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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 271,157 $ 259,840
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 496,660 385,940
Amortization of deferred revenue and lease intangibles, net (13,630) (9,879)
Other non-cash amortization 909 (2,928)
Stock-based compensation 11,192 11,411
Straight-lining of rental income, net (16,761) (17,231)
(Gain) loss on extinguishment of debt, net (434) 2,665
Gain on real estate dispositions (including amounts in discontinued operations) (14,432) (14,142)
Gain on sale of marketable securities (5,800) 0
Income tax (benefit) expense (18,240) 6,407
Loss (income) from unconsolidated entities 242 (596)
Other 17,967 6,494
Changes in operating assets and liabilities:    
(Increase) decrease in other assets (9,711) 11,208
Increase in accrued interest 16,108 2,374
Decrease in accounts payable and other liabilities (17,503) (45,861)
Net cash provided by operating activities 717,724 595,702
Cash flows from investing activities:    
Net investment in real estate property (1,253,910) (271,526)
Investment in loans receivable and other (55,659) (44,488)
Proceeds from real estate disposals 273,191 52,350
Proceeds from loans receivable 93,275 5,980
Purchase of marketable securities 0 (46,689)
Proceeds from sale or maturity of marketable securities 57,225 0
Funds held in escrow for future development expenditures 4,003 2,602
Development project expenditures (62,630) (44,423)
Capital expenditures (43,429) (35,526)
Other (8,813) (3,713)
Net cash used in investing activities (996,747) (385,433)
Cash flows from financing activities:    
Net change in borrowings under credit facility (321,334) (199,951)
Proceeds from debt 1,107,971 696,661
Repayment of debt (278,442) (272,726)
Purchase of noncontrolling interest (3,816) 0
Payment of deferred financing costs (14,608) (6,846)
Issuance of common stock, net 352,167 0
Cash distribution to common stockholders (516,404) (426,952)
Cash distribution to redeemable OP unitholders (4,697) (2,762)
Purchases of redeemable OP units (33,188) 0
Distributions to noncontrolling interest (9,467) (4,908)
Other 5,928 (574)
Net cash provided by (used in) financing activities 284,110 (218,058)
Net increase (decrease) in cash and cash equivalents 5,087 (7,789)
Effect of foreign currency translation on cash and cash equivalents 97 (392)
Cash and cash equivalents at beginning of period 55,348 94,816
Cash and cash equivalents at end of period 60,532 86,635
Assets and liabilities assumed from acquisitions:    
Real estate investments 2,554,590 54,282
Other assets acquired 16,505 1,634
Debt assumed 177,857 51,115
Other liabilities 49,788 3,675
Deferred income tax liability 51,620 1,126
Redeemable OP unitholder interests assumed 87,245 0
Equity issued $ 2,204,585 $ 0