Exhibit 12.1




Ratio
      of Earnings to Fixed ChargesFor
      Period Ended December 31,2008(in
      thousands, except ratio computation)Year
      Ended December 31,2008
                                            
                                            
                                            2007
                                            
                                            
                                            2006
                                            
                                            
                                            2005
                                            
                                            
                                            2004Income
      From Continuing Operations
                                            
                                            $
                                            35,433
                                            
                                            
                                            $
                                            50,063
                                            
                                            
                                            $
                                            50,444
                                            
                                            
                                            $
                                            48,297
                                            
                                            
                                            $
                                            27,151AdjustmentsMinority
      interest
                                            
                                            
                                            112
                                            
                                            
                                            
                                            112
                                            
                                            
                                            
                                            206
                                            
                                            
                                            
                                            188
                                            
                                            
                                            
                                            689Equity
      in income in unconsolidated joint ventures
                                            
                                            
                                            (108
                                            )
                                            
                                            
                                            -
                                            
                                            
                                            
                                            (1,853
                                            )
                                            
                                            
                                            -
                                            
                                            
                                            
                                            -Fixed
      Charges
                                            
                                            
                                            67,315
                                            
                                            
                                            
                                            73,494
                                            
                                            
                                            
                                            64,267
                                            
                                            
                                            
                                            56,852
                                            
                                            
                                            
                                            50,126Distributed
      income of equity investees
                                            
                                            
                                            -
                                            
                                            
                                            
                                            -
                                            
                                            
                                            
                                            3,308
                                            
                                            
                                            
                                            (12
                                            )
                                            
                                            
                                            3,119Capitalized
      interest
                                            
                                            
                                            (2,933
                                            )
                                            
                                            
                                            (3,194
                                            )
                                            
                                            
                                            (5,820
                                            )
                                            
                                            
                                            (3,354
                                            )
                                            
                                            
                                            (3,204
                                            )Earnings
      as Defined
                                            
                                            $
                                            99,819
                                            
                                            
                                            $
                                            120,475
                                            
                                            
                                            $
                                            110,552
                                            
                                            
                                            $
                                            101,971
                                            
                                            
                                            $
                                            77,881Fixed
      ChargesInterest
      expense
                                            
                                            $
                                            60,851
                                            
                                            
                                            $
                                            66,520
                                            
                                            
                                            $
                                            53,732
                                            
                                            
                                            $
                                            47,050
                                            
                                            
                                            $
                                            40,722Capitalized
      interest
                                            
                                            
                                            2,933
                                            
                                            
                                            
                                            3,194
                                            
                                            
                                            
                                            5,820
                                            
                                            
                                            
                                            3,354
                                            
                                            
                                            
                                            3,204Amortization
      of debt premiums / discounts
                                            
                                            
                                            1,902
                                            
                                            
                                            
                                            2,102
                                            
                                            
                                            
                                            3,231
                                            
                                            
                                            
                                            4,999
                                            
                                            
                                            
                                            4,871Amortization
      of loan fees
                                            
                                            
                                            1,629
                                            
                                            
                                            
                                            1,678
                                            
                                            
                                            
                                            1,484
                                            
                                            
                                            
                                            1,449
                                            
                                            
                                            
                                            1,329Fixed
      Charges
                                            
                                            $
                                            67,315
                                            
                                            
                                            $
                                            73,494
                                            
                                            
                                            $
                                            64,267
                                            
                                            
                                            $
                                            56,852
                                            
                                            
                                            $
                                            50,126Ratio
      of earning to Fixed Charges
                                            
                                            
                                            1.48
                                            
                                            
                                            
                                            1.64
                                            
                                            
                                            
                                            1.72
                                            
                                            
                                            
                                            1.79
                                            
                                            
                                            
                                            1.55