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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Parent Company [Member]      
Cash flows from operating activities:      
Consolidated net income $ (340,536) $ (224,402) $ (350,745)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (494,540) (323,283) (294,897)
Stock compensation expense 10,570 11,486 6,147
Amortization of debt premium (9,810) (9,820) (15,515)
Gain on sale of non-depreciable real estate assets (21) (2,171) (172)
Gain on sale of depreciable real estate assets excluded from discontinued operations (127,386) (80,397) (189,958)
Proceeds from Other Operating Activities (49,916) 17,256 17,577
Changes in assets and liabilities:      
Net cash provided by operating activities 658,513 484,039 463,721
Cash flows from investing activities:      
Purchases of real estate and other assets (136,065) (339,186) (328,193)
Normal capital improvements (343,890) (183,977) (166,021)
Distributions from real estate joint ventures 0 (1,999) (6)
Contributions to Real Estate Joint Ventures (1,500) 0 (32)
Proceeds from disposition of real estate assets 187,429 296,700 358,017
Return (funding) of escrow for future acquisitions 10,591 (58,259) 8
Payments to Acquire Businesses, Net of Cash Acquired 0 (427,764) 0
Net cash used in investing activities (283,435) (710,487) (136,215)
Cash flows from financing activities:      
Net change in credit lines (160,000) 335,000 (180,900)
Proceeds from notes payable 597,480 300,000 395,960
Principal payments on notes payable (413,557) (146,026) (279,077)
Payment of deferred financing costs (5,358) (2,395) (7,690)
Repurchase of common stock (4,782) (2,019) (958)
Proceeds from issuances of common shares 1,557 291 622
Proceeds from Stock Options Exercised 432 0 420
Dividends, Preferred Stock, Cash (3,688) (924) 0
Distributions to noncontrolling interests (14,654) (13,850) (12,898)
Dividends paid on common shares (395,294) (247,652) (232,079)
Net cash (used in) provided by financing activities (397,864) 222,425 (316,600)
Net (decrease) increase in cash and cash equivalents (22,786) (4,023) 10,906
Cash and cash equivalents, beginning of period 33,536 37,559 26,653
Cash and cash equivalents, end of period 10,750 33,536 37,559
Supplemental disclosure of cash flow information:      
Interest paid 166,757 144,843 140,811
Income Taxes Paid 2,366 1,582 2,103
Supplemental disclosure of noncash investing and financing activities:      
Conversion of units to shares of common stock 1,602 902 1,121
Accrued construction in progress 7,852 31,491 5,873
Interest capitalized 7,238 2,073 1,655
Marked-to-market adjustment on derivative instruments 17,806 5,670 2,963
Fair value adjustment on debt assumed 0 8,864 0
Loan assumption from the Post Properties merger 0 586,744 0
Purchase Price Post 0 4,006,586 0
Limited Partner [Member]      
Cash flows from operating activities:      
Consolidated net income (340,536) (224,402) (350,745)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (494,540) (323,283) (294,897)
Stock compensation expense 10,570 11,486 6,147
Amortization of debt premium (9,810) (9,820) (15,515)
Gain on sale of non-depreciable real estate assets (21) (2,171) (172)
Gain on sale of depreciable real estate assets excluded from discontinued operations (127,386) (80,397) (189,958)
Proceeds from Other Operating Activities (49,916) 17,256 17,577
Changes in assets and liabilities:      
Net cash provided by operating activities 658,513 484,039 463,721
Cash flows from investing activities:      
Purchases of real estate and other assets (136,065) (339,186) (328,193)
Normal capital improvements (343,890) (183,977) (166,021)
Distributions from real estate joint ventures 0 (1,999) (6)
Contributions to Real Estate Joint Ventures (1,500) 0 (32)
Proceeds from disposition of real estate assets 187,429 296,700 358,017
Return (funding) of escrow for future acquisitions 10,591 (58,259) 8
Payments to Acquire Businesses, Net of Cash Acquired 0 (427,764) 0
Net cash used in investing activities (283,435) (710,487) (136,215)
Cash flows from financing activities:      
Net change in credit lines (160,000) 335,000 (180,900)
Proceeds from notes payable 597,480 300,000 395,960
Principal payments on notes payable (413,557) (146,026) (279,077)
Payment of deferred financing costs (5,358) (2,395) (7,690)
Repurchase of common units (4,782) (2,019) (958)
Proceeds from issuance of common units 1,557 291 622
Proceeds from Stock Options Exercised 432 0 420
Dividends, Preferred Stock, Cash (3,688) (924) 0
Distributions paid on common units (409,948) (261,502) (244,977)
Net cash (used in) provided by financing activities (397,864) 222,425 (316,600)
Net (decrease) increase in cash and cash equivalents (22,786) (4,023) 10,906
Cash and cash equivalents, beginning of period 33,536 37,559 26,653
Cash and cash equivalents, end of period 10,750 33,536 37,559
Supplemental disclosure of cash flow information:      
Interest paid 166,757 144,843 140,811
Income Taxes Paid 2,366 1,582 2,103
Supplemental disclosure of noncash investing and financing activities:      
Accrued construction in progress 7,852 31,491 5,873
Interest capitalized 7,238 2,073 1,655
Marked-to-market adjustment on derivative instruments 17,806 5,670 2,963
Fair value adjustment on debt assumed 0 8,864 0
Loan assumption from the Post Properties merger 0 586,744 0
Purchase Price Post $ 0 $ 4,006,586 $ 0