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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 126,560 $ 82,671
Adjustments to net income:    
Depreciation and amortization 147,280 69,093
Income from discontinued operations (43,562) (7,562)
Amortization of share-based compensation 7,498 5,550
Amortization of net premiums on mortgages payable (4,441) (168)
Other non-cash adjustments   (301)
Cash provided by discontinued operations 2,777 5,489
Change in assets and liabilities:    
Accounts receivable and other assets (2,424) 1,820
Accounts payable, accrued expenses and other liabilities (12,255) (659)
Net cash provided by operating activities 221,433 155,933
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of investment properties, net of cash received (748,374) (219,554)
Improvements to real estate, including leasing costs (3,294) (2,405)
Proceeds from sales of real estate:    
Continuing operations 8  
Discontinued operations 76,333 18,549
Loans receivable (9,584) (3,795)
Restricted escrow deposits for Section 1031 tax-deferred exchanges, pending acquisitions and other deposits (14,448) (6,449)
Net cash used in investing activities (699,359) (213,654)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (191,669) (116,552)
Cash dividends to preferred stockholders (20,965) (18,480)
Borrowings on line of credit 1,533,200 377,400
Payments on line of credit (990,200) (431,200)
Principal payment on notes payable (100,000)  
Principal payments on mortgages (2,674) (10,952)
Proceeds from term loan 70,000  
Proceeds from common stock offering, net 755,136  
Proceeds from preferred stock offerings, net   395,377
Redemption of preferred stock   (127,500)
Repayment of line of credit, previously belonging to ARCT (317,207)  
Repayment of term loan, previously belonging to ARCT (235,000)  
Distributions to noncontrolling interests (287)  
Debt issuance costs (511) (7,058)
Proceeds from dividend reinvestment and stock purchase plan, net 1,912 1,548
Other items (6,482) (2,963)
Net cash provided by financing activities 495,253 59,620
Net increase in cash and cash equivalents 17,327 1,899
Cash and cash equivalents, beginning of period 5,248 4,165
Cash and cash equivalents, end of period $ 22,575 $ 6,064