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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 45,160 $ 66,576
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 90,680 80,722
Net amortization of debt discounts, premiums and deferred financing fees 1,751 3,952
Straight line rental income (17,991) (16,017)
Amortization of acquired real estate leases 29,422 20,145
Other amortization 9,815 8,094
Loss on early extinguishment of debt 1,675  
Equity in earnings of investees (5,787) (5,622)
Distributions of earnings from investees 5,592 5,539
Net gain on sale of properties (350) (34,572)
Change in assets and liabilities:    
Increase in restricted cash (4,339) (27)
Increase in rents receivable and other assets (17,943) (8,407)
Increase in accounts payable and accrued expenses 2,429 4,964
(Decrease) increase in rent collected in advance (5,493) 2,602
Increase in security deposits 713 772
Increase in due to related persons 3,369 2,622
Cash provided by operating activities 138,703 131,343
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (253,710) (499,490)
Real estate improvements (50,636) (41,264)
Investment in direct financing lease, net   (38,635)
Principal payments received from direct financing lease 3,283 2,050
Principal payments received from real estate mortgage receivable   209
Proceeds from sale of properties, net 338 97,362
Distributions in excess of earnings from investees 2,766 2,720
Investment in Affiliates Insurance Company (5,335)  
Increase in restricted cash (2,121)  
Cash used in investing activities (305,415) (477,048)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares, net 180,814  
Proceeds from issuance of preferred shares, net   265,804
Proceeds from borrowings 444,500 485,000
Payments on borrowings (395,250) (454,596)
Deferred financing fees (6,049) (273)
Distributions to common shareholders (83,722) (72,139)
Distributions to preferred shareholders (27,466) (17,679)
Cash provided by financing activities 112,827 206,117
Effect of exchange rate changes on cash (73) 583
Decrease in cash and cash equivalents (53,958) (139,005)
Cash and cash equivalents at beginning of period 192,763 194,040
Cash and cash equivalents at end of period 138,805 55,035
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 99,227 91,033
Taxes paid 536 381
NON-CASH INVESTING ACTIVITIES:    
Real estate acquisitions (176,884) (60,294)
Investment in real estate mortgages receivable (1,419)  
NON-CASH FINANCING ACTIVITIES:    
Issuance of common shares 187 265
Assumption of mortgage notes payable 176,884 56,235
Assumption of note payable   $ 4,059