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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Investment in real estate    
Land $ 4,110,275 $ 3,650,324
Depreciable property 15,226,512 13,893,521
Projects under development 130,337 668,979
Land held for development 235,247 252,320
Investment in real estate 19,702,371 18,465,144
Accumulated depreciation (4,337,357) (3,877,564)
Investment in real estate, net 15,365,014 14,587,580
Cash and cash equivalents 431,408 193,288
Investments in unconsolidated entities 3,167 6,995
Deposits - restricted 180,987 352,008
Escrow deposits - mortgage 12,593 17,292
Deferred financing costs, net 42,033 46,396
Other assets 148,992 213,956
Total assets 16,184,194 15,417,515
Liabilities:    
Total Debt 4,762,896 4,783,446
Notes, net 5,185,180 4,609,124
Lines of credit 0 0
Accounts payable and accrued expenses 39,452 58,537
Accrued interest payable 98,631 101,849
Other liabilities 304,202 272,236
Security deposits 60,812 59,264
Distributions payable 140,905 100,266
Total liabilities 10,592,078 9,984,722
Commitments and contingencies    
Redeemable Noncontrolling Interests - Operating Partnership 383,540 258,280
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 December 31, 2010 and 1,950,925 shares issued and outstanding as of December 31, 2009 200,000 208,773
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 290,197,242 shares issued and outstanding as of December 31, 2010 and 279,959,048 shares issued and outstanding as of December 31, 2009 2,902 2,800
Paid in capital 4,741,521 4,477,426
Retained earnings 203,581 353,659
Accumulated other comprehensive (loss) income (57,818) 4,681
Total shareholders' equity 5,090,186 5,047,339
Noncontrolling Interests:    
Operating Partnership 110,399 116,120
Partially Owned Properties 7,991 11,054
Total Noncontrolling Interests 118,390 127,174
Total equity 5,208,576 5,174,513
Total liabilities and equity $ 16,184,194 $ 15,417,515