Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets    
Land $ 543,247us-gaap_Land $ 543,546us-gaap_Land
Income producing property 1,932,908us-gaap_RentalProperties 1,927,407us-gaap_RentalProperties
Real estate investment property, at cost 2,476,155us-gaap_RealEstateInvestmentPropertyAtCost 2,470,953us-gaap_RealEstateInvestmentPropertyAtCost
Accumulated depreciation and amortization (649,279)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation (640,434)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Net income producing property 1,826,876us-gaap_RealEstateInvestments 1,830,519us-gaap_RealEstateInvestments
Properties under development or held for future development 65,656us-gaap_DevelopmentInProcess 76,235us-gaap_DevelopmentInProcess
Total real estate held for investment, net 1,892,532us-gaap_RealEstateInvestmentPropertyNet 1,906,754us-gaap_RealEstateInvestmentPropertyNet
Cash and cash equivalents 40,025us-gaap_CashAndCashEquivalentsAtCarryingValue 15,827us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 13,095us-gaap_RestrictedCashAndCashEquivalents 10,299us-gaap_RestrictedCashAndCashEquivalents
Rents and other receivables, net of allowance for doubtful accounts of $2,912 and $3,392, respectively 60,215us-gaap_AccountsAndNotesReceivableNet 59,745us-gaap_AccountsAndNotesReceivableNet
Prepaid expenses and other assets 117,367us-gaap_PrepaidExpenseAndOtherAssets 121,082us-gaap_PrepaidExpenseAndOtherAssets
Total assets 2,123,234us-gaap_Assets 2,113,707us-gaap_Assets
Liabilities    
Notes payable 747,335us-gaap_NotesPayable 747,208us-gaap_NotesPayable
Mortgage notes payable 419,250us-gaap_SecuredDebt 418,525us-gaap_SecuredDebt
Lines of credit 30,000us-gaap_LineOfCredit 50,000us-gaap_LineOfCredit
Accounts payable and other liabilities 65,447us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 54,318us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Advance rents 14,471us-gaap_AdvanceRent 12,528us-gaap_AdvanceRent
Tenant security deposits 8,892us-gaap_SecurityDepositLiability 8,899us-gaap_SecurityDepositLiability
Total liabilities 1,285,395us-gaap_Liabilities 1,291,478us-gaap_Liabilities
Shareholders’ equity    
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 68,126 and 67,819 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively 681us-gaap_CommonStockValue 678us-gaap_CommonStockValue
Additional paid in capital 1,191,123us-gaap_AdditionalPaidInCapital 1,184,395us-gaap_AdditionalPaidInCapital
Distributions in excess of net income (356,531)us-gaap_RetainedEarningsAccumulatedDeficit (365,518)us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders’ equity 835,273us-gaap_StockholdersEquity 819,555us-gaap_StockholdersEquity
Noncontrolling interests in subsidiaries 2,566us-gaap_MinorityInterest 2,674us-gaap_MinorityInterest
Total equity 837,839us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 822,229us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 2,123,234us-gaap_LiabilitiesAndStockholdersEquity $ 2,113,707us-gaap_LiabilitiesAndStockholdersEquity