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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income/(loss) $ 5,045 $ 242,934
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 170,857 180,656
Net gain on the sale of depreciable property 0 (252,531)
Tax benefit, net 4,656 25,694
Loss from unconsolidated entities 2,287 5,103
Hurricane-related (recoveries)/charges, net (2,275) 0
Other operating activities 13,056 14,174
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (2,642) 18,242
(Increase)/decrease in operating liabilities (9,283) (31,151)
Net cash provided by operating activities 172,389 151,733
Investing Activities    
Acquisition of real estate assets (net of liabilities assumed) and initial capital expenditures 0 12,788
Development of real estate assets (172,034) (105,861)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (82,338) (66,983)
Capital expenditures - non-real estate assets (4,439) (1,721)
Investment in unconsolidated joint ventures (18,165) (297,782)
Distributions received from unconsolidated joint venture 102,909 5,363
Issuance of notes receivable (2,680) (39,409)
Proceeds from sales of real estate investments, net 140,834 594,680
Net cash provided by/(used in) investing activities (35,913) 75,499
Financing Activities    
Payments on secured debt (42,556) (484,534)
Proceeds from the issuance of secured debt 0 2,570
Payments on unsecured debt (122,500) (100,000)
Proceeds from the issuance of unsecured debt 0 396,400
Net borrowings/(repayment) of revolving bank debt 152,500 (421,000)
Proceeds from the issuance of common shares through public offering, net 0 756,441
Payments for the repurchase of Series G preferred stock, net 0 (81,609)
Distributions paid to non-controlling interests (4,625) (4,500)
Distributions paid to preferred stockholders (1,862) (5,713)
Distributions paid to common stockholders (114,078) (97,399)
Other financing activities (6,435) (16,279)
Net cash provided by/(used in) financing activities (139,556) (55,623)
Net increase in cash and cash equivalents (3,080) 171,609
Cash and cash equivalents, beginning of period 12,115 12,503
Cash and cash equivalents, end of period 9,035 184,112
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 64,570 68,936
Non-cash transactions:    
Secured debt assumed in the acquisitions of properties, including asset exchange 0 34,412
Fair value adjustment of debt assumed in acquisitions of properties, including asset exchange 0 2,617
Conversion of operating partnership non-controlling interests to common stock (71,841 shares in 2013 and 5,480 shares in 2012) 1,711 146
Transfer of real estate owned to investment in and advances to unconsolidated joint ventures $ 139,950 $ 0