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Condensed Consolidated Statements of Operations (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 property revenues $ 49,208 $ 31,125 $ 122,686 $ 88,347
Fee income 2,420 7,343 8,932 12,985
Land sales 155 732 1,551 2,216
Other 292 86 2,960 1,612
Total consolidated revenues 52,075 39,286 136,129 105,160
COSTS AND EXPENSES:        
Rental property operating expenses 22,730 13,946 57,135 38,317
Reimbursed expenses 1,097 1,235 4,365 3,968
Land cost of sales 147 354 1,543 1,333
General and administrative expenses 6,635 6,399 17,257 18,668
Interest expense 5,149 5,793 14,325 17,936
Depreciation and amortization 19,003 10,542 46,243 30,338
Separation expenses 520 574 520 866
Acquisition and related costs 6,859 350 7,427 495
Other 925 1,252 1,715 2,351
Total costs and expenses 63,065 40,445 150,530 114,272
LOSS ON EXTINGUISHMENT OF DEBT 0 0 0 (94)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES, UNCONSOLIDATED JOINT VENTURES AND SALE OF INVESTMENT PROPERTIES (10,990) (1,159) (14,401) (9,206)
PROVISION FOR INCOME TAXES FROM OPERATIONS (1) (60) (3) (120)
INCOME FROM UNCONSOLIDATED JOINT VENTURES 63,078 2,269 65,862 14,217
LOSS FROM CONTINUING OPERATIONS BEFORE GAIN ON SALE OF INVESTMENT PROPERTIES 52,087 1,050 51,458 4,891
GAIN ON SALE OF INVESTMENT PROPERTIES 3,801 60 61,384 146
INCOME (LOSS) FROM CONTINUING OPERATIONS 55,888 1,110 112,842 5,037
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Loss from discontinued operations 803 4,724 1,394 (1,087)
Gain on sale of discontinued operations, net 8,346 7,444 8,527 8,204
Total income from discontinued operations 9,149 12,168 9,921 7,117
NET INCOME (LOSS) 65,037 13,278 122,763 12,154
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (3,879) (608) (4,901) 259
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST 61,158 12,670 117,862 12,413
PREFERRED SHARE ORIGINAL ISSUANCE COSTS     (2,656)  
DIVIDENDS TO PREFERRED STOCKHOLDERS (1,777) (3,226) (8,231) (9,680)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 59,381 $ 9,444 $ 106,975 $ 2,733
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:        
Income (loss) from continuing operations attributable to controlling interest $ 0.31 $ (0.03) $ 0.75 $ (0.04)
Income from discontinued operations $ 0.05 $ 0.12 $ 0.08 $ 0.07
Net income (loss) available to common stockholders $ 0.36 $ 0.09 $ 0.83 $ 0.03
WEIGHTED AVERAGE SHARES — BASIC 163,426 104,193 128,953 104,120
WEIGHTED AVERAGE SHARES — DILUTED 163,603 104,203 129,121 104,125
Common Stock, Dividends, Per Share, Declared $ 0.045 $ 0.045 $ 0.135 $ 0.135