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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Document Fiscal Year Focus 2013    
REVENUES:      
Rental property revenues $ 194,420 $ 114,208 $ 94,704
Fee income 10,891 17,797 13,821
Other 5,430 4,841 9,600
Total consolidated revenues 210,741 136,846 118,125
COSTS AND EXPENSES:      
Rental property operating expenses 90,498 50,329 40,817
Reimbursed expenses 5,215 7,063 6,208
General and administrative expenses 21,940 23,208 24,166
Interest expense 21,709 23,933 26,677
Impairment losses 0 488 96,818
Depreciation and amortization 76,277 39,424 30,666
Separation expenses 520 1,985 197
Acquisition and related costs 7,484 793 468
Other 3,693 5,144 9,286
Total costs and expenses 227,336 152,367 235,303
Gains (Losses) on Extinguishment of Debt 0 (94) 0
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES, UNCONSOLIDATED JOINT VENTURES AND SALE OF INVESTMENT PROPERTIES (16,595) (15,615) (117,178)
BENEFIT (PROVISION) FOR INCOME TAXES FROM OPERATIONS 23 (91) 186
INCOME (LOSS) FROM UNCONSOLIDATED JOINT VENTURES 67,325 39,258 (18,299)
Income (Loss) from Continuing Operations Before Gain on Sale of Investment Properties 50,753 23,552 (135,291)
GAIN ON SALE OF INVESTMENT PROPERTIES 61,288 4,053 3,494
INCOME (LOSS) FROM CONTINUING OPERATIONS 112,041 27,605 (131,797)
INCOME FROM DISCONTINUED OPERATIONS:      
Income (loss) from discontinued operations 3,299 1,907 (189)
Gain on sale of discontinued operations, net 11,489 18,407 8,519
Total income from discontinued operations 14,788 20,314 8,330
NET INCOME (LOSS) 126,829 47,919 (123,467)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (5,068) (2,191) (4,958)
Net Income (Loss) in Statement on Equity 126,761 49,922 (124,900)
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST 121,761 45,728 (128,425)
Preferred Share Original Issuance Costs (2,656) 0 0
DIVIDENDS TO PREFERRED STOCKHOLDERS (10,008) (12,907) (12,907)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 109,097 $ 32,821 $ (141,332)
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:      
Income (loss) from continuing operations attributable to controlling interest (dollars per share) $ 0.66 $ 0.12 $ (1.44)
Income from discontinued operations (dollars per share) $ 0.10 $ 0.20 $ 0.08
Net income (loss) available to common stockholders (dollars per share) $ 0.76 $ 0.32 $ (1.36)
WEIGHTED AVERAGE SHARES—BASIC (shares) 144,255 104,117 103,651
WEIGHTED AVERAGE SHARES—DILUTED (shares) 144,420 104,125 103,651