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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 124,349 $ 79,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 133,097 128,030
Gain on disposition of property (45,004) (19,667)
Stock-based compensation 7,788 12,214
Changes in assets and liabilities:    
Cash in escrows, net 613 (1,194)
Other assets (3,287) (9,401)
Accounts payable and accrued liabilities 2,027 8,025
Total adjustments 95,234 118,007
Net cash provided by operating activities 219,583 197,586
Cash flows from investing activities:    
Purchase of properties, net of mortgage notes assumed   (289,759)
Purchase of land for development (28,088)  
Capital improvements to properties including redevelopment (107,848) (120,511)
Additions to construction in progress (47,971) (39,324)
Additions to predevelopment (375) (440)
Proceeds from sale of properties, net 120,644 40,080
Withdrawals from (additions to) cash held in escrow, net 1,428 (40,050)
Net cash used in investing activities (62,210) (450,004)
Cash flows from financing activities:    
Proceeds from sale of common stock, net 46,593 159,891
Proceeds from issuance of common stock through public offering, net 267,633  
Repurchase of common stock (3,075) (4,186)
Scheduled payments of mortgage notes payable (25,777) (26,829)
Payoff mortgage notes payable (260,160) (32,863)
Proceeds from unsecured notes payable 25,000 150,000
Payments of unsecured notes payable (25,000)  
Proceeds from unsecured line of credit 565,000 407,500
Payments on unsecured line of credit (621,000) (282,000)
Payments of deferred loan costs (2,090) (356)
Additions to cash held in escrow, net   (358)
Dividends and distributions paid (134,565) (118,483)
Net cash provided by (used in) financing activities (167,441) 252,316
Net decrease in cash and cash equivalents (10,068) (102)
Cash and cash equivalents:    
Beginning of year 21,092 8,297
End of period 11,024 8,195
Supplemental disclosure:    
Interest capitalized 5,208 3,267
Supplemental disclosure of non-cash investing and financing activities:    
Mortgage loan assumed associated with property acquisition   7,284
Exchange of UPREIT Units for common stock 2,866 3,538
Transfers of construction in progress to land and buildings, improvements and equipment 117 42,388
Additions to properties and construction in progress included in accounts payable $ 6,503 $ 10,910