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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net Income $ 55,399 $ 20,127
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,359 78,562
Amortization of deferred financing costs and debt discount 316 2,079
Impairment loss 15,074 22,550
Equity in losses (earnings) of real estate joint ventures and partnerships, net 11,620 (6,976)
Gain on acquisition 0 (4,559)
Gain on sale of property (35,422) (1,196)
Gain on sale of real estate joint venture and partnership interests (5,562) 0
Distributions of income from real estate joint ventures and partnerships, net 1,562 1,500
Changes in accrued rent and accounts receivable, net 10,064 17,541
Changes in other assets, net (15,193) (14,692)
Changes in accounts payable, accrued expenses and other liabilities, net (9,458) (16,142)
Other, net 7,686 5,687
Net cash provided by operating activities 109,445 104,481
Cash Flows from Investing Activities:    
Acquisition of real estate and land (116,960) (45,293)
Development and capital improvements (45,585) (36,799)
Proceeds from sale of property and real estate equity investments, net 419,370 43,013
Change in restricted deposits and mortgage escrows (22,010) (21,795)
Notes receivable from real estate joint ventures and partnerships and other receivables:    
Advances (4,865) (2,251)
Collections 73,563 4,375
Real estate joint ventures and partnerships:    
Investments (7,129) (12,626)
Distributions of capital 7,568 8,373
Proceeds from tax increment revenue bonds 0 16,545
Net cash provided by (used in) investing activities 303,952 (46,458)
Proceeds from issuance of:    
Debt 0 15,750
Common shares of beneficial interest, net 3,212 3,650
Principal payments of debt (384,116) (87,303)
Changes in unsecured revolving credit facilities 62,500 97,850
Common and preferred dividends paid (86,704) (82,833)
Debt issuance costs paid (1,685) (356)
Distributions to noncontrolling interests (7,333) (7,259)
Contributions from noncontrolling interests 2,123 3,717
Other, net 61 (724)
Net cash used in financing activities (411,942) (57,508)
Net increase in cash and cash equivalents 1,455 515
Cash and cash equivalents at January 1 13,642 [1] 23,859
Cash and cash equivalents at June 30 15,097 [1] 24,374
Interest paid during the period (net of amount capitalized of $1,594 and $654, respectively) 61,959 70,863
Income taxes paid during the period $ 1,548 $ 1,578
[1] Consolidated Variable Interest Entities’ Assets and Liabilities included in the above balances (See Note 17):