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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 118,018,000 $ 82,758,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 185,821,000 91,032,000
Other amortization expenses 7,900,000 8,047,000
Provision for loan losses 416,000  
Impairment of assets 202,000  
Stock-based compensation expense 7,274,000 8,747,000
Loss (gain) on extinguishment of debt   25,072,000
Income from unconsolidated joint ventures (2,514,000) (2,596,000)
Rental income in excess of cash received (9,304,000) (4,530,000)
Amortization related to above (below) market leases, net (1,056,000) (1,296,000)
Loss (gain) on sales of properties (56,380,000) (10,033,000)
Increase (decrease) in accrued expenses and other liabilities 38,416,000 5,552,000
Decrease (increase) in receivables and other assets (47,195,000) (11,247,000)
Net cash provided from (used in) operating activities 241,598,000 191,506,000
Investing activities    
Investment in real property, net of cash acquired (3,370,597,000) (389,873,000)
Capitalized interest (6,979,000) (12,352,000)
Investment in real estate loans receivable (28,467,000) (41,784,000)
Other investments, net of payments 1,743,000 (10,051,000)
Principal collected on real estate loans receivable 138,396,000 9,420,000
Contributions to unconsolidated joint ventures (779,000) (174,574,000)
Distributions from unconsolidated joint ventures 1,069,000  
Decrease (increase) in restricted cash 42,023,000 (36,418,000)
Proceeds from sales of real property 208,692,000 54,492,000
Net cash provided from (used in) investing activities (3,014,899,000) (601,140,000)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (300,000,000) 66,000,000
Proceeds from issuance of senior unsecured notes 1,381,086,000 932,412,000
Payments to extinguish senior unsecured notes   (495,542,000)
Net proceeds from the issuance of secured debt 58,470,000 79,127,000
Payments on secured debt (13,081,000) (7,704,000)
Net proceeds from the issuance of common stock 1,421,495,000 37,560,000
Net proceeds from the issuance of preferred stock 696,437,000  
Decrease (increase) in deferred loan expenses (11,603,000) (1,887,000)
Contributions by noncontrolling interests 9,087,000 [1] 2,271,000 [1]
Distributions to noncontrolling interests (16,804,000) [1] (2,594,000) [1]
Cash distributions to stockholders (254,598,000) (180,062,000)
Net cash provided from (used in) financing activities 2,970,489,000 429,581,000
Increase (decrease) in cash and cash equivalents 197,188,000 19,947,000
Cash and cash equivalents at beginning of period 131,570,000 [2] 35,476,000
Cash and cash equivalents at end of period 328,758,000 55,423,000
Supplemental cash flow information:    
Interest paid 112,711,000 71,027,000
Income taxes paid $ 31,000 $ 149,000
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] NOTE: The consolidated balance sheet at December 31, 2010 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.