v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Real estate:    
Land $ 1,378,785 $ 1,336,225
Buildings and improvements 6,956,119 6,681,136
Furniture, fixtures and equipment 243,090 226,359
Total capitalized cost 8,577,994 8,243,720
Less accumulated depreciation (1,947,431) (1,820,381)
Net operating real estate 6,630,563 6,423,339
Construction in progress, including land 681,493 597,346
Land held for development 294,116 325,918
Operating real estate assets held for sale, net   78,427
Total real estate, net 7,606,172 7,425,030
Cash and cash equivalents 358,263 616,853
Cash in escrow 73,691 73,400
Resident security deposits 25,468 23,597
Investments in unconsolidated real estate entities 144,924 144,561
Deferred financing costs, net 29,470 33,653
Deferred development costs 27,677 24,770
Prepaid expenses and other assets 146,380 140,526
Total assets 8,412,045 8,482,390
LIABILITIES AND EQUITY    
Unsecured notes, net 1,450,048 1,629,210
Variable rate unsecured credit facility 0  
Mortgage notes payable 1,912,316 1,969,986
Dividends payable 93,698 84,953
Payables for construction 43,357 36,775
Accrued expenses and other liabilities 252,696 246,214
Accrued interest payable 30,672 34,210
Resident security deposits 39,702 36,620
Liabilities related to real estate assets held for sale   35,467
Total liabilities 3,822,489 4,073,435
Redeemable noncontrolling interests 7,316 7,063
Equity:    
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at both June 30, 2012 and December 31, 2011; zero shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively      
Common stock, $0.01 par value; 140,000,000 shares authorized at both June 30, 2012 and December 31, 2011; 96,586,916 and 95,175,677 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 966 952
Additional paid-in capital 4,827,330 4,652,457
Accumulated earnings less dividends (145,921) (171,648)
Accumulated other comprehensive loss (103,809) (87,020)
Total stockholders' equity 4,578,566 4,394,741
Noncontrolling interest 3,674 7,151
Total equity 4,582,240 4,401,892
Total liabilities and equity $ 8,412,045 $ 8,482,390