Exhibit 12.1

 

 

 

**RATIO OF EARNINGS TO FIXED CHARGES AND**

**RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND**

**PREFERRED UNIT DISTRIBUTIONS**

 

|                                                                                                           |   | **Three Months Ended****March 31,** |                     |
|----------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------------------------|
|                                                                                                           |   | **2007**                            |                     | **2006** |   |
| **Earnings:**                                                                                                  |   |                                |      |   |   |       |   |
| Income from continuing operations before minority interest and equity in earnings of unconsolidated affiliates |   | $                                   | 27,187                   |   | $ | 9,476 |   |
| Contractual interest expense                                                                                   |   |                                | 22,631                   |   |   | 23,810 |   |
| Amortization of deferred financing costs                                                                       |   |                                | 566                      |   |   | 744 |   |
| Financing obligations interest expense                                                                         |   |                                | 992                      |   |   | 942 |   |
| Distributions of earnings from unconsolidated affiliates                                                       |   |                                | 1,898                    |   |   | 2,232 |   |
| **Total earnings**                                                                                             |   | $                                   | 53,274                   |   | $ | 37,204 |   |
|                                                                                                           |   |                                |                     |   |   |   |   |
| **Fixed charges and Preferred Unit distributions:**                                                            |   |                                |                     |   |   |   |   |
| Contractual interest expense                                                                                   |   | $                                   | 22,631                   |   | $ | 23,810 |   |
| Amortization of deferred financing costs                                                                       |   |                                | 566                      |   |   | 744 |   |
| Financing obligations interest expense                                                                         |   |                                | 992                      |   |   | 942 |   |
| Capitalized interest                                                                                           |   |                                | 2,147                    |   |   | 601 |   |
| Interest component of rental expense                                                                           |   |                                | 361                      |   |   | 372 |   |
| **Total fixed charges**                                                                                        |   |                                | 26,697                   |   |   | 26,469 |   |
| Preferred Unit distributions                                                                                   |   |                                | 4,113                    |   |   | 4,724 |   |
| **Total fixed charges and Preferred Unit distributions**                                                       |   | $                                   | 30,810                   |   | $ | 31,193 |   |
|                                                                                                           |   |                                |                     |   |   |   |   |
| **Ratio of earnings to fixed charges**                                                                         |   |                                | 2.00                     |   |   | 1.41 |   |
|                                                                                                           |   |                                |                     |   |   |   |   |
| **Ratio of earnings to combined fixed charges and Preferred Unit distributions**                               |   |                                | 1.73                     |   |   | 1.19 |   |