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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2010
Discontinued Operations (Tables) [Abstract] 
Components of discontinued operations
                         
    Year Ended December 31,  
    2010     2009     2008  

REVENUES

                       

Rental income

  $ 281,256     $ 367,812     $ 503,542  
   

 

 

   

 

 

   

 

 

 

Total revenues

    281,256       367,812       503,542  
   

 

 

   

 

 

   

 

 

 

EXPENSES (1)

                       

Property and maintenance

    113,210       142,077       195,444  

Real estate taxes and insurance

    22,538       33,864       44,270  

Property management

    —         —         (62

Depreciation

    57,619       78,972       104,575  

General and administrative

    42       43       35  
   

 

 

   

 

 

   

 

 

 

Total expenses

    193,409       254,956       344,262  
   

 

 

   

 

 

   

 

 

 

Discontinued operating income

    87,847       112,856       159,280  

Interest and other income

    654       127       518  

Other expenses

    —         (10     —    

Interest (2):

                       

Expense incurred, net

    (9,928     (11,423     (15,279

Amortization of deferred financing costs

    (281     (795     (119

Income and other tax (expense) benefit

    (86     1,073       1,797  
   

 

 

   

 

 

   

 

 

 

Discontinued operations

    78,206       101,828       146,197  

Net gain on sales of discontinued operations

    297,956       335,299       392,857  
   

 

 

   

 

 

   

 

 

 

Discontinued operations, net

  $ 376,162     $ 437,127     $ 539,054  
   

 

 

   

 

 

   

 

 

 

 

(1) Includes expenses paid in the current period for properties sold or held for sale in prior periods related to the Company’s period of ownership.
(2) Includes only interest expense specific to secured mortgage notes payable for properties sold and/or held for sale.