Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Land $ 489,950 $ 472,196
Income producing property 1,988,331 1,934,587
Real estate investment property, at cost 2,478,281 2,406,783
Accumulated depreciation and amortization (577,882) (535,732)
Net income producing property 1,900,399 1,871,051
Held for development 45,928 43,089
Total real estate held for investment, net 1,946,327 1,914,140
Cash and cash equivalents 14,367 12,765
Restricted cash 19,853 19,424
Rents and other receivables, net of allowance for doubtful accounts of $10,416 and $8,921, respectively 57,493 53,828
Prepaid expenses and other assets 115,631 120,601
Total assets 2,153,671 2,120,758
Liabilities    
Notes payable 607,653 657,470
Mortgage notes payable 425,268 427,710
Lines of credit 221,000 99,000
Accounts payable and other liabilities 54,413 51,145
Advance rents 15,295 13,739
Tenant security deposits 9,827 8,862
Total liabilities 1,333,456 1,257,926
Shareholders' equity    
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued and outstanding 0 0
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 66,323 and 66,265 shares issued and 66,321 and 66,265 shares outstanding at June 30, 2012 and December 31, 2011, respectively 662 662
Additional paid in capital 1,142,391 1,138,478
Distributions in excess of net income (326,714) (280,096)
Total shareholders' equity 816,339 859,044
Noncontrolling interests in subsidiaries 3,876 3,788
Total equity 820,215 862,832
Total liabilities and equity $ 2,153,671 $ 2,120,758