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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Consolidated net income $ 86,618 $ 31,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 97,691 87,475
Stock compensation expense 1,730 4,445
Redeemable stock issued 428 397
Amortization of debt premium (541) (270)
Loss from investments in real estate joint ventures 170 530
Gain on debt extinguishment (5) 111
Derivative interest expense 590 407
Loss on sale of non-depreciable assets 45 (6)
Gain on sale of discontinued operations (38,474) (4,927)
Net casualty loss and other settlement proceeds (19) 692
Changes in assets and liabilities:    
Restricted cash 63 (669)
Other assets (4,569) (3,276)
Accounts payable 3,572 1,262
Accrued expenses and other 10,040 12,007
Security deposits 445 (265)
Net cash provided by operating activities 158,021 129,211
Cash flows from investing activities:    
Purchases of real estate and other assets (314,909) (261,948)
Improvements to existing real estate assets (36,989) (34,508)
Construction capital and other improvements (2,561) (3,927)
Renovations to existing real estate assets (11,070) (9,586)
Development (54,242) (21,921)
Distributions from real estate joint ventures 11,880 1,158
Contributions to real estate joint ventures (204) (1,387)
Proceeds from disposition of real estate assets 97,113 10,934
Net cash used in investing activities (310,982) (321,185)
Cash flows from financing activities:    
Net change in credit lines (235,064) (95,000)
Proceeds from notes payable 271,000 285,350
Principal payments on notes payable (11,760) (102,384)
Funding of escrow for future principal payments on notes payable 0 (10,763)
Payment of deferred financing costs (3,577) (2,650)
Repurchase of common stock (1,863) (2,471)
Proceeds from issuances of common shares 173,960 170,515
Distributions to noncontrolling interests (3,775) (3,980)
Dividends paid on common shares (79,855) (68,331)
Net cash (used in) provided by financing activities 109,066 170,286
Net (decrease) increase in cash and cash equivalents (43,895) (21,688)
Cash and cash equivalents, beginning of period 57,317 45,942
Cash and cash equivalents, end of period 13,422 24,254
Supplemental disclosure of cash flow information:    
Interest paid 47,735 43,230
Supplemental disclosure of noncash investing and financing activities:    
Conversion of units to shares of common stock 2,672 3,004
Accrued construction in progress 6,392 8,864
Interest capitalized 1,844 720
Marked-to-market adjustment on derivative instruments 6,521 7,120
Reclassification of redeemable stock to liabilities 0 152
Fair value adjustment on debt assumed 2,578 0
Notes Assumed 30,290 0
Segment, Continuing Operations [Member]
   
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on debt extinguishment $ 322