XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Real estate:    
Land $ 3,346,202 $ 3,315,521
Buildings and improvements 11,460,239 11,230,813
Furniture, fixtures and equipment 357,527 343,802
Total Capitalized Cost 15,163,968 14,890,136
Less accumulated depreciation (2,608,172) (2,503,902)
Net operating real estate 12,555,796 12,386,234
Construction in progress, including land 1,646,361 1,583,120
Land held for development 250,204 300,364
Operating real estate assets held for sale, net   14,491
Total real estate, net 14,452,361 14,284,209
Cash and cash equivalents 386,190 281,541
Cash in escrow 90,663 98,481
Resident security deposits 27,232 26,672
Investments in unconsolidated real estate entities 353,510 367,866
Deferred financing costs, net 42,181 40,677
Deferred development costs 34,305 31,592
Prepaid expenses and other assets 183,797 197,105
Total assets 15,570,239 15,328,143
LIABILITIES AND EQUITY    
Unsecured notes, net 2,844,917 2,594,709
Mortgage notes payable 3,536,881 3,550,682
Dividends payable 150,309 138,476
Payables for construction 94,133 94,472
Accrued expenses and other liabilities 241,148 243,045
Accrued interest payable 33,285 43,353
Resident security deposits 46,493 45,485
Liabilities related to real estate assets held for sale   874
Total liabilities 6,947,166 6,711,096
Redeemable noncontrolling interests 16,002 17,320
Equity:    
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at both March 31, 2014 and December 31, 2013; zero shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively      
Common stock, $0.01 par value; 280,000,000 shares authorized at March 31, 2014 and December 31, 2013; 129,572,864 and 129,416,695 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 1,296 1,294
Additional paid-in capital 9,002,260 8,988,723
Accumulated earnings less dividends (353,029) (345,254)
Accumulated other comprehensive loss (47,058) (48,631)
Total stockholders' equity 8,603,469 8,596,132
Noncontrolling interest 3,602 3,595
Total equity 8,607,071 8,599,727
Total liabilities and equity $ 15,570,239 $ 15,328,143