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Real Estate (Tables)
9 Months Ended
Sep. 30, 2012
Real Estate (Tables) [Abstract]  
Table of Real Estate Owned
 
 
September 30,
2012
 
December 31,
2011
Land
 
$
4,609,337

 
$
4,367,816

Depreciable property:
 
 
 
 
Buildings and improvements
 
14,580,915

 
14,262,616

Furniture, fixtures and equipment
 
1,362,224

 
1,292,124

Projects under development:
 
 
 
 
Land
 
76,250

 
75,646

Construction-in-progress
 
118,004

 
84,544

Land held for development:
 
 
 
 
Land
 
350,102

 
299,096

Construction-in-progress
 
54,744

 
26,104

Investment in real estate
 
21,151,576

 
20,407,946

Accumulated depreciation
 
(4,880,808
)
 
(4,539,583
)
Investment in real estate, net
 
$
16,270,768

 
$
15,868,363

Acquired Properties Table
 
 
Properties
 
Apartment Units
 
Purchase Price
Rental Properties – Consolidated
 
9

 
1,896

 
$
906,305

Land Parcels (five)
 

 

 
62,240

Total
 
9

 
1,896

 
$
968,545


Disposed Properties Table
 
 
Properties
 
Apartment Units
 
Sales Price
Rental Properties – Consolidated
 
20

 
5,337

 
$
616,904

Total
 
20

 
5,337

 
$
616,904