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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Fair value adjustment on debt assumed $ 704 $ 2,578
Cash flows from operating activities:    
Consolidated net income 129,089 86,618
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Amortization and Accretion, Net (29) 0
Depreciation and amortization 102,158 97,691
Stock compensation expense 1,729 1,730
Redeemable stock issued 535 428
Amortization of debt premium (948) (541)
Loss from investments in real estate joint ventures (161)  
Income (Loss) from Equity Method Investments 161 (170)
Gain on debt extinguishment 387 (5)
Losses on Debt Extinguishment   (322)
Derivative interest expense 827 590
Gain on sale of discontinued operations (71,909) (38,474)
Net casualty loss and other settlement proceeds (450) (19)
Changes in assets and liabilities:    
Restricted cash (391) 63
Other assets (7,611) (4,569)
Accounts payable 2,377 3,572
Accrued expenses and other 12,951 10,040
Security deposits 223 445
Net cash provided by operating activities 168,777 158,021
Cash flows from investing activities:    
Purchases of real estate and other assets (89,866) (314,909)
Improvements to existing real estate assets (35,412) (36,989)
Construction Capital and Other Improvements 3,873 2,561
Renovations to Existing Real Estate Assets 8,616 11,070
Development (26,129) (54,242)
Distributions from real estate joint ventures 8,311 11,880
Contributions to real estate joint ventures (183) (204)
Proceeds from disposition of real estate assets 118,783 97,113
Funding of escrow for future acquisitions (57,380) 0
Net cash used in investing activities (94,365) (310,982)
Cash flows from financing activities:    
Net change in credit lines 177,000 (235,064)
Proceeds from notes payable 0 271,000
Principal payments on notes payable (8,695) (11,760)
Payment of deferred financing costs (2,655) (3,577)
Repurchase of common stock (682) (1,863)
Proceeds from issuances of common shares 25,038 173,960
Distributions to noncontrolling interests (3,574) (3,775)
Dividends paid on common shares (88,814) (79,855)
Net cash (used in) provided by financing activities 97,618 109,066
Net (decrease) increase in cash and cash equivalents 172,030 (43,895)
Cash and cash equivalents, beginning of period 9,075 57,317
Cash and cash equivalents, end of period 181,105 13,422
Supplemental disclosure of cash flow information:    
Interest paid 48,534 47,735
Supplemental disclosure of noncash investing and financing activities:    
Conversion of units to shares of common stock 550 2,672
Accrued construction in progress 4,190 6,392
Interest capitalized 1,118 1,844
Marked-to-market adjustment on derivative instruments 21,367 6,521
Gain on Sale of Non-Depreciable Assets, Including Discontinued Operations 0 45
Notes Assumed $ 18,293 $ 30,290