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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Financial Information of Business Segments
Financial information for the Company’s business segments is presented below:
 
September 30, 2016
 
December 31, 2015
Balance Sheet
 
 
 
Investment in unconsolidated real estate ventures
 
 
 
Rental operations
$
85,912

 
$
103,007

Total assets
 
 
 
Rental operations
$
6,427,600

 
$
5,674,030

Tenant reinsurance
35,021

 
37,696

Property management, acquisition and development
279,435

 
359,681

 
$
6,742,056

 
$
6,071,407


 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Statement of Operations
 
 
 
 
 
 
 
Total revenues
 
 
 
 
 
 
 
Rental operations
$
224,451

 
$
170,548

 
$
635,730

 
$
480,466

Tenant reinsurance
22,727

 
18,226

 
64,936

 
52,076

Property management, acquisition and development
10,005

 
8,723

 
30,193

 
23,969

 
257,183

 
197,497

 
730,859

 
556,511

Operating expenses, including depreciation and amortization
 
 
 
 
 
 
 
Rental operations
106,531

 
77,436

 
312,390

 
230,271

Tenant reinsurance
4,093

 
3,608

 
12,345

 
9,819

Property management, acquisition and development
23,835

 
19,149

 
79,470

 
62,074

 
134,459

 
100,193

 
404,205

 
302,164

Income (loss) from operations
 
 
 
 
 
 
 
Rental operations
117,920

 
93,112

 
323,340

 
250,195

Tenant reinsurance
18,634

 
14,618

 
52,591

 
42,257

Property management, acquisition and development
(13,830
)
 
(10,426
)
 
(49,277
)
 
(38,105
)
 
122,724

 
97,304

 
326,654

 
254,347

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

 
1,101

 
9,814

 
1,501

Interest expense
 
 
 
 
 
 
 
Rental operations
(32,619
)
 
(20,034
)
 
(95,125
)
 
(63,894
)
Property management, acquisition and development
(875
)
 
(777
)
 
(2,530
)
 
(1,159
)
 
(33,494
)
 
(20,811
)
 
(97,655
)
 
(65,053
)
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes
 
 
 
 
 
 
 
Property management, acquisition and development
(1,243
)
 
(805
)
 
(3,716
)
 
(2,198
)
Interest income
 
 
 
 
 
 
 
Tenant reinsurance
4

 
3

 
10

 
11

Property management, acquisition and development
1,354

 
353

 
4,687

 
1,629

 
1,358

 
356

 
4,697

 
1,640

Interest income on note receivable from Preferred Operating Partnership unit holder
 
 
 
 
 
 
 
Property management, acquisition and development
1,213

 
1,213

 
3,638

 
3,638

Equity in earnings of unconsolidated real estate ventures
 
 
 
 
 
 
 
Rental operations
3,625

 
3,403

 
9,813

 
9,054

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
37,509

 
—

 
64,432

 
2,857

Income tax (expense) benefit
 
 
 
 
 
 
 
Rental operations
(550
)
 
(325
)
 
(1,840
)
 
(1,404
)
Tenant reinsurance
(3,504
)
 
(2,624
)
 
(9,352
)
 
(6,927
)
Property management, acquisition and development
(412
)
 
(612
)
 
188

 
337

 
(4,466
)
 
(3,561
)
 
(11,004
)
 
(7,994
)
Net income (loss)
 
 
 
 
 
 
 
Rental operations
88,376

 
76,156

 
236,188

 
193,951

Tenant reinsurance
15,134

 
11,997

 
43,249

 
35,341

Property management, acquisition and development
23,716

 
(9,953
)
 
27,236

 
(31,500
)
 
$
127,226

 
$
78,200

 
$
306,673

 
$
197,792


 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Depreciation and amortization expense
 
 
 
 
 
 
 
Rental operations
$
44,189

 
$
28,558

 
$
126,506

 
$
85,940

Property management, acquisition and development
2,366

 
2,153

 
6,896

 
6,751

 
$
46,555

 
$
30,711

 
$
133,402

 
$
92,691

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


 


 
$
(763,246
)
 
$
(263,404
)
Development and redevelopment of real estate assets
 
 
 
 
 
 
 
Property management, acquisition and development


 


 
$
(18,492
)
 
$
(15,137
)