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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Operating activities      
Net income $ 128,884,000 $ 192,927,000 $ 283,425,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization 202,543,000 164,923,000 163,045,000
Other amortization expenses 17,169,000 15,412,000 14,837,000
Provision for loan losses 29,684,000 23,261,000 94,000
Impairment of assets 947,000 25,223,000 32,648,000
Stock-based compensation expense 11,823,000 9,633,000 8,530,000
Loss (gain) on extinguishment of debt 34,171,000 25,107,000 (2,094,000)
Income from unconsolidated joint ventures (6,673,000)    
Rental income less than (in excess of) cash received (6,594,000) 11,259,000 7,793,000
Amortization related to above (below) market leases, net (2,856,000) (1,713,000) (1,039,000)
Loss (gain) on sales of properties (36,115,000) (43,394,000) (163,933,000)
Other income less than (in excess of) cash received   (5,000,000)  
Deferred gain on sales of properties     3,708,000
Increase (decrease) in accrued expenses and other liabilities 12,293,000 (311,000) 17,363,000
Decrease (increase) in receivables and other assets (20,535,000) (36,068,000) (3,694,000)
Net cash provided from (used in) operating activities 364,741,000 381,259,000 360,683,000
Investing activities      
Investment in real property, net of cash acquired (2,074,176,000) (598,959,000) (1,072,376,000)
Capitalized interest (20,792,000) (41,170,000) (25,029,000)
Investment in real estate loans receivable (97,265,000) (74,417,000) (83,109,000)
Other investments, net of payments (133,894,000) (22,133,000) (21,725,000)
Principal collected on real estate loans receivable 43,495,000 111,779,000 18,169,000
Contributions to unconsolidated joint ventures (196,413,000)    
Distributions by unconsolidated joint ventures 103,000    
Decrease (increase) in restricted cash (52,124,000) 130,833,000 (138,502,000)
Proceeds from sales of real property 219,027,000 224,007,000 287,047,000
Net cash provided from (used in) investing activities (2,312,039,000) (270,060,000) (1,035,525,000)
Financing activities      
Net increase (decrease) under unsecured lines of credit arrangements 160,000,000 (430,000,000) 263,000,000
Proceeds from issuance of senior unsecured convertible notes 1,821,683,000    
Payments to extinguish senior unsecured notes (495,542,000) (201,048,000) (42,330,000)
Net proceeds from the issuance of secured debt 154,306,000 276,277,000  
Payments on secured debt (217,711,000) (107,736,000) (58,594,000)
Net proceeds from the issuance of common stock 995,438,000 704,533,000 782,285,000
Decrease (increase) in deferred loan expenses (3,869,000) (7,431,000) (348,000)
Contributions by noncontrolling interests 2,611,000 2,255,000 3,556,000
Distributions to noncontrolling interests (3,301,000) (2,104,000) (2,766,000)
Cash distributions to stockholders (370,223,000) (333,839,000) (276,860,000)
Net cash provided from (used in) financing activities 2,043,392,000 (99,093,000) 667,943,000
Increase (decrease) in cash and cash equivalents 96,094,000 12,106,000 (6,899,000)
Cash and cash equivalents at beginning of period 35,476,000 23,370,000 30,269,000
Cash and cash equivalents at end of period 131,570,000 35,476,000 23,370,000
Supplemental cash flow information:      
Interest paid 156,207,000 143,697,000 156,914,000
Income taxes paid $ 319,000 $ 854,000 $ 1,789,000