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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 9,897$ 11,861
Adjustments to reconcile net income to net cash from operating activities:  
Depreciation and amortization, including discontinued operations136,733129,419
Gain on sale of properties, including land(4,748)(236)
Gain on sale of unconsolidated joint venture interests(1,136) 
Gain on sale of available-for sale investment(4,301) 
Loss on discontinuation of hedging relationship29,791 
Distributions of income from joint ventures3,6733,870
Equity in (income) loss of joint ventures166[1]785[1]
Share-based compensation9,2548,502
Amortization of deferred financing costs4,7612,624
Net change in operating accounts and other16,70721,636
Net cash from operating activities200,797178,461
Cash flows from investing activities  
Development and capital improvements(155,077)(43,927)
Proceeds from sale of joint venture interests19,310 
Proceeds from sale of properties, including land19,095937
Proceeds from sale of available-for-sale investment4,510 
Decrease in notes receivable - affiliates3,279537
Investments in joint ventures(35,280)(5,094)
Distributions of investments from joint ventures2,45328
Other(4,464)(2,540)
Net cash from investing activities(146,174)(50,059)
Cash flows from financing activities  
Borrowings on unsecured line of credit 37,000
Repayments on unsecured line of credit (37,000)
Repayment of notes payable(626,432)(192,247)
Proceeds from notes payable495,70557,601
Proceeds from issuance of common shares69,863134,617
Distributions to common shareholders, perpetual preferred units and noncontrolling interests(112,932)(101,052)
Payment of deferred financing costs(8,776)(6,528)
Common share options exercised11,2671,132
Net decrease in accounts receivable - affiliates5003,843
Other1,7061,147
Net cash from financing activities(169,099)(101,487)
Net increase (decrease) in cash and cash equivalents(114,476)26,915
Cash and cash equivalents, beginning of period170,57564,156
Cash and cash equivalents, end of period56,09991,071
Supplemental information  
Cash paid for interest, net of interest capitalized69,04387,116
Cash paid for income taxes1,9031,280
Supplemental schedule of noncash investing and financing activities  
Distributions declared but not paid39,31934,548
Value of shares issued under benefit plans, net of cancellations18,91214,465
Conversion of operating partnership units to common shares5922,132
Accrual associated with construction and capital expenditures12,5574,140
Conversion of mezzanine note to joint venture equity 28,944
Change in fair value of available-for-sale investments, net of tax 1,914
Consolidation of joint venture at fair value, net of cash:  
Real estate assets, net 92,726
In-place leases 1,193
Other assets 289
Mortgage debt assumed 52,144
Other liabilities $ 561
[1]Equity in income (loss) excludes our ownership interest of fee income from various property management services with our joint ventures.