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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Document Fiscal Year Focus 2013    
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 126,829 $ 47,919 $ (123,467)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment Losses, Including Discontinued Operations 0 14,278 107,763
Gain on sale of investment properties, including discontinued operations (68,200) (15,001) (12,013)
Gain on sale of third party management and leasing business (4,577) (7,459) 0
Losses on abandoned predevelopment projects 0 0 937
Loss on extinguishment of debt 0 94 74
Impairment Losses on Investments in Unconsolidated Joint Ventures 0 0 608
Depreciation and amortization, including discontinued operations 76,478 52,439 54,061
Amortization of deferred financing costs 615 1,056 1,637
Amortization of stock options and restricted stock, net of forfeitures 1,898 2,244 2,113
Effect of certain non-cash adjustments to rental revenues (11,660) (3,938) (6,719)
(Income) loss from unconsolidated joint ventures (67,325) (39,258) 17,691
Operating distributions from unconsolidated joint ventures 67,101 37,379 8,865
Land and multi-family cost of sales, net of closing costs paid 967 1,706 5,187
Land and multi-family acquisition and development expenditures 0 47 999
Changes in other operating assets and liabilities:      
Change in other receivables and other assets, net (9,619) (851) 2,099
Change in operating liabilities 24,833 4,761 (2,256)
Net cash provided by operating activities 137,340 95,322 55,581
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from investment property sales 178,966 273,386 143,623
Proceeds from sale of third party management and leasing business 4,577 8,247 0
Property acquisition, development and tenant asset expenditures (1,526,263) (105,069) (181,909)
Investment in unconsolidated joint ventures (11,922) (6,619) (23,341)
Distributions from unconsolidated joint ventures 88,635 67,435 8,428
Collection of Notes Receivable 1,580 0 0
Change in notes receivable and other assets (1,655) 2,504 (2,255)
Change in restricted cash (111) 2,077 10,592
Net cash provided by (used in) investing activities (1,266,193) 241,961 (44,862)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from credit facility 365,075 417,900 256,275
Repayment of credit and term facilities (325,000) (616,150) (163,425)
Proceeds from other notes payable 304,275 113,026 0
Repayment of notes payable (77,887) (28,808) (59,543)
Payment of loan issuance costs (1,693) (3,419) (442)
Common stock issued, net of expenses 826,233 0 18
Common dividends paid (27,192) (18,748) (18,649)
Preferred dividends paid (10,008) (12,907) (12,907)
Preferred Stock Redemption (74,827) 0 0
Contributions from noncontrolling interests 0 0 1,300
Distributions to noncontrolling interests (26,040) (16,143) (16,087)
Net cash used in financing activities 952,936 (165,249) (13,460)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (175,917) 172,034 (2,741)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 176,892 4,858 7,599
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 975 $ 176,892 $ 4,858