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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 24,574 $ 46,612
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 44,443 41,457
Net amortization of debt discounts, premiums and deferred financing fees 746 2,032
Straight line rental income (8,092) (7,381)
Amortization of acquired real estate leases 14,411 9,573
Other amortization 4,793 4,230
Loss on early extinguishment of debt 67  
Equity in earnings of investees (2,958) (2,712)
Distributions of earnings from investees 2,913 2,675
Net gain on sale of properties   (34,572)
Change in assets and liabilities:    
Increase in restricted cash (782) (448)
Increase in rents receivable and other assets (23,170) (28,627)
Decrease in accounts payable and accrued expenses (20,630) (10,615)
(Decrease) increase in rent collected in advance (3,781) 229
Increase in security deposits 245 219
Increase in due to related persons 2,372 2,493
Cash provided by operating activities 35,151 25,165
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (91,535) (295,919)
Real estate improvements (26,430) (14,503)
Investment in direct financing lease, net   (38,635)
Principal payments received from direct financing lease 1,632 476
Principal payments received from real estate mortgage receivable   70
Proceeds from sale of properties, net   97,362
Distributions in excess of earnings from investees 1,266 1,405
Increase in restricted cash (8,544)  
Cash used in investing activities (123,611) (249,744)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares, net 180,954  
Proceeds from borrowings 338,500 295,000
Payments on borrowings (369,082) (194,318)
Deferred financing fees (5,767)  
Distributions to common shareholders (41,861) (36,070)
Distributions to preferred shareholders (13,643) (8,839)
Cash provided by financing activities 89,101 55,773
Effect of exchange rate changes on cash 183 155
Increase (decrease) in cash and cash equivalents 824 (168,651)
Cash and cash equivalents at beginning of period 192,763 194,040
Cash and cash equivalents at end of period 193,587 25,389
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 66,971 58,306
Taxes paid 34 160
NON-CASH INVESTING ACTIVITIES:    
Real estate acquisitions (147,872) (4,059)
NON-CASH FINANCING ACTIVITIES:    
Assumption of mortgage note payable 147,872  
Assumption of note payable   $ 4,059