Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Land $ 475,458 $ 432,149 [1]
Income producing property 2,022,986 1,938,629 [1]
Real estate investment property, at cost 2,498,444 2,370,778 [1]
Accumulated depreciation and amortization (576,605) (534,570) [1]
Net income producing property 1,921,839 1,836,208 [1]
Development in progress 39,413 26,240 [1]
Total real estate held for investment, net 1,961,252 1,862,448 [1]
Investment in real estate sold or held for sale, net   41,892 [1]
Cash and cash equivalents 42,886 78,767 [1]
Restricted cash 23,550 21,552 [1]
Rents and other receivables, net of allowance for doubtful accounts of $8,633 and $8,394, respectively 56,461 49,227 [1]
Prepaid expenses and other assets 103,027 96,466 [1]
Other assets related to properties sold or held for sale   17,529 [1]
Total assets 2,187,176 2,167,881 [1]
Liabilities    
Notes payable 659,934 753,587 [1]
Mortgage notes payable 378,469 380,171 [1]
Lines of credit 245,000 100,000 [1]
Accounts payable and other liabilities 57,445 51,036 [1]
Advance rents 13,619 12,589 [1]
Tenant security deposits 9,988 9,418 [1]
Other liabilities related to properties sold or held for sale   222 [1]
Total liabilities 1,364,455 1,307,023 [1]
Shareholders' equity    
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 66,017 and 65,870 shares issued and outstanding, respectively 661 659 [1]
Additional paid in capital 1,133,823 1,127,825 [1]
Distributions in excess of net income (316,134) (269,935) [1]
Accumulated other comprehensive income (loss) (636) (1,469) [1]
Total shareholders' equity 817,714 857,080 [1]
Noncontrolling interests in subsidiaries 5,007 3,778 [1]
Total equity 822,721 860,858 [1]
Total liabilities and shareholders' equity $ 2,187,176 $ 2,167,881 [1]
[1] As adjusted (see note 3 to the consolidated financial statements)