Quarterly report pursuant to Section 13 or 15(d)

Properties, net (Tables)

 v2.3.0.11
Properties, net (Tables)
 6 Months Ended
Jun. 30, 2011
Properties, net  
Schedule of components of net operating properties

 

 

 

June 30,

 

December 31,

 

 

 

2011

 

2010

 

Land

 

$

491,188

 

$

501,210

 

Buildings and improvements

 

2,777,861

 

2,804,595

 

Less: accumulated depreciation

 

(527,616

)

(503,032

)

Operating properties, net

 

$

2,741,433

 

$

2,802,773

 
Schedule of components of projects under construction or development

 

 

 

June 30,

 

December 31,

 

 

 

2011

 

2010

 

Land

 

$

248,647

 

$

256,487

 

Construction in progress, excluding land

 

407,674

 

386,195

 

Properties under construction or development

 

$

656,321

 

$

642,682

 
Schedule of properties classified as held for sale

As of June 30, 2011, we had 17 operating properties and a recently redeveloped property included in the Strategic Reallocation Plan classified as held for sale that consisted of the following (in thousands):

 

Land, operating properties

 

$

10,343

 

Land, development

 

5,599

(1)

Buildings and improvements

 

43,022

 

Construction in progress, excluding land

 

22,934

(1)

Less: accumulated depreciation

 

(6,791

)

Properties held for sale, net

 

$

75,107

 

 

 

(1)   Pertains to a property nearing completion of redevelopment.