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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental income $ 114,373 $ 109,505
Residents fees and services 75,056 35,568
Total revenues 189,429 145,073
Expenses:    
Property operating expenses 74,582 39,334
Depreciation 38,302 33,377
General and administrative 8,648 7,685
Acquisition related costs 1,903 688
Impairment of assets 1,304 3,071
Total expenses 124,739 84,155
Operating income 64,690 60,918
Interest and other income 173 482
Interest expense (29,564) (28,889)
Equity in earnings of an investee 76 45
Income before income tax expense 35,375 32,556
Income tax expense (140) (204)
Net income 35,235 32,352
Other comprehensive income:    
Change in net unrealized gain / loss on investments 8,764 2,231
Share of comprehensive income of an investee (8) (1)
Comprehensive income $ 43,991 $ 34,582
Weighted average shares outstanding (in shares) 184,605 162,647
Net income per share (in dollars per share) $ 0.19 $ 0.20