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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investment in real estate    
Land $ 4,367,816 $ 4,110,275
Depreciable property 15,554,740 15,226,512
Projects under development 160,190 130,337
Land held for development 325,200 235,247
Investment in real estate 20,407,946 19,702,371
Accumulated depreciation (4,539,583) (4,337,357)
Investment in real estate, net 15,868,363 15,365,014
Cash and cash equivalents 383,921 431,408
Investments in unconsolidated entities 12,327 3,167
Deposits - restricted 152,237 180,987
Escrow deposits - mortgage 10,692 12,593
Deferred financing costs, net 44,608 42,033
Other assets 187,155 148,992
Total assets 16,659,303 16,184,194
Liabilities:    
Total Debt 4,111,487 4,762,896
Notes, net 5,609,574 5,185,180
Lines of credit 0 0
Accounts payable and accrued expenses 35,206 39,452
Accrued interest payable 88,121 98,631
Other liabilities 291,289 304,202
Security deposits 65,286 60,812
Distributions payable 179,079 140,905
Total liabilities 10,380,042 10,592,078
Commitments and contingencies      
Redeemable Noncontrolling Interests - Operating Partnership 416,404 383,540
Shareholders' equity:    
Preferred Shares of beneficial interest, 0.01 par value; 100,000,000 shares authorized; 1,600,000 shares issued and outstanding as of December 31, 2011 and December 31, 2010 200,000 200,000
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 297,508,185 shares issued and outstanding as of December 31, 2011 and 290,197,242 shares issued and outstanding as of December 31, 2010 2,975 2,902
Paid in capital 5,047,186 4,741,521
Retained earnings 615,572 203,581
Accumulated other comprehensive (loss) income (196,718) (57,818)
Total shareholders' equity 5,669,015 5,090,186
Noncontrolling Interests:    
Operating Partnership 119,536 110,399
Partially Owned Properties 74,306 7,991
Total Noncontrolling Interests 193,842 118,390
Total equity 5,862,857 5,208,576
Total liabilities and equity $ 16,659,303 $ 16,184,194