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Reportable Segments (Tables)
12 Months Ended
Dec. 31, 2011
Reportable Segments (Tables) [Abstracts]  
Reportable Segments Schedule
 
Year Ended December 31, 2011
 
Northeast
 
Northwest
 
Southeast
 
Southwest
 
Other (3)
 
Total
Rental income:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
$
584,405

 
$
344,615

 
$
356,936

 
$
426,472

 
$

 
$
1,712,428

Non-same store/other (2) (3)
157,907

 
42,633

 
16,487

 
45,489

 
5,493

 
268,009

Total rental income
742,312

 
387,248

 
373,423

 
471,961

 
5,493

 
1,980,437

Operating expenses:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
211,494

 
120,920

 
140,145

 
145,153

 

 
617,712

Non-same store/other (2) (3)
56,591

 
16,021

 
5,974

 
17,619

 
7,366

 
103,571

Total operating expenses
268,085

 
136,941

 
146,119

 
162,772

 
7,366

 
721,283

NOI:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
372,911

 
223,695

 
216,791

 
281,319

 

 
1,094,716

Non-same store/other (2) (3)
101,316

 
26,612

 
10,513

 
27,870

 
(1,873
)
 
164,438

Total NOI
$
474,227

 
$
250,307

 
$
227,304

 
$
309,189

 
$
(1,873
)
 
$
1,259,154

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
6,539,328

 
$
2,885,791

 
$
2,506,330

 
$
3,385,517

 
$
1,342,337

 
$
16,659,303


(1)
Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2010, less properties subsequently sold, which represented 101,312 apartment units.
(2)
Non-same store primarily includes properties acquired after January 1, 2010, plus any properties in lease-up and not stabilized as of January 1, 2010.
(3)
Other includes development, condominium conversion overhead of $0.4 million and other corporate operations.

 
Year Ended December 31, 2010
 
Northeast
 
Northwest
 
Southeast
 
Southwest
 
Other (3)
 
Total
Rental income:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
$
553,561

 
$
322,427

 
$
342,080

 
$
412,414

 
$

 
$
1,630,482

Non-same store/other (2) (3)
95,493

 
18,825

 
9,009

 
13,587

 
(3,604
)
 
133,310

Total rental income
649,054

 
341,252

 
351,089

 
426,001

 
(3,604
)
 
1,763,792

Operating expenses:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
207,131

 
119,797

 
139,550

 
147,732

 

 
614,210

Non-same store/other (2) (3)
48,119

 
8,300

 
3,729

 
7,198

 
12,230

 
79,576

Total operating expenses
255,250

 
128,097

 
143,279

 
154,930

 
12,230

 
693,786

NOI:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
346,430

 
202,630

 
202,530

 
264,682

 

 
1,016,272

Non-same store/other (2) (3)
47,374

 
10,525

 
5,280

 
6,389

 
(15,834
)
 
53,734

Total NOI
$
393,804

 
$
213,155

 
$
207,810

 
$
271,071

 
$
(15,834
)
 
$
1,070,006

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
6,158,908

 
$
2,630,850

 
$
2,495,748

 
$
3,140,153

 
$
1,758,535

 
$
16,184,194


(1)
Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2010, less properties subsequently sold, which represented 101,312 apartment units.
(2)
Non-same store primarily includes properties acquired after January 1, 2010, plus any properties in lease-up and not stabilized as of January 1, 2010.
(3)
Other includes development, condominium conversion overhead of $0.6 million and other corporate operations.
 
Year Ended December 31, 2009
 
Northeast
 
Northwest
 
Southeast
 
Southwest
 
Other (3)
 
Total
Rental income:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
$
566,518

 
$
357,502

 
$
383,239

 
$
423,076

 
$

 
$
1,730,335

Non-same store/other (2) (3)
23,195

 
2,010

 
4,268

 
16,985

 
69,364

 
115,822

Properties sold in 2011 (4)

 

 

 

 
(216,279
)
 
(216,279
)
Total rental income
589,713

 
359,512

 
387,507

 
440,061

 
(146,915
)
 
1,629,878

Operating expenses:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
211,352

 
129,696

 
158,977

 
148,483

 

 
648,508

Non-same store/other (2) (3)
12,798

 
1,851

 
1,727

 
9,418

 
68,692

 
94,486

Properties sold in 2011 (4)

 

 

 

 
(111,589
)
 
(111,589
)
Total operating expenses
224,150

 
131,547

 
160,704

 
157,901

 
(42,897
)
 
631,405

NOI:
 

 
 

 
 

 
 

 
 

 
 

Same store (1)
355,166

 
227,806

 
224,262

 
274,593

 

 
1,081,827

Non-same store/other (2) (3)
10,397

 
159

 
2,541

 
7,567

 
672

 
21,336

Properties sold in 2011 (4)

 

 

 

 
(104,690
)
 
(104,690
)
Total NOI
$
365,563

 
$
227,965

 
$
226,803

 
$
282,160

 
$
(104,018
)
 
$
998,473


(1)
Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2009, less properties subsequently sold, which represented 112,042 apartment units.
(2)
Non-same store primarily includes properties acquired after January 1, 2009, plus any properties in lease-up and not stabilized as of January 1, 2009.
(3)
Other includes development, condominium conversion overhead of $1.4 million and other corporate operations.
(4)
Reflects discontinued operations for properties sold during 2011.
Reconciliation of NOI
 
Year Ended December 31,
 
2011
 
2010
 
2009
Rental income
$
1,980,437

 
$
1,763,792

 
$
1,629,878

Property and maintenance expense
(416,723
)
 
(402,078
)
 
(369,731
)
Real estate taxes and insurance expense
(222,427
)
 
(211,621
)
 
(190,374
)
Property management expense
(82,133
)
 
(80,087
)
 
(71,300
)
Total operating expenses
(721,283
)
 
(693,786
)
 
(631,405
)
Net operating income
$
1,259,154

 
$
1,070,006

 
$
998,473