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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Investment in real estate  
Land$ 4,110,275$ 3,650,324
Depreciable property15,226,51213,893,521
Projects under development130,337668,979
Land held for development235,247252,320
Investment in real estate19,702,37118,465,144
Accumulated depreciation(4,337,357)(3,877,564)
Investment in real estate, net15,365,01414,587,580
Cash and cash equivalents431,408193,288
Investments in unconsolidated entities3,1676,995
Deposits - restricted180,987352,008
Escrow deposits - mortgage12,59317,292
Deferred financing costs, net42,03346,396
Other assets148,992213,956
Total assets16,184,19415,417,515
Liabilities:  
Mortgage notes payable4,762,8964,783,446
Notes, net5,185,1804,609,124
Lines of credit00
Accounts payable and accrued expenses39,45258,537
Accrued interest payable98,631101,849
Other liabilities304,202272,236
Security deposits60,81259,264
Distributions payable140,905100,266
Total liabilities10,592,0789,984,722
Commitments and contingencies  
Redeemable Noncontrolling Interests - Operating Partnership383,540258,280
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, 2010 and 1,950,925 shares issued and outstanding as of December 31, 2009200,000208,773
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 290,197,242 shares issued and outstanding as of December 31, 2010 and 279,959,048 shares issued and outstanding as of December 31, 20092,9022,800
Paid in capital4,741,5214,477,426
Retained earnings203,581353,659
Accumulated other comprehensive (loss) income(57,818)4,681
Total shareholders' equity5,090,1865,047,339
Noncontrolling Interests:  
Operating Partnership110,399116,120
Partially Owned Properties7,99111,054
Total Noncontrolling Interests118,390127,174
Total equity5,208,5765,174,513
Total liabilities and equity$ 16,184,194$ 15,417,515