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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flow from operating activities:    
Net income $ 131,535 $ 73,336
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,191 128,286
Impairment charges 34,570 12,352
Gain on sale of operating properties (31,318) (4,188)
Equity in income of joint ventures, net (79,246) (30,169)
Equity in income from other real estate investments, net (25,103) (10,335)
Distributions from joint ventures and other real estate investments 115,627 57,134
Cash retained from excess tax benefits   (69)
Change in accounts and notes receivable 18,320 (4,450)
Change in accounts payable and accrued expenses 114 (5,622)
Change in other operating assets and liabilities (20,258) (440)
Net cash flow provided by operating activities 275,432 215,835
Cash flow from investing activities:    
Acquisition of and improvements to operating real estate (329,020) (79,401)
Acquisition of and improvements to real estate under development (1,749) (16,655)
Proceeds from sale/repayments of marketable securities 118 178,279
Investments and advances to real estate joint ventures (121,242) (71,219)
Reimbursements of investments and advances to real estate joint ventures 80,023 25,480
Other real estate investments (4,123) (3,709)
Reimbursements of investments and advances to other real estate investments 6,906 20,586
Investment in mortgage loans receivable (25)  
Collection of mortgage loans receivable 9,733 3,170
Other investments (762) (730)
Reimbursements of other investments 9,151 10,914
Proceeds from sale of operating properties 206,107 39,523
Proceeds from sale of development properties   7,373
Net cash flow (used for)/provided by investing activities (144,883) 113,611
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (200,312) (20,331)
Principal payments on rental property debt (11,651) (11,256)
Principal payments on construction loan financings   (272)
Proceeds from mortgage/construction loan financings 6,276 9,023
Repayment under unsecured revolving credit facilities, net (226,220) (101,425)
Proceeds from issuance of unsecured term loan 400,000  
Financing origination costs (1,391) (402)
Redemption of non-controlling interests (7,548) (9,702)
Dividends paid (184,307) (177,580)
Cash retained from excess tax benefits   69
Proceeds from issuance of stock 394,409 2,758
Repurchase of common stock (28,958) (1,415)
Net cash flow provided/(used for) financing activities 140,298 (310,533)
Change in cash and cash equivalents 270,847 18,913
Cash and cash equivalents, beginning of period 112,882 125,154
Cash and cash equivalents, end of period 383,729 144,067
Interest paid during the period (net of capitalized interest of $926 and $5,151, respectively) 113,411 108,049
Income taxes paid during the period $ 1,584 $ 851