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Consolidated Statements of Income (USD $)
Share data in Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Revenues:      
Rental income $ 564,657,000 $ 480,607,000 $ 439,268,000
Resident fees and services 51,006,000    
Interest income 40,855,000 40,885,000 40,063,000
Other income 7,245,000 7,788,000 10,521,000
Total revenues 663,763,000 529,280,000 489,852,000
Expenses:      
Interest expense 153,181,000 98,596,000 121,375,000
Property operating expenses 80,803,000 44,001,000 41,063,000
Depreciation and amortization 189,255,000 143,295,000 131,334,000
General and administrative 54,626,000 49,691,000 47,193,000
Transaction costs 46,660,000    
Realized loss of derivatives     23,393,000
Loss (gain) on extinguishment of debt 34,171,000 25,107,000 (2,094,000)
Provision for loan losses 29,684,000 23,261,000 94,000
Total expenses 588,380,000 383,951,000 362,358,000
Income from continuing operations before income taxes and income from unconsolidated joint ventures 75,383,000 145,329,000 127,494,000
Income tax (expense) benefit (364,000) (168,000) (1,306,000)
Income from unconsolidated joint ventures 6,673,000    
Income from continuing operations 81,692,000 145,161,000 126,188,000
Discontinued operations:      
Gain (loss) on sales of properties 36,115,000 43,394,000 163,933,000
Impairment of assets (947,000) (25,223,000) (32,648,000)
Income (loss) from discontinued operations, net 12,024,000 29,595,000 25,952,000
Discontinued operations, net 47,192,000 47,766,000 157,237,000
Net income 128,884,000 192,927,000 283,425,000
Less: Preferred stock dividends 21,645,000 22,079,000 23,201,000
Net income (loss) attributable to noncontrolling interests 357,000 (342,000) 126,000
Net income attributable to common stockholders $ 106,882,000 $ 171,190,000 $ 260,098,000
Average number of common shares outstanding:      
Basic 127,656 114,207 93,732
Diluted 128,208 114,612 94,309
Basic:      
Income from continuing operations attributable to common stockholders $ 0.47 $ 1.08 $ 1.10
Discontinued operations, net $ 0.37 $ 0.42 $ 1.68
Net income attributable to common stockholders $ 0.84 [1] $ 1.50 [1] $ 2.77 [1]
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.47 $ 1.08 $ 1.09
Discontinued operations, net $ 0.37 $ 0.42 $ 1.67
Net income attributable to common stockholders $ 0.83 [1] $ 1.49 [1] $ 2.76 [1]
[1] Amounts may not sum due to rounding