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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Rental income $ 69,618 $ 57,317
Other property related income 7,694 5,775
Property management fee income 1,145 1,020
Total revenues 78,457 64,112
OPERATING EXPENSES    
Property operating expenses 30,821 25,943
Depreciation and amortization 29,832 25,083
General and administrative 7,613 6,444
Total operating expenses 68,266 57,470
OPERATING INCOME 10,191 6,642
Interest:    
Interest expense on loans (10,367) (9,321)
Loan procurement amortization expense (476) (771)
Acquisition related costs (115) (551)
Equity in losses of real estate ventures   (251)
Other (73) (71)
Total other expense (11,031) (10,965)
LOSS FROM CONTINUING OPERATIONS (840) (4,323)
DISCONTINUED OPERATIONS    
Income from discontinued operations 184 1,065
Gain on disposition of discontinued operations 228  
Total discontinued operations 412 1,065
NET LOSS (428) (3,258)
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interests in the Operating Partnership 35 149
Noncontrolling interest in subsidiaries 1 (734)
NET LOSS ATTRIBUTABLE TO THE COMPANY (392) (3,843)
Distribution to Preferred Shares (1,502) (1,502)
NET LOSS ATTRIBUTABLE TO THE COMPANY's COMMON SHAREHOLDERS (1,894) (5,345)
Basic and diluted loss per share from continuing operations attributable to common shareholders (in dollars per share) $ (0.02) $ (0.05)
Basic and diluted earnings per share from discontinued operations attributable to common shareholders (in dollars per share) $ 0.01 $ 0.01
Basic and diluted loss per share attributable to common shareholders (in dollars per share) $ (0.01) $ (0.04)
Weighted-average basic and diluted shares outstanding (in shares) 132,951 122,266
AMOUNTS ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS:    
Loss from continuing operations (2,299) (6,384)
Total discontinued operations 405 1,039
Net loss $ (1,894) $ (5,345)