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|                                                                     |                                                                                                                           |                                      |    |         |   |    |          |   |    |         |   |    |          |   |    |         |   |
|--------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------|---------|--------------|--------|---------|---------------|--------|---------|--------------|--------|---------|---------------|--------|---------|--------------|--------|
|                                                                     |                                                                                                                           | For      the Year Ended December 31, |    |
|                                                                     |                                                                                                                           | 2009                                      |    | 2008         |   | 2007    |          | 2006   |    | 2005         |   |
| EARNINGS:                                                                |                                                                                                                           |                                      |    |         |   |    |          |   |    |         |   |    |          |   |    |         |
| ADD:                                                                     |                                                                                                                           |                                      |    |         |   |    |          |   |    |         |   |    |          |   |    |         |
|                                                                     | Income      from continuing operations before minority interest and equity in earnings      from unconsolidated joint ventures |                                      | $       |  69,288 |   | $       |  104,631 |   | $       |  94,530 |   | $       |  110,138 |   | $       |  92,051 |   |
|                                                                     | Fixed      charges (see calculation below)                                                                                     |                                      |    | 142,919      |   |    | 134,178       |   |    | 132,609      |   |    | 142,648       |   |    | 125,057      |   |
|                                                                     | Distributed      income of unconsolidated joint ventures                                                                       |                                      |    | 2,637        |   |    | 5,784         |   |    | 1,875        |   |    | 2,302         |   |    | —      |   |
| SUBTRACT:                                                                |                                                                                                                           |                                      |    |         |   |    |          |   |    |         |   |    |          |   |    |         |
|                                                                     | Capitalized      interest                                                                                                      |                                      |    | (1,401       | )      |    | (5,799        | )      |    | (5,101       | )      |    | (6,058        | )      |    | (5,518       | )      |
| TOTAL      EARNINGS:                                                     |                                                                                                                           | $                                         | 213,443 |         | $      | 238,794 |          | $      | 223,913 |         | $      | 249,030 |          | $      | 211,590 |         |
| FIXED      CHARGES:                                                      |                                                                                                                           |                                      |    |         |   |    |          |   |    |         |   |    |          |   |    |         |
| Interest      expense (includes amortization of deferred financingcosts) |                                                                                                                           | $                                         | 141,273 |         | $      | 128,145 |          | $      | 127,287 |         | $      | 136,357 |          | $      | 119,337 |         |
| Capitalized      interest                                                |                                                                                                                           |                                      | 1,401   |         |   | 5,799   |          |   | 5,101   |         |   | 6,058   |          |   | 5,518   |         |
| Interest      portion (33 percent) of ground rents on land leases   |                                                                                                                           |                                      | 245     |         |   | 234     |          |   | 221     |         |   | 233     |          |   | 202     |         |
| TOTAL      FIXED CHARGES:                                                |                                                                                                                           | $                                         | 142,919 |         | $      | 134,178 |          | $      | 132,609 |         | $      | 142,648 |          | $      | 125,057 |         |
| RATIO      OF EARNINGS TO FIXED CHARGES:                                 |                                                                                                                           |                                      | 1.5     |         |   | 1.8     |          |   | 1.7     |         |   | 1.7     |          |   | 1.7     |         |

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