EXHIBIT 12.1



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED OP UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                            |  |                    |     |   |                   |   |      |  
|--------------------------------------------------------------------------- |  | ------------------ | --- | - | ----------------- | - | ---- | -
|                                                                            |  | Year-to-date ended |    
|                                                                            |  | September 9,2005   |     |   | September 10,2004 |  
|Income (loss) from continuing operations before income taxes                |  | $                  | 107 |   |                   | $ | (96  | )
|Add (deduct):                                                               |  |                    |     |   |                   |   |      |  
|Fixed charges                                                               |  |                    | 378 |   |                   |   | 423  |  
|Capitalized interest                                                        |  |                    | (3  | ) |                   |   | (2   | )
|Amortization of capitalized interest                                        |  |                    | 4   |   |                   |   | 4    |  
|Minority interest in consolidated affiliates                                |  |                    | 6   |   |                   |   | 3    |  
|Net losses related to certain 50% or less owned affiliates                  |  |                    | 1   |   |                   |   | 12   |  
|Distributions from equity investments                                       |  |                    | 2   |   |                   |   | 2    |  
|Distributions on preferred OP units                                         |  |                    | (21 | ) |                   |   | (28  | )
|Issuance costs of redeemed Class B preferred OP units                       |  |                    | (4  | ) |                   |   | (4   | )
|                                                                            |  |                    |     |   |                   |   |      |  
|Adjusted earnings                                                           |  | $                  | 470 |   |                   | $ | 314  |  
|                                                                            |  |                    |     |   |                   |   |      |  
|Fixed charges:                                                              |  |                    |     |   |                   |   |      |  
|Interest on indebtedness and amortization of deferred financing costs       |  | $                  | 318 |   |                   | $ | 356  |  
|Capitalized interest                                                        |  |                    | 3   |   |                   |   | 2    |  
|Distributions on preferred OP units                                         |  |                    | 21  |   |                   |   | 28   |  
|Portion of rents representative of the interest factor                      |  |                    | 32  |   |                   |   | 33   |  
|Issuance costs of redeemed Class B preferred OP units                       |  |                    | 4   |   |                   |   | 4    |  
|                                                                            |  |                    |     |   |                   |   |      |  
|Total fixed charges and preferred OP unit distributions                     |  | $                  | 378 |   |                   | $ | 423  |  
|                                                                            |  |                    |     |   |                   |   |      |  
|Ratio of earning to fixed charges and preferred OP unit distributions       |  |                    | 1.2 |   |                   |   |     |  
|Deficiency of earnings to fixed charges and preferred OP unit distributions |  | $                  |    |   |                   | $ | (109 | )