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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Parent Company [Member]    
Cash flows from operating activities:    
Consolidated net income $ 212,529,000 $ 182,344,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Amortization and Accretion, Net (292,000) (130,000)
Depreciation and amortization (374,947,000) (228,073,000)
Stock compensation expense 8,431,000 5,977,000
Redeemable stock issued 489,000 412,000
Amortization of debt premium (8,035,000) (7,546,000)
(Gain) loss from investments in real estate joint ventures (1,021,000) (27,000)
Loss on debt extinguishment (4,753,000) 0
Derivative interest (credit) expense (9,298,000) (1,883,000)
Gain on sale of non-depreciable real estate assets (42,000) (2,170,000)
Gain on sale of depreciable real estate assets excluded from discontinued operations (59,045,000) (48,572,000)
Net casualty loss and other settlement proceeds (233,000) (738,000)
Settlement of Forward Swaps (1,547,000) 0
Changes in assets and liabilities:    
Restricted cash (2,580,000) (4,955,000)
Other assets (6,264,000) (501,000)
Accounts payable (5,305,000) (3,158,000)
Accrued expenses and other 44,353,000 35,183,000
Security deposits 164,000 597,000
Net cash provided by operating activities 553,108,000 389,222,000
Cash flows from investing activities:    
Net (decrease) increase in cash and cash equivalents 14,315,000 (9,742,000)
Purchases of real estate and other assets (63,774,000) (262,268,000)
Normal capital improvements (82,030,000) (65,351,000)
Construction capital and other improvements (7,171,000) (5,569,000)
Renovations to existing real estate assets (36,692,000) (29,554,000)
Development (142,530,000) (42,611,000)
Distributions from real estate joint ventures 0 1,823,000
Contributions to Real Estate Joint Ventures (750,000) 0
Proceeds from disposition of real estate assets 90,040,000 187,425,000
(Funding) return of escrow for future acquisitions 10,591,000 0
Net cash (used in) provided by investing activities (232,316,000) (216,105,000)
Cash flows from financing activities:    
Net change in credit lines (240,000,000) 130,000,000
Proceeds from notes payable 597,480,000 0
Principal payments on notes payable (345,053,000) (114,753,000)
Payment of deferred financing costs (5,355,000) (141,000)
Repurchase of common stock (4,782,000) (1,811,000)
Proceeds from issuances of common shares 1,007,000 (216,000)
Proceeds from Stock Options Exercised 432,000 0
Distributions to noncontrolling interests (10,999,000) (10,234,000)
Dividends paid on common shares (296,441,000) (185,704,000)
Dividends, Preferred Stock, Cash (2,766,000) 0
Net cash used in financing activities (306,477,000) (182,859,000)
Cash and cash equivalents, beginning of period 33,536,000 37,559,000
Cash and cash equivalents, end of period 47,851,000 27,817,000
Supplemental disclosure of cash flow information:    
Interest paid 123,735,000 96,271,000
Income Taxes Paid 2,256,000 1,571,000
Supplemental disclosure of noncash investing and financing activities:    
Conversion of units to shares of common stock 1,133,000 780,000
Accrued construction in progress 15,787,000 8,742,000
Interest capitalized 5,884,000 1,095,000
Marked To Market Adjustment On Derivative Instruments 12,035,000 1,402,000
Limited Partner [Member]    
Cash flows from operating activities:    
Consolidated net income 212,529,000 182,344,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Amortization and Accretion, Net (292,000) (130,000)
Depreciation and amortization (374,947,000) (228,073,000)
Stock compensation expense 8,431,000 5,977,000
Redeemable stock issued 489,000 412,000
Amortization of debt premium (8,035,000) (7,546,000)
(Gain) loss from investments in real estate joint ventures (1,021,000) (27,000)
Loss on debt extinguishment (4,753,000) 0
Derivative interest (credit) expense (9,298,000) (1,883,000)
Gain on sale of non-depreciable real estate assets (42,000) (2,170,000)
Gain on sale of depreciable real estate assets excluded from discontinued operations (59,045,000) (48,572,000)
Net casualty loss and other settlement proceeds (233,000) (738,000)
Settlement of Forward Swaps (1,547,000) 0
Changes in assets and liabilities:    
Restricted cash (2,580,000) (4,955,000)
Other assets (6,264,000) (501,000)
Accounts payable (5,305,000) (3,158,000)
Accrued expenses and other 44,353,000 35,183,000
Security deposits 164,000 597,000
Net cash provided by operating activities 553,108,000 389,222,000
Cash flows from investing activities:    
Net (decrease) increase in cash and cash equivalents 14,315,000 (9,742,000)
Purchases of real estate and other assets (63,774,000) (262,268,000)
Normal capital improvements (82,030,000) (65,351,000)
Construction capital and other improvements (7,171,000) (5,569,000)
Renovations to existing real estate assets (36,692,000) (29,554,000)
Development (142,530,000) (42,611,000)
Distributions from real estate joint ventures 0 1,823,000
Contributions to Real Estate Joint Ventures (750,000) 0
Proceeds from disposition of real estate assets 90,040,000 187,425,000
(Funding) return of escrow for future acquisitions 10,591,000 0
Net cash (used in) provided by investing activities (232,316,000) (216,105,000)
Cash flows from financing activities:    
Net change in credit lines (240,000,000) 130,000,000
Proceeds from notes payable 597,480,000 0
Principal payments on notes payable (345,053,000) (114,753,000)
Payment of deferred financing costs (5,355,000) (141,000)
Repurchase of common units (4,782,000) (1,811,000)
Proceeds from issuances of common units 1,007,000 (216,000)
Proceeds from Stock Options Exercised 432,000 0
Distributions paid on common units (307,440,000) (195,938,000)
Dividends, Preferred Stock, Cash (2,766,000) 0
Net cash used in financing activities (306,477,000) (182,859,000)
Cash and cash equivalents, beginning of period 33,536,000 37,559,000
Cash and cash equivalents, end of period 47,851,000 27,817,000
Supplemental disclosure of cash flow information:    
Interest paid 123,735,000 96,271,000
Income Taxes Paid 2,256,000 1,571,000
Supplemental disclosure of noncash investing and financing activities:    
Accrued construction in progress 15,787,000 8,742,000
Interest capitalized 5,884,000 1,095,000
Marked To Market Adjustment On Derivative Instruments $ 12,035,000 $ 1,402,000