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Investments in Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2011
Investments in Joint Ventures [Abstract] |
Condensed Combined Balance Sheets |
|  | December 31, 2011 |  |  | December 31, 2010 |
Condensed Combined Balance Sheets |  |  |  |  |  |  |  |
Gross Real Estate Investment |  | $ | 155,555 |  |  | $ | 210,567 |
Less: Accumulated Depreciation |  |  | (41,342 | ) |  |  | (47,286 | )
Net Real Estate |  |  | 114,213 |  |  |  | 163,281 |
Other Assets |  |  | 23,364 |  |  |  | 33,351 |
Total Assets |  | $ | 137,577 |  |  | $ | 196,632 |
Debt |  | $ | 112,261 |  |  | $ | 157,431 |
Other Liabilities |  |  | 5,779 |  |  |  | 10,849 |
Equity |  |  | 19,537 |  |  |  | 28,352 |
Total Liabilities and Equity |  | $ | 137,577 |  |  | $ | 196,632 |
Company’s share of Equity |  | $ | 3,029 |  |  | $ | 4,344 |
Basis Differentials(1) |  |  | (1,564 | ) |  |  | (2,089 | )
Carrying Value of the Company’s investments in Joint Ventures |  | $ | 1,465 |  |  | $ | 2,255 |
Condensed Combined Statements of Operations |
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 16,799 |  |  | $ | 55,894 |  |  | $ | 85,426 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Operating and Other |  |  | 3,114 |  |  |  | 23,862 |  |  |  | 41,359 |
Interest |  |  | 7,791 |  |  |  | 28,622 |  |  |  | 39,749 |
Depreciation and Amortization |  |  | 7,312 |  |  |  | 27,202 |  |  |  | 47,487 |
Impairment of Real Estate |  |  | — |  |  |  | 3,268 |  |  |  | 150,804 |
Total Expenses |  |  | 18,217 |  |  |  | 82,954 |  |  |  | 279,399 |
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,137, $2,761 and $1,177 for the years ended December 31, 2011, 2010 and 2009, respectively) |  |  | 2,674 |  |  |  | 1,942 |  |  |  | 1,799 |
Gain on Sale of Real Estate |  |  | — |  |  |  | 808 |  |  |  | 8,603 |
Net Income (Loss) |  | $ | 1,256 |  |  | $ | (24,310 | ) |  | $ | (183,571 | )
Company’s Share of Net Income (Loss) |  | $ | 980 |  |  | $ | 675 |  |  | $ | (1,276 | )
Impairment on the Company’s Investments in Joint Ventures |  |  | — |  |  |  | — |  |  |  | (5,194 | )
Equity in Income (Loss) of Joint Ventures |  | $ | 980 |  |  | $ | 675 |  |  | $ | (6,470 | )

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