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Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Real estate owned:    
Real estate held for investment $ 7,582,981,000 $ 7,564,780,000
Less: accumulated depreciation (2,070,403,000) (1,923,429,000)
Real estate held for investment, net 5,512,578,000 5,641,351,000
Real estate under development (net of accumulated depreciation) 432,461,000 489,795,000
Total real estate owned, net of accumulated depreciation 5,945,039,000 6,131,146,000
Cash and cash equivalents 9,035,000 12,115,000
Restricted cash 24,843,000 23,561,000
Deferred financing costs, net 27,043,000 24,990,000
Notes receivable, net 66,700,000 64,006,000
Investment in and advances to unconsolidated joint ventures, net 533,335,000 477,631,000
Other assets 137,548,000 125,654,000
Total assets 6,743,543,000 6,859,103,000
Liabilities:    
Secured debt 1,385,034,000 1,430,135,000
Unsecured debt 2,009,689,000 1,979,198,000
Real estate taxes payable 14,586,000 14,076,000
Accrued interest payable 29,598,000 30,937,000
Security deposits and prepaid rent 26,726,000 25,025,000
Distributions payable 61,906,000 57,915,000
Accounts payable, accrued expenses, and other liabilities 111,056,000 104,567,000
Total liabilities 3,638,595,000 3,641,853,000
Commitments and contingencies (Note 12)      
Redeemable non-controlling interests in operating partnership 237,653,000 223,418,000
Equity    
Common stock, $0.01 par value; 350,000,000 shares authorized 250,741,559 shares issued and outstanding (250,139,408 shares at December 31, 2012) 2,507,000 2,501,000
Additional paid-in capital 4,104,200,000 4,098,882,000
Distributions in excess of net income (1,279,095,000) (1,143,781,000)
Accumulated other comprehensive income/(loss), net (7,811,000) (11,257,000)
Total stockholders' equity 2,866,372,000 2,992,916,000
Non-controlling interest 923,000 916,000
Total equity 2,867,295,000 2,993,832,000
Total liabilities and equity 6,743,543,000 6,859,103,000
8.00% Series E Cumulative Convertible Preferred Stock
   
Equity    
Preferred stock, value $ 46,571,000 $ 46,571,000