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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Revenues from rental properties $ 251,723 $ 218,070 $ 484,592 $ 431,999
Management and other fee income 8,526 9,049 17,567 17,442
Total revenues 260,249 227,119 502,159 449,441
Operating expenses        
Rent 3,498 3,376 6,803 6,697
Real estate taxes 32,521 27,640 63,655 55,929
Operating and maintenance 31,394 27,074 60,041 51,751
General and administrative expenses 28,827 31,319 66,008 65,321
Provision for doubtful accounts 1,901 3,019 3,610 4,895
Impairment charges     99,952 81,546
Depreciation and amortization 65,963 58,673 125,647 116,385
Total operating expenses 252,477 175,940 416,407 326,215
Operating income 7,772 51,179 85,752 123,226
Other income/(expense)        
Mortgage financing income 428 1,430 2,127 2,416
Interest, dividends and other investment income 411 6,479 450 9,048
Other expense, net (322) (1,840) (2,541) (4,838)
Interest expense (52,821) (55,018) (103,421) (108,476)
Income/(loss) from continuing operations before income taxes, equity in income of joint ventures, gain/(loss) on change in control of interests and equity in income from other real estate investments (44,532) 2,230 (17,633) 21,376
Benefit/(provision) for income taxes, net 586 12,204 (7,539) (3,127)
Equity in income of equity method investments, net     98,286 83,616
Income from continuing operations 73,691 80,679 152,823 142,939
Discontinued operations        
Income from discontinued operating properties, net of tax 2,299 9,095 13,688 17,138
Impairment/loss on operating properties sold, net of tax (4,636) (38,371) (8,634) (41,202)
Gain on disposition of operating properties, net of tax 20,207 1,869 29,544 4,365
Income/(loss) from discontinued operations 17,870 (27,407) 34,598 (19,699)
Gain on sale of operating properties, net of tax 389   389 540
Net income 91,950 53,272 187,810 123,780
Net income attributable to noncontrolling interests (2,438) (2,133) (11,298) (4,871)
Net income attributable to the Company 89,512 51,139 176,512 118,909
Preferred dividends (14,573) (14,573) (29,147) (29,147)
Net income available to the Company's common shareholders 74,939 36,566 147,365 89,762
Income from continuing operations:        
-Basic (in Dollars per share) $ 0.14 $ 0.16 $ 0.29 $ 0.27
-Diluted (in Dollars per share) $ 0.14 $ 0.16 $ 0.29 $ 0.27
Net income attributable to the Company:        
-Basic (in Dollars per share) $ 0.18 $ 0.09 $ 0.36 $ 0.22
-Diluted (in Dollars per share) $ 0.18 $ 0.09 $ 0.36 $ 0.22
Weighted average shares:        
-Basic (in Shares) 408,902 407,640 408,636 407,154
-Diluted (in Shares) 410,005 408,831 409,682 408,163
Amounts attributable to the Company's common shareholders:        
Income from continuing operations 57,871 64,386 120,166 110,296
Income from discontinued operations 17,068 (27,820) 27,199 (20,534)
Gain/(loss) on change in control of interests, net 65,598 (1,459) 69,342 21,711
Joint Ventures [Member]
       
Other income/(expense)        
Equity in income of equity method investments, net 45,025 59,504 98,286 83,616
Other Real Estate Investments [Member]
       
Other income/(expense)        
Equity in income of equity method investments, net 7,014 8,200 10,367 19,363
Continuing Operations [Member]
       
Operating expenses        
Impairment charges $ 88,373 $ 24,839 $ 90,643 $ 25,237