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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investment in real estate    
Land $ 6,264,787 $ 4,554,912
Depreciable property 19,568,973 15,711,944
Projects under development 585,749 387,750
Land held for development 569,398 353,823
Real Estate Investment Property, at Cost 26,988,907 21,008,429
Real Estate Investment Property, Accumulated Depreciation (4,547,327) (4,912,221)
Investment in real estate, net 22,441,580 16,096,208
Cash and cash equivalents 152,564 612,590
Investments in unconsolidated entities 188,582 17,877
Deposits - restricted 197,267 250,442
Escrow deposits - mortgage 41,357 9,129
Deferred financing costs, net 71,013 44,382
Other assets 390,020 170,372
Total assets 23,482,383 17,201,000
Liabilities:    
Mortgage notes payable 6,247,612 3,898,369
Notes, net 5,475,954 4,630,875
Lines of credit 0 0
Accounts payable and accrued expenses 84,603 38,372
Accrued interest payable 86,083 76,223
Other liabilities 318,622 304,518
Security deposits 71,857 66,988
Distributions payable 150,846 260,176
Total liabilities 12,435,577 9,275,521
Commitments and contingencies      
Redeemable Noncontrolling Interests - Operating Partnership 407,890 398,372
Shareholders' equity:    
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 1,000,000 shares issued and outstanding as of June 30, 2013 and December 31, 2012 50,000 50,000
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 360,312,049 shares issued and outstanding as of June 30, 2013 and 325,054,654 shares issued and outstanding as of December 31, 2012 3,603 3,251
Paid in capital 8,496,027 6,542,355
Retained earnings 1,939,598 887,355
Accumulated other comprehensive (loss) (166,844) (193,148)
Total shareholders' equity 10,322,384 7,289,813
Noncontrolling Interests:    
Operating Partnership 209,039 159,606
Noncontrolling Interests - Partially Owned Properties 107,493 77,688
Total Noncontrolling Interests 316,532 237,294
Total equity 10,638,916 7,527,107
Total liabilities and equity $ 23,482,383 $ 17,201,000