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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net income$ 106,032$ 91,691
Operating distributions received from unconsolidated joint ventures2,2893,379
Adjustments to reconcile net income to net cash provided by operating activities:  
Income attributable to noncontrolling interest- discontinued operations366397
Depreciation82,66077,804
Amortization of deferred financing costs, fair market value adjustments on notes payable, and interest rate cap agreements4,1261,996
Other amortization43,31631,964
Impairment loss09,587
Accretion of notes receivable discount(482)(1,928)
Stock compensation expense2,9752,458
Equity in income of unconsolidated joint ventures(1,032)(2,003)
Gain on sale of real estate assets(26,756)0
Gain on consolidation of variable interest entity(1,532)0
Changes in assets and liabilities:  
Increase in tenant receivables, net(9,690)(1,578)
Increase in restricted cash and escrows(15,792)(7,819)
Increase in prepaid expenses and other assets(4,864)(8,994)
Increase in accounts payable and accrued expenses1,8237,520
Decrease in deferred income(7,250)(624)
Net cash provided by operating activities176,189203,850
Cash Flows from Investing Activities:  
Investments in real estate assets and related intangibles(175,322)(41,378)
Cash assumed upon consolidation of variable interest entity5,0630
Net sales proceeds from wholly-owned properties68,0410
Net sales proceeds received from unconsolidated joint ventures3,0360
Investments in unconsolidated joint ventures(151)(29)
Deferred lease costs paid(27,409)(10,524)
Net cash used in investing activities(126,742)(51,931)
Cash Flows from Financing Activities:  
Deferred financing costs paid(1,401)(669)
Proceeds from line of credit and notes payable469,0000
Repayments of line of credit and notes payable(392,000)(114,000)
Net proceeds from issuance of common stock0185,763
Redemption of fractional shares of common stock0(2,918)
Dividends paid and discount on dividend reinvestments(165,636)(162,560)
Net cash used in financing activities(90,037)(94,384)
Net (decrease)/increase in cash and cash equivalents(40,590)57,535
Cash and cash equivalents, beginning of period56,71810,004
Cash and cash equivalents, end of period16,12867,539
Supplemental Disclosures of Significant Noncash Investing and Financing Activities:  
Change in accrued offering costs4791,370
Accrued capital expenditures and deferred lease costs9,3951,249
Net assets assumed upon consolidation of variable interest entity, net of notes receivable previously recorded188,2830
Liabilities assumed upon consolidation of variable interest entity191,8140
Redeemable common stock$ 0$ 75,164