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Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2012
Financial Instruments [Abstract]  
Derivative activity
                                 
    2012     2011  
    Interest Rate
Swaps
    Interest Rate
Caps
    Interest Rate
Swaps
    Interest Rate
Caps
 

Notional amounts at January 1

  $ 1,496.5     $ —       $ 268.1     $ —    

New contracts

    367.0       194.1       —         —    

Acquired contracts

    71.0       —         —         —    

Matured or expired contracts

    (393.3     —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Notional amounts at March 31

  $ 1,541.2     $ 194.1     $ 268.1     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Fair value of financial instruments
                                 
    March 31, 2012     December 31, 2011  
    Carrying Value     Fair Value     Carrying Value     Fair Value  

Debt:

                               

Credit Facilities

  $ 850,909     $ 853,463     $ 936,796     $ 940,334  

Senior notes

    4,747,916       5,191,281       4,772,607       5,038,678  

Exchangeable senior notes

    1,322,800       1,456,632       1,315,448       1,431,805  

Secured mortgage debt

    2,806,496       2,939,167       1,725,773       1,861,261  

Secured mortgage debt of consolidated investees

    1,366,774       1,384,553       1,468,637       1,486,040  

Other debt of consolidated investees

    625,419       630,152       775,763       751,075  

Other debt

    660,607       660,067       387,384       389,804  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total debt

  $ 12,380,921     $ 13,115,315     $ 11,382,408     $ 11,898,997