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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 82,671 $ 75,247
Adjustments to net income:    
Depreciation and amortization 70,560 55,104
Income from discontinued operations (4,858) (2,661)
Gain on sale of real estate   (155)
Amortization of share-based compensation 5,550 4,347
Amortization of net premiums on mortgages payable (168)  
Other non-cash adjustments (301)  
Cash provided by discontinued operations:    
Real estate 1,274 2,454
Collection of notes receivable by Crest 44 72
Change in assets and liabilities:    
Accounts receivable and other assets 1,820 7,826
Accounts payable, accrued expenses and other liabilities (659) (5,266)
Net cash provided by operating activities 155,933 136,968
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of and improvements to investment properties (221,959) (303,764)
Proceeds from the sales of real estate:    
Continuing operations   675
Discontinued operations 18,549 4,372
Loans receivable (3,795)  
Restricted escrow deposits (6,449) (5,999)
Net cash used in investing activities (213,654) (304,716)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (116,552) (106,131)
Cash dividends to preferred stockholders (18,480) (12,127)
Borrowings from lines of credit 377,400 38,600
Payments on lines of credit (431,200) (38,600)
Principal payments on mortgages (10,952)  
Proceeds from preferred stock offerings, net 395,377  
Redemption of preferred stock (127,500)  
Proceeds from common stock offering, net   285,605
Proceeds from bonds issued   150,000
Debt issuance costs (7,058) (9,915)
Proceeds from dividend reinvestment and stock purchase plan 1,548 716
Other items (2,963) (2,336)
Net cash provided by financing activities 59,620 305,812
Net increase in cash and cash equivalents 1,899 138,064
Cash and cash equivalents, beginning of period 4,165 17,607
Cash and cash equivalents, end of period $ 6,064 $ 155,671