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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flow from operating activities:      
Net loss $ (19,397) $ (247,721) $ (403,640)
Adjustments to reconcile net loss to net cash flow provided by operating activities:      
Depreciation and amortization 230,332 227,304 233,967
Stock-based compensation 7,439 6,459 20,398
Amortization of deferred finance costs and settled interest rate protection agreements 14,737 13,269 10,894
Accretion of convertible debt discount 14,914 8,204 12,238
Loss (gain) on debt retirement, net 89 (485) (145,050)
Gain (loss) on equity derivative instruments (21,926) 40,157 199,797
Settlement of accreted debt discount on repurchase of senior convertible notes (9,937) (8,358) (17,560)
Net cash paid from interest rate hedging contracts (2,285)    
Equity in net income (loss) of joint ventures (13,734) (5,600) 9,733
Impairment of joint venture investments 2,921 227 184,584
Net gain on change of control of interests and sale of interests (29,886) (5,221) (23,865)
Gain on sale of joint venture stock     (2,824)
Cash distributions from joint ventures 9,424 7,334 10,889
(Gain) loss on disposition of real estate (47,242) (7,093) 14,900
Impairment charges and loan loss reserves 130,844 171,900 160,112
Change in notes receivable interest reserve (1,784) (3,005) (9,683)
Change in restricted cash (4,317) (10,876) (12,980)
Net change in accounts receivable 7,358 21,045 13,902
Net change in accounts payable and accrued expenses 1,760 4,323 (11,691)
Net change in other operating assets and liabilities 3,885 66,261 (15,186)
Total adjustments 292,592 525,845 632,575
Net cash flow provided by operating activities: 273,195 278,124 228,935
Cash flow from investing activities:      
Proceeds from disposition of real estate 344,231 156,374 348,176
Real estate developed or acquired, net of liabilities assumed (217,861) (164,391) (208,768)
Equity contributions to joint ventures (7,719) (30,311) (28,115)
Repayments (issuances) of joint venture advances, net 22,378 442 (1,650)
Distributions of proceeds from sale and refinancing of joint venture interests 21,911 24,339 7,442
Return of investments in joint ventures 9,466 22,094 19,565
Issuance of notes receivable (10,000) (62,958) (1,885)
Repayment of notes receivable 33,208    
Decrease in restricted cash - capital improvements 5,082 86,173 16,119
Net cash flow provided by investing activities 200,696 31,762 150,884
Cash flow from financing activities:      
Repayments of revolving credit facilities, net (138,098) (492,224) (270,692)
Proceeds from issuance of senior notes, net of underwriting commissions and offering expenses of $350, $1,183 and $200 in 2011, 2010 and 2009, respectively 295,495 933,370 294,685
Repayment of senior notes (207,858) (541,606) (854,720)
Proceeds from mortgages and other secured debt 186,956 23,686 699,221
Repayment of term loans and mortgage debt (499,767) (601,678) (497,632)
Payment of debt issuance costs (13,993) (13,773) (20,634)
Redemption of preferred shares (180,000)    
Proceeds from issuance of common shares, net of underwriting commissions and offering expenses of $835, $998 and $459 in 2011, 2010 and 2009, respectively 129,684 440,430 317,505
Proceeds from issuance of common shares related to the exercise of warrants 59,978    
Purchase of common shares in conjunction with equity award plans (6,655) (1,763) (3,079)
Contributions from non-controlling interests 374 746 8,271
Distributions to non-controlling interest and redeemable operating partnership units (2,250) (2,886) (1,984)
Dividends paid (75,720) (61,367) (52,289)
Net cash used for financing activities (451,854) (317,065) (381,348)
Cash and cash equivalents      
Increase (decrease) in cash and cash equivalents 22,037 (7,179) (1,529)
Effect of exchange rate changes on cash and cash equivalents (247) 423 (1,793)
Cash and cash equivalents, beginning of year 19,416 26,172 29,494
Cash and cash equivalents, end of year $ 41,206 $ 19,416 $ 26,172