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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 75,247,000 $ 61,254,000
Adjustments to net income:    
Depreciation and amortization 55,750,000 46,280,000
Income from discontinued operations:    
Real estate acquired for resale (442,000) (449,000)
Real estate held for investment (1,024,000) (2,679,000)
Gain on sale of land (155,000) 0
Amortization of share-based compensation 4,347,000 3,476,000
Cash provided by discontinued operations:    
Real estate acquired for resale 442,000 449,000
Real estate held for investment 171,000 956,000
Collection of notes receivable by Crest 72,000 68,000
Change in assets and liabilities:    
Accounts receivable and other assets 7,826,000 6,075,000
Accounts payable, accrued expenses and other liabilities (5,266,000) (4,914,000)
Net cash provided by operating activities 136,968,000 110,516,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of income producing investment properties (303,764,000) (290,643,000)
Proceeds from the sales of real estate [Abstract]    
Continuing operations 675,000 0
Discontinued operations 4,372,000 6,352,000
Restricted escrow deposits (5,999,000) (399,000)
Net cash used in investing activities (304,716,000) (284,690,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (106,131,000) (89,674,000)
Cash dividends to preferred stockholders (12,127,000) (12,127,000)
Borrowings under line of credit 38,600,000 337,600,000
Payments on line of credit (38,600,000) (315,300,000)
Proceeds from common stock offering, net 285,605,000 0
Proceeds from bonds issued, net of financing costs of $9,915 140,085,000 0
Proceeds from notes issued, net of financing costs of $3,740 0 246,260,000
Proceeds from dividend reinvestment and stock purchase plan, net 716,000 0
Other items (2,336,000) (1,739,000)
Net cash provided by financing activities 305,812,000 165,020,000
Net increase (decrease) in cash and cash equivalents 138,064,000 (9,154,000)
Cash and cash equivalents, beginning of period 17,607,000 10,026,000
Cash and cash equivalents, end of period $ 155,671,000 $ 872,000