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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 120,129 $ 116,027
Adjustments to net income:    
Depreciation and amortization 108,282 86,606
Income from discontinued operations (6,941) (7,509)
Gain on sale of real estate   (210)
Amortization of share-based compensation 7,780 6,098
Amortization of net premiums on mortgages payable (278) (98)
Provisions for impairment on real estate held for investment   10
Other non-cash adjustments (301)  
Cash provided by discontinued operations:    
Real estate 2,139 4,758
Collection of notes receivable by Crest 67 110
Change in assets and liabilities:    
Accounts receivable and other assets 5,604 8,672
Accounts payable, accrued expenses and other liabilities (27,953) (15,217)
Net cash provided by operating activities 208,528 199,247
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of and improvements to investment properties (655,128) (766,148)
Proceeds from the sales of real estate:    
Continuing operations 23 593
Discontinued operations 34,283 11,882
Restricted escrow deposits (4,753) (2,830)
Net cash used in investing activities (625,575) (756,503)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (175,719) (161,276)
Cash dividends to preferred stockholders (28,962) (18,190)
Borrowings on lines of credit 908,000 378,100
Payments on lines of credit (536,400) (281,500)
Principal payments on mortgages (11,171) (138)
Proceeds from preferred stock offerings, net 395,377  
Redemption of preferred stock (127,500)  
Proceeds from common stock offerings, net   489,236
Proceeds from bonds issued   150,000
Debt issuance costs (7,069) (9,923)
Proceeds from dividend reinvestment and stock purchase plan 2,159 1,242
Other items (3,039) (2,359)
Net cash provided by financing activities 415,676 545,192
Net decrease in cash and cash equivalents (1,371) (12,064)
Cash and cash equivalents, beginning of period 4,165 17,607
Cash and cash equivalents, end of period $ 2,794 $ 5,543