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Equity
3 Months Ended
Mar. 31, 2012
Equity [Abstract]  
EQUITY

10. EQUITY

Common Shares

In January 2012, the Company entered into forward sale agreements with respect to 18,975,000 of its common shares at an initial price to the Company of $12.432 per share. Subject to the Company’s right to elect cash or net share settlement, the Company expects to physically settle the forward sale agreements on or about June 29, 2012. The Company expects to use the net proceeds to fund its investment in the joint venture with an affiliate of Blackstone and for other corporate purposes.

Common share dividends declared were $0.12 and $0.04 per share for the three-month periods ended March 31, 2012 and 2011, respectively.