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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flow from operating activities:    
Net income $ 187,810 $ 123,780
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 129,296 127,042
Impairment charges 99,952 81,546
Gain on sale of operating properties (30,907) (5,446)
Equity in income of joint ventures, net (98,286) (83,616)
Gains on change in control of interests (69,342) (21,711)
Equity in income from other real estate investments, net (10,367) (19,363)
Distributions from joint ventures and other real estate investments 125,694 82,245
Change in accounts and notes receivable 2,178 11,142
Change in accounts payable and accrued expenses (1,294) 6,755
Change in other operating assets and liabilities (8,637) (36,846)
Net cash flow provided by operating activities 326,097 265,528
Cash flow from investing activities:    
Acquisition of operating real estate (362,160) (145,303)
Improvements to operating real estate (52,875) (49,497)
Improvements to real estate under development (107) (326)
Investment in marketable securities (4,556) (33,588)
Proceeds from sale/repayments of marketable securities 219 10,758
Investments and advances to real estate joint ventures (46,644) (239,903)
Reimbursements of investments and advances to real estate joint ventures 113,757 295,186
Investment in other real estate investments (1,372) (23,227)
Reimbursements of investments and advances to other real estate investments 12,907 1,200
Investment in mortgage loans receivable   (11,017)
Collection of mortgage loans receivable 7,115 8,779
Investment in other investments   (21,366)
Reimbursements of other investments   463
Proceeds from sale of operating properties 161,737 110,389
Net cash flow used for investing activities (171,979) (97,452)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (233,800) (66,206)
Principal payments on rental property debt (11,060) (12,094)
Proceeds from mortgage loan financings   17,374
Proceeds/(repayments) under unsecured revolving credit facility, net 143,060 (62,966)
Proceeds from issuance of unsecured term loan/notes 500,000 428,118
Repayments under unsecured term loan/notes (294,570) (253,225)
Financing origination costs (11,911) (6,096)
Redemption of/distributions to noncontrolling interests, net (1,059) (27,184)
Dividends paid (213,699) (199,164)
Proceeds from issuance of stock 12,336 27,942
Net cash flow used for financing activities (110,703) (153,501)
Change in cash and cash equivalents 43,415 14,575
Cash and cash equivalents, beginning of period 148,768 141,875
Cash and cash equivalents, end of period 192,183 156,450
Interest paid during the period (net of capitalized interest of $737 and $579, respectively) 102,478 108,906
Income taxes paid during the period $ 10,465 $ 798