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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Investment in real estate    
Land $ 6,192,512 $ 4,554,912
Depreciable property 19,226,047 15,711,944
Projects under development 988,867 387,750
Land held for development 393,522 353,823
Real Estate Investment Property, at Cost 26,800,948 21,008,429
Real Estate Investment Property, Accumulated Depreciation (4,807,709) (4,912,221)
Investment in real estate, net 21,993,239 16,096,208
Cash and cash equivalents 53,534 612,590
Investments in unconsolidated entities 178,526 17,877
Deposits - restricted 103,567 250,442
Escrow deposits - mortgage 42,636 9,129
Deferred financing costs, net 58,486 44,382
Other assets 404,557 170,372
Total assets 22,834,545 17,201,000
Liabilities:    
Mortgage notes payable 5,174,166 3,898,369
Notes, net 5,477,088 4,630,875
Lines of credit 115,000 0
Accounts payable and accrued expenses 118,791 38,372
Accrued interest payable 78,309 76,223
Other liabilities 347,748 304,518
Security deposits 71,592 66,988
Distributions payable 243,511 260,176
Total liabilities 11,626,205 9,275,521
Redeemable Noncontrolling Interests - Operating Partnership 363,144 398,372
Shareholders' equity:    
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 1,000,000 shares issued and outstanding as of December 31, 2013 and December 31, 2012 50,000 50,000
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 360,479,260 shares issued and outstanding as of December 31, 2013 and 325,054,654 shares issued and outstanding as of December 31, 2012 3,605 3,251
Paid in capital 8,561,500 6,542,355
Retained earnings 2,047,258 887,355
Accumulated other comprehensive (loss) (155,162) (193,148)
Total shareholders' equity 10,507,201 7,289,813
Noncontrolling Interests:    
Operating Partnership 211,412 159,606
Partially Owned Properties 126,583 77,688
Total Noncontrolling Interests 337,995 237,294
Total equity 10,845,196 7,527,107
Total liabilities and equity $ 22,834,545 $ 17,201,000