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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2012
Reportable Segments (Tables) [Abstracts]  
Reportable Segments Schedule
 
 
Quarter Ended March 31, 2012
 
 
Northeast
 
Northwest
 
Southeast
 
Southwest
 
Other (3)
 
Total
Rental income:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
$
174,263

 
$
95,751

 
$
91,757

 
$
112,186

 
$

 
$
473,957

Non-same store/other (2) (3)
 
20,378

 
10,166

 
4,770

 
13,930

 
2,394

 
51,638

Total rental income
 
194,641

 
105,917

 
96,527

 
126,116

 
2,394

 
525,595

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
66,000

 
33,303

 
36,170

 
37,581

 

 
173,054

Non-same store/other (2) (3)
 
4,583

 
5,469

 
1,664

 
4,662

 
2,343

 
18,721

Total operating expenses
 
70,583

 
38,772

 
37,834

 
42,243

 
2,343

 
191,775

NOI:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
108,263

 
62,448

 
55,587

 
74,605

 

 
300,903

Non-same store/other (2) (3)
 
15,795

 
4,697

 
3,106

 
9,268

 
51

 
32,917

Total NOI
 
$
124,058

 
$
67,145

 
$
58,693

 
$
83,873

 
$
51

 
$
333,820

 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
6,458,496

 
$
2,931,942

 
$
2,483,091

 
$
3,392,065

 
$
1,215,653

 
$
16,481,247

 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
$
9,843

 
$
6,506

 
$
7,440

 
$
5,419

 
$
1,017

 
$
30,225

 
(1)
Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2011, less properties subsequently sold, which represented 105,612 apartment units.
(2)
Non-same store primarily includes properties acquired after January 1, 2011, plus any properties in lease-up and not stabilized as of January 1, 2011.
(3)
Other includes development and other corporate operations.
 
 
Quarter Ended March 31, 2011
 
 
Northeast
 
Northwest
 
Southeast
 
Southwest
 
Other (3)
 
Total
Rental income:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
$
164,859

 
$
88,197

 
$
88,061

 
$
108,115

 
$

 
$
449,232

Non-same store/other (2) (3)
 
7,658

 
899

 
2,924

 
3,715

 
122

 
15,318

Total rental income
 
172,517

 
89,096

 
90,985

 
111,830

 
122

 
464,550

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
65,195

 
32,279

 
35,496

 
37,047

 

 
170,017

Non-same store/other (2) (3)
 
2,486

 
268

 
1,134

 
1,927

 
3,735

 
9,550

Total operating expenses
 
67,681

 
32,547

 
36,630

 
38,974

 
3,735

 
179,567

NOI:
 
 
 
 
 
 
 
 
 
 
 
 
Same store (1)
 
99,664

 
55,918

 
52,565

 
71,068

 

 
279,215

Non-same store/other (2) (3)
 
5,172

 
631

 
1,790

 
1,788

 
(3,613
)
 
5,768

Total NOI
 
$
104,836

 
$
56,549

 
$
54,355

 
$
72,856

 
$
(3,613
)
 
$
284,983

 
(1)
Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2011, less properties subsequently sold, which represented 105,612 apartment units.
(2)
Non-same store primarily includes properties acquired after January 1, 2011, plus any properties in lease-up and not stabilized as of January 1, 2011.
Reconciliation of NOI
 
 
Quarter Ended March 31,
 
 
2012
 
2011
Rental income
 
$
525,595

 
$
464,550

Property and maintenance expense
 
(112,379
)
 
(105,047
)
Real estate taxes and insurance expense
 
(55,987
)
 
(52,139
)
Property management expense
 
(23,409
)
 
(22,381
)
Total operating expenses
 
(191,775
)
 
(179,567
)
Net operating income
 
$
333,820

 
$
284,983