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Real Estate (Tables)
3 Months Ended
Mar. 31, 2012
Real Estate (Tables) [Abstract]  
Table of Real Estate Owned
 
 
March 31,
2012
 
December 31,
2011
Land
 
$
4,384,200

 
$
4,367,816

Depreciable property:
 
 
 
 
Buildings and improvements
 
14,294,619

 
14,262,616

Furniture, fixtures and equipment
 
1,311,696

 
1,292,124

Projects under development:
 
 
 
 
Land
 
76,112

 
75,646

Construction-in-progress
 
109,509

 
84,544

Land held for development:
 
 
 
 
Land
 
323,017

 
299,096

Construction-in-progress
 
37,938

 
26,104

Investment in real estate
 
20,537,091

 
20,407,946

Accumulated depreciation
 
(4,658,994
)
 
(4,539,583
)
Investment in real estate, net
 
$
15,878,097

 
$
15,868,363

Acquired Properties Table
 
 
Properties
 
Apartment Units
 
Purchase Price
Rental Properties – Consolidated
 
3

 
544

 
$
159,100

Land Parcels (two)
 

 

 
23,740

Total
 
3

 
544

 
$
182,840


Disposed Properties Table
 
 
Properties
 
Apartment Units
 
Sales Price
Rental Properties – Consolidated
 
3

 
1,522

 
$
206,350

Total
 
3

 
1,522

 
$
206,350