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Derivative Instruments and Hedging Activities:
 12 Months Ended
Dec. 31, 2011
Derivative Instruments and Hedging Activities:  
Derivative Instruments and Hedging Activities:

5. Derivative Instruments and Hedging Activities:

        The Company recorded other comprehensive income related to the marking-to-market of interest rate agreements of $3,237, $22,160 and $28,028 for the years ended December 31, 2011, 2010 and 2009, respectively. The amount expected to be reclassified to interest expense in the next 12 months is immaterial.

        The following derivative was outstanding at December 31, 2011:

Property/Entity(1)
  Notional
Amount 		  Product   Rate   Maturity   Fair
Value 		 

Westside Pavilion

     175,000   Cap     5.50 % 6/5/2012     —  
(1)
See additional disclosure in Note 10—Mortgage Notes Payable.

        The Company had an interest rate swap agreement designated as a hedging instrument with a fair value of $3,237 that was included in other accrued liabilities at December 31, 2010. This instrument expired during the year ended December 31, 2011.