SHARE INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of option activity under all option arrangements as of December 31, 2010 and 2011, and changes during the years then ended is presented below:



Options	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (dollars in thousands)
Outstanding and exercisable at December 31, 2009	159,283		$	18.04	5.5	$	—
Granted	—		—		—	—
Exercised	(7,000	)	14.46		—	26
Forfeited or Expired	—		—		—	—
Outstanding and exercisable at December 31, 2010	152,283		18.20		4.5	6
Granted	—		—		—	—
Exercised	(2,000	)	8.21		—	—
Forfeited or Expired	—		—		—	—
Outstanding and exercisable at December 31, 2011	150,283		$	18.33	3.5	$	272

Schedule of Unvested Restricted Shares and LTIP Units [Table Text Block]

A summary of the status of the Company’s unvested Restricted Shares and LTIP Units as of December 31, 2010 and 2011 and changes during the years ended December 31, 2010 and 2011, is presented below:



Unvested Shares and LTIP Units	Restricted Shares		Weighted Grant-Date Fair Value		LTIP Units		Weighted Grant-Date Fair Value
Unvested at December 31, 2009	272,512		$	20.76	362,833		$	16.35
Granted	24,473		17.32		266,928		16.73
Vested	(143,042	)	21.26		(67,022	)	15.69
Forfeited	(513	)	13.74		—		—
Unvested at December 31, 2010	153,430		19.75		562,739		16.61
Granted	32,970		19.13		431,412		19.08
Vested	(104,196	)	20.95		(153,895	)	16.78
Forfeited	(6,465	)	14.73		(1,358	)	16.86
Unvested at December 31, 2011	75,739		$	18.25	838,898		$	17.85