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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities:    
Net Income (Loss) $ 97,446 $ (15,831)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 110,300 118,833
Amortization of deferred financing costs and debt discount 386 5,072
Impairment loss 15,410 72,739
Equity in losses (earnings) of real estate joint ventures and partnerships, net 6,715 (3,942)
Gain on acquisition (1,869) (4,559)
Gain on sale of property (50,583) (2,174)
Gain on sale of real estate joint venture and partnership interests (5,562) 0
Distributions of income from real estate joint ventures and partnerships, net 2,160 1,775
Changes in accrued rent and accounts receivable, net 2,095 9,270
Changes in other assets, net (17,740) (17,856)
Changes in accounts payable, accrued expenses and other liabilities, net (7,021) (18,853)
Other, net 10,472 8,211
Net cash provided by operating activities 162,209 152,685
Cash Flows from Investing Activities:    
Acquisition of real estate and land (196,801) (48,238)
Development and capital improvements (68,345) (66,384)
Proceeds from sale of property and real estate equity investments, net 480,502 52,549
Change in restricted deposits and mortgage escrows 50 (668)
Notes receivable from real estate joint ventures and partnerships and other receivables:    
Advances (6,468) (2,756)
Collections 74,296 14,980
Real estate joint ventures and partnerships:    
Investments (8,445) (18,583)
Distributions of capital 31,910 13,714
Proceeds from tax increment revenue bonds 0 16,545
Net cash provided by (used in) investing activities 306,699 (38,841)
Proceeds from issuance of:    
Debt 0 215,750
Common shares of beneficial interest, net 4,753 3,935
Principal payments of debt (412,091) (317,559)
Changes in unsecured revolving credit facilities 83,500 115,300
Common and preferred dividends paid (130,105) (124,277)
Debt issuance costs paid (1,735) (3,850)
Distributions to noncontrolling interests (10,119) (9,562)
Contributions from noncontrolling interests 2,123 3,717
Other, net 213 (976)
Net cash used in financing activities (463,461) (117,522)
Net increase (decrease) in cash and cash equivalents 5,447 (3,678)
Cash and cash equivalents at January 1 13,642 [1] 23,859
Cash and cash equivalents at September 30 19,089 [1] 20,181
Interest paid during the period (net of amount capitalized of $2,394 and $1,485 respectively) 98,024 117,388
Income taxes paid during the period $ 1,548 $ 1,578
[1] * Consolidated Variable Interest Entities’ Assets and Liabilities included in the above balances (See Note 17):