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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investment in real estate    
Land $ 4,565,646 $ 4,367,816
Depreciable property 15,886,832 15,554,740
Projects under development 198,912 160,190
Land held for development 372,108 325,200
Investment in real estate 21,023,498 20,407,946
Accumulated depreciation (4,777,887) (4,539,583)
Investment in real estate, net 16,245,611 15,868,363
Cash and cash equivalents 44,585 383,921
Investments in unconsolidated entities 17,886 12,327
Deposits - restricted 193,892 152,237
Escrow deposits - mortgage 9,139 10,692
Deferred financing costs, net 41,854 44,608
Other assets 161,445 187,155
Total assets 16,714,412 16,659,303
Liabilities:    
Mortgage notes payable 4,004,496 4,111,487
Notes, net 5,354,768 5,609,574
Lines of credit 35,000 0
Accounts payable and accrued expenses 72,647 35,206
Accrued interest payable 82,695 88,121
Other liabilities 430,650 291,289
Security deposits 68,265 65,286
Distributions payable 109,463 179,079
Total liabilities 10,157,984 10,380,042
Commitments and contingencies      
Redeemable Noncontrolling Interests - Operating Partnership 452,203 416,404
Shareholders' equity:    
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of June 30, 2012 and December 31, 2011 200,000 200,000
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 300,961,645 shares issued and outstanding as of June 30, 2012 and 297,508,185 shares issued and outstanding as of December 31, 2011 3,010 2,975
Paid in capital 5,226,088 5,047,186
Retained earnings 654,235 615,572
Accumulated other comprehensive (loss) (198,075) (196,718)
Total shareholders' equity 5,885,258 5,669,015
Noncontrolling Interests:    
Operating Partnership 144,521 119,536
Partially Owned Properties 74,446 74,306
Total Noncontrolling Interests 218,967 193,842
Total equity 6,104,225 5,862,857
Total liabilities and equity $ 16,714,412 $ 16,659,303