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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (156,967) $ (79,845) $ 109,984
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation 178,353 188,123 166,444
Net amortization of debt discounts, premiums and deferred financing fees 81 3,405 6,943
Straight line rental income (31,229) (38,812) (31,474)
Amortization of acquired real estate leases 59,274 60,176 48,441
Other amortization 18,850 19,955 16,744
Loss on asset impairment 227,122 168,632 10,355
Loss on early extinguishment of debt 61,063 1,895 35
Equity in earnings of investees (25,754) (11,420) (11,377)
Gain on issuance of shares by an equity investee   (7,246) (11,177)
Gain on sale of equity investment (66,293)    
Distributions of earnings from investees 23,911 10,835 11,238
Net loss (gain) on sale of properties 20,566 (2,039) (42,752)
Change in assets and liabilities:      
Restricted cash (1,832) (6,216) (2,787)
Rents receivable and other assets (57,039) (38,801) (31,362)
Accounts payable and accrued expenses (14,333) 6,034 12,589
Rent collected in advance 125 (1,104) 8,479
Security deposits 611 1,548 1,933
Due to related persons (1,858) 1,663 1,076
Cash provided by operating activities 234,651 276,783 263,332
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions (154,370) (631,279) (768,060)
Real estate improvements (114,451) (131,300) (100,339)
Investment in direct financing lease, net     (38,635)
Principal payments received from direct financing lease 6,970 6,645 5,256
Principal payments received from real estate mortgages receivable 1,000   8,183
Proceeds from sale of properties, net 224,976 9,643 264,284
Proceeds from sale of equity investment, net 239,576    
Distributions in excess of earnings from investees 168 5,981 5,379
Investment in Affiliates Insurance Company   (5,335)  
Increase in restricted cash (3,685) (2,541)  
Deconsolidation of a subsidiary (12,286)    
Cash provided by (used in) investing activities 187,898 (748,186) (623,932)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common shares, net 626,809 363,657 264,056
Proceeds from issuance of preferred shares, net     265,391
Redemption of preferred shares   (150,000)  
Repurchase and retirement of outstanding debt securities (728,021)    
Proceeds from borrowings 1,036,000 1,702,500 1,007,000
Payments on borrowings (1,065,432) (1,312,982) (975,030)
Deferred financing fees (1,204) (15,117) (7,131)
Distributions to common shareholders (109,702) (146,539) (150,074)
Distributions to preferred shareholders (44,604) (52,710) (44,405)
Distributions to noncontrolling interest in consolidated subsidiary (14,863) (8,386)  
Cash (used in) provided by financing activities (301,017) 380,423 359,807
Effect of exchange rate changes on cash (1,302) 436 (484)
Increase (decrease) in cash and cash equivalents 120,230 (90,544) (1,277)
Cash and cash equivalents at beginning of year 102,219 192,763 194,040
Cash and cash equivalents at end of year 222,449 102,219 192,763
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid 192,010 204,772 186,774
Taxes paid 1,303 779 966
NON-CASH INVESTING ACTIVITIES:      
Real estate acquisitions   (370,139) (321,235)
Investment in real estate mortgages receivable (7,688) (1,419)  
Net assets transferred to Select Income REIT 492,736    
NON-CASH FINANCING ACTIVITIES:      
Issuance of common shares 1,537 1,124 1,039
Assumption of mortgage notes payable   359,213 321,235
Liabilities assumed   10,926  
Assumption of note payable     $ 4,059