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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Real estate owned:  
Real estate held for investment$ 7,988,133$ 6,398,630
Less: accumulated depreciation(1,794,150)(1,550,847)
Real estate held for investment, net6,193,9834,847,783
Real estate under development (net of accumulated depreciation of $115 and $0)192,81597,912
Real estate held for sale (net of accumulated depreciation of $9,835 and $87,479)36,366297,326
Total real estate owned, net of accumulated depreciation6,423,1645,243,021
Cash and cash equivalents13,4829,486
Marketable securities03,866
Restricted cash19,64115,447
Deferred financing costs, net23,70927,267
Notes receivable7,8007,800
Investment in unconsolidated joint ventures187,176148,057
Other assets129,93174,596
Total assets6,804,9035,529,540
Liabilities:  
Secured debt2,004,5251,840,872
Secured debt - real estate held for sale17,159122,798
Unsecured debt1,967,6611,603,834
Real estate taxes payable28,72914,585
Accrued interest payable23,92420,889
Security deposits and prepaid rent37,68526,046
Distributions payable47,48936,561
Deferred fees and gains on the sale of depreciable property29,10628,943
Accounts payable, accrued expenses, and other liabilities109,066105,925
Total liabilities4,265,3443,800,453
Redeemable non-controlling interests in operating partnership208,766119,057
Equity  
Common stock, $0.01 par value; 250,000,000 shares authorized 219,038,779 shares issued and outstanding (182,496,330 shares at December 31, 2010)2,1901,825
Additional paid-in capital3,322,5052,450,141
Distributions in excess of net income(1,111,356)(973,864)
Accumulated other comprehensive income/(loss), net(15,427)(3,469)
Total stockholders' equity2,326,0921,606,343
Non-controlling interest4,7013,687
Total equity2,330,7931,610,030
Total liabilities and equity6,804,9035,529,540
Common Stock
  
Equity  
Total equity2,1901,825
Preferred Stock
  
Equity  
Total equity128,180131,710
8.00% Series E Cumulative Convertible Preferred Stock
  
Equity  
Preferred stock, Value46,57146,571
6.75% Series G Cumulative Redeemable Preferred Stock
  
Equity  
Preferred stock, Value$ 81,609$ 85,139