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Real Estate (Tables)
 12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Real Estate And Accumulated Depreciation

 

 

 

 

 

 

 

Years ended December 31,

 

 

2013

 

2012

Cost

 

 

 

 

Balance, beginning of year (a)

 

$      1,413,402,000

 

$      1,316,927,000

Property acquired

 
34,666,000 

 
76,185,000 

Land parcel sold

 
(1,351,000)

 

 -

Improvements and betterments

 
12,133,000 

 
20,389,000 

Write-off of fully-depreciated assets

 
(18,996,000)

 
(99,000)

Balance, end of the year

 

$      1,439,854,000

 

$      1,413,402,000

 

 

 

 

 

Accumulated depreciation

 

 

 

 

Balance, beginning of the year (a)

 

$        (229,535,000)

 

$        (189,608,000)

Depreciation expense

 
(41,066,000)

 
(40,026,000)

Write-off of fully-depreciated assets

 
18,996,000 

 
99,000 

Balance, end of the year

 

$        (251,605,000)

 

$        (229,535,000)

 

 

 

 

 

Net book value

 

$      1,188,249,000

 

$      1,183,867,000

 

 

 

 

 

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