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Real Estate (Tables)
12 Months Ended
Dec. 31, 2012
Real Estate [Abstract]  
Real Estate And Accumulated Depreciation

 

 

 

 

 

 

 

Years ended December 31,

 

 

2012

 

2011

Cost

 

 

 

 

Balance, beginning of year (a)

 

$        1,363,936,000 

 

$         1,283,287,000 

Property acquired

 

76,185,000 

 

46,863,000 

Improvements and betterments

 

20,472,000 

 

33,954,000 

Write-off of fully-depreciated assets

 

(99,000)

 

(168,000)

Balance, end of the year

 

$        1,460,494,000 

 

$         1,363,936,000 

 

 

 

 

 

Accumulated depreciation

 

 

 

 

Balance, beginning of the year (a)

 

$          (196,661,000)

 

$          (156,917,000)

Depreciation expense

 

(41,189,000)

 

(39,912,000)

Write-off of fully-depreciated assets

 

99,000 

 

168,000 

Balance, end of the year

 

$          (237,751,000)

 

$          (196,661,000)

 

 

 

 

 

Net book value

 

$        1,222,743,000 

 

$         1,167,275,000 

 

 

 

 

 

(a) Restated to reflect the reclassifications of properties subsequently treated as "held for sale/conveyance".