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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Financial Information of Business Segments
Financial information for the Company’s business segments is presented below:
 
June 30, 2016
 
December 31, 2015
Balance Sheet
 
 
 
Investment in unconsolidated real estate ventures
 
 
 
Rental operations
$
99,576

 
$
103,007

Total assets
 
 
 
Rental operations
$
6,130,870

 
$
5,674,030

Tenant reinsurance
38,749

 
37,696

Property management, acquisition and development
289,379

 
359,681

 
$
6,458,998

 
$
6,071,407


 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Statement of Operations
 
 
 
 
 
 
 
Total revenues
 
 
 
 
 
 
 
Rental operations
$
211,791

 
$
161,024

 
$
411,279

 
$
309,918

Tenant reinsurance
21,654

 
17,340

 
42,209

 
33,850

Property management, acquisition and development
10,828

 
7,496

 
20,188

 
15,246

 
244,273

 
185,860

 
473,676

 
359,014

Operating expenses, including depreciation and amortization
 
 
 
 
 
 
 
Rental operations
104,161

 
77,326

 
205,859

 
152,835

Tenant reinsurance
3,941

 
3,283

 
8,252

 
6,211

Property management, acquisition and development
25,869

 
23,644

 
55,635

 
42,925

 
133,971

 
104,253

 
269,746

 
201,971

Income (loss) from operations
 
 
 
 
 
 
 
Rental operations
107,630

 
83,698

 
205,420

 
157,083

Tenant reinsurance
17,713

 
14,057

 
33,957

 
27,639

Property management, acquisition and development
(15,041
)
 
(16,148
)
 
(35,447
)
 
(27,679
)
 
110,302

 
81,607

 
203,930

 
157,043

Gain on real estate transactions and earnout from prior acquisition
 
 
 
 
 
 
 
Property management, acquisition and development
11,358

 
400

 
9,814

 
400

Interest expense
 
 
 
 
 
 
 
Rental operations
(31,941
)
 
(22,703
)
 
(62,506
)
 
(43,860
)
Property management, acquisition and development
(861
)
 
(108
)
 
(1,655
)
 
(382
)
 
(32,802
)
 
(22,811
)
 
(64,161
)
 
(44,242
)
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes
 
 
 
 
 
 
 
Property management, acquisition and development
(1,240
)
 
(696
)
 
(2,473
)
 
(1,393
)
Interest income
 
 
 
 
 
 
 
Tenant reinsurance
3

 
4

 
6

 
8

Property management, acquisition and development
1,622

 
424

 
3,333

 
1,276

 
1,625

 
428

 
3,339

 
1,284

Interest income on note receivable from Preferred Operating Partnership unit holder
 
 
 
 
 
 
 
Property management, acquisition and development
1,212

 
1,212

 
2,425

 
2,425

Equity in earnings of unconsolidated real estate ventures
 
 
 
 
 
 
 
Rental operations
3,358

 
3,001

 
6,188

 
5,651

Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of partners' interests
 
 
 
 
 
 
 
Property management, acquisition and development
—

 
—

 
26,923

 
2,857

Income tax (expense) benefit
 
 
 
 
 
 
 
Rental operations
(445
)
 
(325
)
 
(1,290
)
 
(1,079
)
Tenant reinsurance
(3,185
)
 
(2,429
)
 
(5,848
)
 
(4,303
)
Property management, acquisition and development
(143
)
 
569

 
600

 
949

 
(3,773
)
 
(2,185
)
 
(6,538
)
 
(4,433
)
Net income (loss)
 
 
 
 
 
 
 
Rental operations
78,602

 
63,671

 
147,812

 
117,795

Tenant reinsurance
14,531

 
11,632

 
28,115

 
23,344

Property management, acquisition and development
(3,093
)
 
(14,347
)
 
3,520

 
(21,547
)
 
$
90,040

 
$
60,956

 
$
179,447

 
$
119,592


 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Depreciation and amortization expense
 
 
 
 
 
 
 
Rental operations
$
41,731

 
$
29,117

 
$
82,317

 
$
57,382

Property management, acquisition and development
2,219

 
2,435

 
4,530

 
4,598

 
$
43,950

 
$
31,552

 
$
86,847

 
$
61,980

Statement of Cash Flows
 
 
 
 
 
 
 
Acquisition of real estate assets
 
 
 
 
 
 
 
Property management, acquisition and development


 


 
$
(435,298
)
 
$
(240,892
)
Development and redevelopment of real estate assets
 
 
 
 
 
 
 
Property management, acquisition and development


 


 
$
(14,400
)
 
$
(9,926
)