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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net loss $ (89,778) $ (37,410) $ (211,272)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 168,288 172,301 185,208
Gains on sales of properties (6,557) (14,613) (9,134)
Debt satisfaction (gains) charges, net 311 (3,590) (29,872)
Impairment charges and loan losses 117,443 56,940 101,166
Straight-line rents (1,763) 862 (240)
Other non-cash (income) charges, net (6,364) (7,912) (7,192)
Equity in (earnings) losses of non-consolidated entities (30,334) (21,741) 123,176
Distributions of accumulated earnings from non-consolidated entities, net 11,549 3,233 4,707
Deferred taxes, net (1,799) 489 196
Increase (decrease) in accounts payable and other liabilities 1,589 5,186 1,175
Change in rent receivable and prepaid rent, net 19,929 12,272 2,519
Increase (decrease) in accrued interest payable (970) 2,921 (4,605)
Other adjustments, net (1,407) (4,187) 3,475
Net cash provided by operating activities: 180,137 164,751 159,307
Cash flows from investing activities:      
Investment in real estate, including intangible assets and capital leases (127,992) (52,324) (45,122)
Net proceeds from sale of properties 124,039 80,224 113,139
Principal payments received on loans receivable 46,867 12,480 12,886
Investment in loans receivable (32,591) (40,632) 0
Investments in and advances to non-consolidated entities, net (19,940) (11,258) 4,765
Proceeds from sale of interest in non-consolidated entity 0 112 0
Distributions from non-consolidated entities in excess of accumulated earnings 5,900 1,356 16,241
Increase in deferred leasing costs (15,870) (5,129) (8,641)
Change in escrow deposits and restricted cash (3,405) (8,282) 9,248
Proceeds from the sale of marketable equity and debt securities 0 0 9,451
Real estate deposits (1,821) (1,330) 0
Net cash provided by (used in) investing activities (24,813) (24,783) 111,967
Cash flows from financing activities:      
Dividends to common and preferred shareholders (94,861) (77,252)  
Repurchase of exchangeable notes 0 (25,493)  
Proceeds from convertible notes 0 115,000  
Principal amortization payments (31,068) (33,781)  
Principal payments on debt, excluding normal amortization (105,266) (331,295)  
Change in revolving credit facility borrowing, net 0 (7,000) (18,000)
Increase in deferred financing costs (4,214) (5,760) (5,317)
Proceeds of mortgages and notes payable 15,000 59,769 11,540
Proceeds from term loans 0 0 165,000
Contributions from noncontrolling interests 2 4,854 1,756
Cash distributions to noncontrolling interests (5,811) (8,356) (3,485)
Repurchase of preferred shares (15,456) 0 0
Receipts (payments) on forward equity commitment, net (2,313) 1,473 (2,262)
Swap termination costs 0 0 (366)
Exercise of employee common share options 777 50 0
Issuance of common shares, net 98,953 166,602 20,026
Net cash used in financing activities (144,257) (141,189) (285,207)
Change in cash and cash equivalents 11,067 (1,221) (13,933)
Cash and cash equivalents, at beginning of year 52,644 53,865 67,798
Cash and cash equivalents, at end of year $ 63,711 $ 52,644 $ 53,865