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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (79,845) $ 109,984 $ 135,409
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation 188,123 166,444 180,619
Net amortization of debt discounts, premiums and deferred financing fees 3,405 6,943 7,534
Straight line rental income (38,812) (31,474) (12,200)
Amortization of acquired real estate leases 60,176 48,441 34,032
Other amortization 19,955 16,744 16,324
Loss on asset impairment 168,632 10,355 129,264
Loss on early extinguishment of debt 1,895 35 1,044
Equity in earnings of investees (11,420) (11,377) (8,464)
Gain on issuance of shares by an equity investee (7,246) (11,177) (34,808)
Distributions of earnings from investees 10,835 11,238 8,465
Net gain on sale of properties (2,039) (42,752) (172,104)
Gain on asset acquisition     (20,392)
Change in assets and liabilities:      
Restricted cash (6,216) (2,787) 6,580
Rents receivable and other assets (38,801) (31,362) (22,580)
Accounts payable and accrued expenses 6,034 12,589 3,129
Rent collected in advance (1,104) 8,479 (1,200)
Security deposits 1,548 1,933 719
Due to related persons 1,663 1,076 683
Cash provided by operating activities 276,783 263,332 252,054
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions (631,279) (768,060) (895,549)
Real estate improvements (131,300) (100,339) (77,389)
Investment in direct financing lease, net   (38,635)  
Principal payments received from direct financing lease 6,645 5,256  
Principal payments received from real estate mortgage receivable   8,183 105
Proceeds from investment in marketable pass through certificates     8,000
Proceeds from sale of properties, net 9,643 264,284 603,800
Distributions in excess of earnings from investees 5,981 5,379 7,654
Investment in Affiliates Insurance Company (5,335)   (76)
Increase in restricted cash (2,541)    
Cash used in investing activities (748,186) (623,932) (353,455)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common shares, net 363,657 264,056 430,778
Proceeds from issuance of preferred shares, net   265,391  
Redemption of preferred shares (150,000)   (175,000)
Proceeds from borrowings 1,702,500 1,007,000 1,828,632
Payments on borrowings (1,312,982) (975,030) (1,618,101)
Deferred financing fees (15,117) (7,131) (13,055)
Distributions to common shareholders (146,539) (150,074) (126,237)
Distributions to preferred shareholders (52,710) (44,405) (49,656)
Distributions to noncontrolling interest in consolidated subsidiary (8,386)    
Purchase of noncontrolling equity interest     (2,500)
Cash provided by financing activities 380,423 359,807 274,861
Effect of exchange rate changes on cash 436 (484) 2,376
(Decrease) increase in cash and cash equivalents (90,544) (1,277) 175,836
Cash and cash equivalents at beginning of year 192,763 194,040 18,204
Cash and cash equivalents at end of year 102,219 192,763 194,040
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid 204,772 186,774 173,221
Taxes paid 779 966 690
NON-CASH INVESTING ACTIVITIES:      
Real estate acquisitions (370,139) (321,235)  
Investment in real estate mortgages receivable (1,419)   (8,288)
Working capital acquired     1,153
NON-CASH FINANCING ACTIVITIES:      
Issuance of common shares 1,124 1,039 896
Assumption of mortgage notes payable 359,213 321,235  
Liabilities assumed 10,926    
Assumption of note payable   4,059  
Common distributions declared     $ (26,863)