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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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental income $ 112,319 $ 113,756 $ 336,468 $ 329,191
Residents fees and services 74,946 42,352 224,634 113,906
Total revenues 187,265 156,108 561,102 443,097
Expenses:        
Property operating expenses 74,729 46,805 222,893 125,109
Depreciation 38,473 35,276 114,472 102,673
General and administrative 7,798 8,352 24,615 24,106
Acquisition related costs 396 4,297 2,590 6,814
Impairment of assets     5,675 3,071
Total expenses 121,396 94,730 370,245 261,773
Operating income 65,869 61,378 190,857 181,324
Interest and other income 42 248 612 957
Interest expense (29,405) (30,417) (88,536) (87,426)
Loss on early extinguishment of debt (692) (6,349) (797) (6,349)
Loss on lease terminations   (104)   (104)
Gain (loss) on sale of properties 1,141 (101) 1,141 (101)
Equity in earnings of an investee 64 115 219 236
Income before income tax expense 37,019 24,770 103,496 88,537
Income tax expense (125) (43) (405) (290)
Income from continuing operations 36,894 24,727 103,091 88,247
Discontinued operations:        
Income from discontinued operations 1,231 919 3,762 3,001
Impairment of assets from discontinued operations     (27,896)  
Net income 38,125 25,646 78,957 91,248
Other comprehensive income:        
Change in net unrealized (loss) / gain on investments (2,166) 7,499 2,195 8,416
Share of comprehensive income of an investee 13 35 (68) 31
Comprehensive income $ 35,972 $ 33,180 $ 81,084 $ 99,695
Weighted average shares outstanding (in shares) 188,102 174,690 186,942 166,698
Income from continuing operations per share (in dollars per share) $ 0.20 $ 0.14 $ 0.55 $ 0.53
Income (loss) from discontinued operations per share (in dollars per share)   $ 0.01 $ (0.13) $ 0.02
Net income per share (in dollars per share) $ 0.20 $ 0.15 $ 0.42 $ 0.55