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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 $ 260,482 $ 714,819
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 348,106 330,930
Amortization of deferred financing costs 7,037 8,048
Amortization of discounts and premiums on debt (3,538) 851
Amortization of deferred settlements on derivative instruments 6,935 1,624
Write-off of pursuit costs 3,565 3,038
Distributions from unconsolidated entities - return on capital 240 42
Net (gain) on sales of land parcels 0 (4,217)
Net (gain) on sales of discontinued operations (204,053) (682,236)
Loss on debt extinguishment 272 0
Unrealized (gain) loss on derivative instruments (1) 2,569
Compensation paid with Company Common Shares 16,878 12,389
Changes in assets and liabilities:    
(Increase) decrease in deposits - restricted (1,330) 1,971
(Increase) in other assets (23,017) (4,456)
Increase in accounts payable and accrued expenses 35,794 35,165
(Decrease) in accrued interest payable (5,426) (6,047)
Increase (decrease) in other liabilities 141,090 (21,980)
Increase (decrease) in security deposits 2,979 (33)
Net cash provided by operating activities 586,013 392,477
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate - acquisitions (520,775) (475,397)
Investment in real estate - development/other (78,210) (63,558)
Improvements to real estate (68,319) (64,863)
Additions to non-real estate property (4,700) (3,987)
Interest capitalized for real estate and unconsolidated entities under development (10,055) (3,683)
Proceeds from disposition of real estate, net 333,015 1,194,005
Investments in unconsolidated entities (5,420) (412)
(Increase) in deposits on real estate acquisitions and investments, net (40,539) (171,152)
Decrease in mortgage deposits 1,553 1,688
Acquisition of Noncontrolling Interests - Partially Owned Properties (87) (8,575)
Net cash (used for) provided by investing activities (393,537) 404,066
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loan and bond acquisition costs (4,283) (1,466)
Mortgage notes payable:    
Proceeds 0 135,230
Restricted cash 214 (11,663)
Lump sum payoffs (198,763) (632,477)
Scheduled principal repayments (7,575) (8,366)
Loss on debt extinguishments (272) 0
Notes, net:    
Lump sum payoffs (253,858) (93,096)
Line of Credit Facility:    
Proceeds 105,000 0
Repayments (70,000) 0
Proceeds from sale of Common Shares 152,058 154,508
Proceeds from Employee Stock Purchase Plan (ESPP) 4,523 3,501
Proceeds from exercise of options 31,281 83,534
Payment of offering costs (1,907) (2,611)
Other financing activities, net (33) (33)
Contributions - Noncontrolling Interests - Partially Owned Properties 2,935 0
Contributions - Noncontrolling Interests - Operating Partnership 5 0
Distributions:    
Common Shares (269,755) (231,995)
Preferred Shares (6,933) (6,933)
Noncontrolling Interests – Operating Partnership (12,224) (10,866)
Noncontrolling Interests – Partially Owned Properties (2,225) (454)
Net cash (used for) financing activities (531,812) (623,187)
Net (decrease) increase in cash and cash equivalents (339,336) 173,356
Cash and cash equivalents, beginning of period 383,921 431,408
Cash and cash equivalents, end of period 44,585 604,764
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 236,600 242,655
Net cash paid for income and other taxes 454 628
Real estate acquisitions/dispositions/other:    
Mortgage loans assumed 106,600 99,131
Valuation Of OP Units Issued 66,606 0
Amortization of discounts and premiums on debt:    
Mortgage notes payable (4,664) (3,816)
Notes, net 1,126 4,667
Amortization of deferred settlements on derivative instruments:    
Other liabilities (268) (267)
Accumulated other comprehensive income 7,203 1,891
Unrealized (gain) loss on derivative instruments:    
Other assets 4,663 1,975
Mortgage notes payable (2,589) (226)
Notes, net (2,074) (501)
Other liabilities 8,641 26,440
Accumulated other comprehensive income (8,642) (25,119)
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (9,676) (3,597)
Investment in unconsolidated entities (379) (86)
Other:    
Receivable For Common Shares Issued $ 28,457 $ 0