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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 91,248 $ 112,819
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 104,487 82,120
Amortization of deferred financing fees and debt discounts 4,494 3,506
Straight line rental income (10,248) (8,376)
Amortization of acquired real estate leases and other intangible assets 746 (574)
Loss on early extinguishment of debt 6,349 427
Impairment of assets 3,071 1,194
Loss on lease terminations 104  
Loss (gain) on sale of properties 101 (21,315)
Equity in earnings of an investee (236) (111)
Change in assets and liabilities:    
Restricted cash (4,249) (2,175)
Other assets 13,978 (26,294)
Accrued interest (263) 940
Other liabilities 29,430 25,682
Cash provided by operating activities 239,012 167,843
Cash flows from investing activities:    
Real estate acquisitions and deposits (255,769) (510,416)
Real estate improvements (29,645) (25,327)
Loan receivable   (80,000)
Principal payments on loan receivable 38,000 32,000
Investment in Five Star Quality Care, Inc.   (5,000)
Proceeds from sale of properties 1,041 38,663
Cash used for investing activities (246,373) (550,080)
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 287,052 247,499
Proceeds from issuance of unsecured senior notes, net of discount 350,000 247,327
Proceeds from borrowings on revolving credit facility 509,000 590,000
Repayments of borrowings on revolving credit facility (454,000) (508,000)
Redemption of senior notes (225,000)  
Repayment of other debt (259,400) (7,013)
Payment of deferred financing fees (12,186) (9,873)
Distributions to shareholders (190,680) (161,724)
Cash provided by financing activities 4,786 398,216
(Decrease) increase in cash and cash equivalents (2,575) 15,979
Cash and cash equivalents at beginning of period 23,560 10,866
Cash and cash equivalents at end of period 20,985 26,845
Supplemental cash flow information:    
Interest paid 83,195 66,391
Income taxes paid 389 264
Non-cash investing activities:    
Acquisitions funded by assumed debt (112,153) (76,931)
Non-cash financing activities:    
Assumption of mortgage notes payable 112,153 76,931
Issuance of common shares $ 2,138 $ 1,814