5],[7]       4,036,923,000 [5],[7]       4,234,408,000 [5],[7] 4,036,923,000 [5],[7]  
Depreciation and amortization 47,349,000 47,169,000 47,320,000 47,170,000 47,603,000 47,589,000 47,438,000 47,420,000 189,008,000 190,050,000 187,592,000
Impairments 18,245,000 [8]               18,245,000    
Real Estate [Member]
                      
Segment Reporting Information [Line Items]                      
Total revenues                 686,839,000 693,947,000 712,436,000
Total operating and interest expenses                 267,439,000 [1] 273,816,000 [1] 278,126,000 [1]
Equity in earnings (loss) of unconsolidated joint ventures                 4,089,000 [5] 2,022,000 [5] 2,276,000 [5]
Net operating income (loss)                 423,489,000 [6] 422,153,000 [6] 436,586,000 [6]
Total assets 4,460,244,000 [5]       4,272,469,000 [5]       4,460,244,000 [5] 4,272,469,000 [5]  
Total long-lived assets 4,230,823,000 [5],[7]       4,034,651,000 [5],[7]       4,230,823,000 [5],[7] 4,034,651,000 [5],[7]  
Construction Services [Member]
                      
Segment Reporting Information [Line Items]                      
Total revenues                 15,825,000 13,079,000 63,702,000
Total operating and interest expenses                 16,363,000 [1] 13,874,000 [1] 63,141,000 [1]
Net operating income (loss)                 (538,000) [6] (795,000) [6] 561,000 [6]
Total assets 6,255,000 [5]       7,022,000 [5]       6,255,000 [5] 7,022,000 [5]  
Corporate & Other [Member]
                      
Segment Reporting Information [Line Items]                      
Total revenues                 2,079,000 [9] 2,080,000 [9] (2,395,000) [9]
Total operating and interest expenses                 166,536,000 [1],[10],[9] 155,586,000 [1],[9] 177,737,000 [1],[9]
Net operating income (loss)                 (164,457,000) [10],[6],[9] (153,506,000) [6],[9] (180,132,000) [6],[9]
Total assets 59,546,000 [5],[9]       16,268,000 [5],[9]       59,546,000 [5],[9] 16,268,000 [5],[9]  
Total long-lived assets 3,585,000 [5],[7],[9]       2,272,000 [5],[7],[9]       3,585,000 [5],[7],[9] 2,272,000 [5],[7],[9]  
Transaction costs $ 5,800,000               $ 5,800,000    
[1] 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.
[2] Excludes $189,008 of depreciation and amortization and $18,245 of impairments.
[3] Excludes $190,050 of depreciation and amortization.
[4] Excludes $187,592 of depreciation and amortization.(h) Included in these amounts for the year ended December 31, 2012 were transaction costs related to Roseland Transaction of $5.8 million.
[5] Included in the real estate segment for these items are the effects of the Roseland Assets acquired in 2012.
[6] 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.
[7] Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures.
[8] Amounts for the quarter ended December 31, 2012 relate to impairment charges as further described in Note 3: Property sales, held for sale and impairments.
[9] 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. Also includes the revenues and expenses attributable to the Roseland Business acquired in 2012.
[10] Included in these amounts for the year ended December 31, 2012 were transaction costs related to Roseland Transaction of $5.8 million.