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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from financing activities:      
Dividends, Preferred Stock, Cash   $ 0 $ 0
Parent Company [Member]      
Cash flows from operating activities:      
Consolidated net income $ (224,402) (350,745) (156,277)
Adjustments to reconcile net income to net cash provided by operating activities:      
Retail revenue accretion (150) (1,083) (27)
Depreciation and amortization (323,283) (294,897) (301,744)
Stock compensation expense 11,486 6,147 4,226
Redeemable stock issued 557 924 874
Amortization of debt premium (9,820) (15,515) (21,282)
(Gain) loss from investments in real estate joint ventures (241) 6 (3,142)
(Gain) loss on debt extinguishment (56) 2,855 2,586
Derivative interest (credit) expense (2,806) (2,274) (3,084)
Settlement of forward swaps 0 (1,908) (3,625)
Gain on sale of non-depreciable real estate assets (2,171) (172) (350)
Gain on sale of depreciable real estate assets excluded from discontinued operations (80,397) (189,958) (42,649)
Gain on sale of discontinued operations 0 0 (5,394)
Net casualty (gain) loss and other settlement proceeds (448) (473) 476
Changes in assets and liabilities:      
Restricted cash (315) 2,091 (8,704)
Other assets 9,822 12,475 2,013
Accounts payable 24,232 2,578 3,348
Accrued expenses and other 34,458 6,307 7,543
Security deposits (667) (1,235) (1,244)
Net cash provided by operating activities 484,039 463,721 385,378
Cash flows from investing activities:      
Purchases of real estate and other assets (339,186) (328,193) (309,174)
Normal capital improvements (80,392) (88,486) (90,201)
Construction capital and other improvements (7,338) (7,848) (7,998)
Renovations to existing real estate assets (37,316) (30,957) (21,089)
Development (58,931) (38,730) (70,788)
Distributions from real estate joint ventures (1,999) (6) (15,964)
Contributions to Real Estate Joint Ventures 0 (32) 0
Proceeds from disposition of real estate assets 296,700 358,017 254,638
Return (funding) of escrow for future acquisitions (58,259) 8 24,884
Cash acquired in connection with Colonial merger (427,764) 0 0
Net cash used in investing activities (710,487) (136,215) (203,764)
Cash flows from financing activities:      
Net change in credit lines 335,000 (180,900) (157,184)
Proceeds from notes payable 300,000 395,960 396,855
Principal payments on notes payable (146,026) (279,077) (260,347)
Payment of deferred financing costs (2,395) (7,690) (4,992)
Repurchase of common stock (2,019) (958) (465)
Proceeds from issuances of common shares 291 622 1,042
Proceeds from Stock Options Exercised 0 420 12,245
Dividends, Preferred Stock, Cash (924)    
Distributions to noncontrolling interests (13,850) (12,898) (12,290)
Dividends paid on common shares (247,652) (232,079) (219,158)
Net cash provided by (used in) financing activities 222,425 (316,600) (244,294)
Net (decrease) increase in cash and cash equivalents (4,023) 10,906 (62,680)
Cash and cash equivalents, beginning of period 37,559 26,653 89,333
Cash and cash equivalents, end of period 33,536 37,559 26,653
Supplemental disclosure of cash flow information:      
Interest paid 144,843 140,811 146,202
Income Taxes Paid 1,582 2,103 1,596
Supplemental disclosure of noncash investing and financing activities:      
Conversion of units to shares of common stock 902 1,121 1,419
Accrued construction in progress 31,491 5,873 6,626
Interest capitalized 2,073 1,655 1,722
Marked-to-market adjustment on derivative instruments 5,670 2,963 6,159
Fair value adjustment on debt assumed 8,864 0 5,284
Loan assumption 586,744 0 93,049
Limited Partner [Member]      
Cash flows from operating activities:      
Consolidated net income (224,402) (350,745) (156,277)
Adjustments to reconcile net income to net cash provided by operating activities:      
Retail revenue accretion (150) (1,083) (27)
Depreciation and amortization (323,283) (294,897) (301,744)
Stock compensation expense 11,486 6,147 4,226
Redeemable stock issued 557 924 874
Amortization of debt premium (9,820) (15,515) (21,282)
(Gain) loss from investments in real estate joint ventures (241) 6 (3,142)
(Gain) loss on debt extinguishment (56) 2,855 2,586
Derivative interest (credit) expense (2,806) (2,274) (3,084)
Settlement of forward swaps 0 (1,908) (3,625)
Gain on sale of non-depreciable real estate assets (2,171) (172) (350)
Gain on sale of depreciable real estate assets excluded from discontinued operations (80,397) (189,958) (42,649)
Gain on sale of discontinued operations 0 0 (5,394)
Net casualty (gain) loss and other settlement proceeds (448) (473) 476
Changes in assets and liabilities:      
Restricted cash (315) 2,091 (8,704)
Other assets 9,822 12,475 2,013
Accounts payable 24,232 2,578 3,348
Accrued expenses and other 34,458 6,307 7,543
Security deposits (667) (1,235) (1,244)
Net cash provided by operating activities 484,039 463,721 385,378
Cash flows from investing activities:      
Purchases of real estate and other assets (339,186) (328,193) (309,174)
Normal capital improvements (80,392) (88,486) (90,201)
Construction capital and other improvements (7,338) (7,848) (7,998)
Renovations to existing real estate assets (37,316) (30,957) (21,089)
Development (58,931) (38,730) (70,788)
Distributions from real estate joint ventures (1,999) (6) (15,964)
Contributions to Real Estate Joint Ventures 0 (32) 0
Proceeds from disposition of real estate assets 296,700 358,017 254,638
Return (funding) of escrow for future acquisitions (58,259) 8 24,884
Cash acquired in connection with Colonial merger (427,764) 0 0
Net cash used in investing activities (710,487) (136,215) (203,764)
Cash flows from financing activities:      
Net change in credit lines 335,000 (180,900) (157,184)
Proceeds from notes payable 300,000 395,960 396,855
Principal payments on notes payable (146,026) (279,077) (260,347)
Payment of deferred financing costs (2,395) (7,690) (4,992)
Repurchase of common units (2,019) (958) (465)
Proceeds from issuance of common units 291 622 1,042
Proceeds from Stock Options Exercised 0 420 12,245
Dividends, Preferred Stock, Cash (924) 0 0
Distributions paid on common units (261,502) (244,977) (231,448)
Net cash provided by (used in) financing activities 222,425 (316,600) (244,294)
Net (decrease) increase in cash and cash equivalents (4,023) 10,906 (62,680)
Cash and cash equivalents, beginning of period 37,559 26,653 89,333
Cash and cash equivalents, end of period 33,536 37,559 26,653
Supplemental disclosure of cash flow information:      
Interest paid 144,843 140,811 146,202
Income Taxes Paid 1,582 2,103 1,596
Supplemental disclosure of noncash investing and financing activities:      
Accrued construction in progress 31,491 5,873 6,626
Interest capitalized 2,073 1,655 1,722
Marked-to-market adjustment on derivative instruments 5,670 2,963 6,159
Fair value adjustment on debt assumed 8,864 0 5,284
Loan assumption 586,744 0 93,049
Purchase Price Post $ 4,006,586 $ 0 $ 0