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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Real estate owned:    
Real estate held for investment $ 7,479,239 $ 7,269,347
Less: accumulated depreciation (1,769,530) (1,605,090)
Real estate held for investment, net 5,709,709 5,664,257
Real estate under development (net of accumulated depreciation) 282,006 246,229
Real estate sold or held for sale (net of accumulated depreciation of $0 and $226,067) 0 332,258
Total real estate owned, net of accumulated depreciation 5,991,715 6,242,744
Cash and cash equivalents 184,112 12,503
Restricted cash 24,580 24,634
Deferred financing costs, net 28,579 30,068
Notes receivable 39,409 0
Investment in unconsolidated joint ventures 580,098 213,040
Other assets 124,128 198,365
Total assets 6,972,621 6,721,354
Liabilities:    
Secured debt 1,442,361 1,891,553
Unsecured debt 1,902,707 2,026,817
Real estate taxes payable 13,087 13,397
Accrued interest payable 31,156 23,208
Security deposits and prepaid rent 35,534 35,516
Distributions payable 57,313 51,019
Deferred fees and gains on the sale of depreciable property 29,430 29,100
Accounts payable, accrued expenses, and other liabilities 102,793 95,485
Total liabilities 3,614,381 4,166,095
Redeemable non-controlling interests in operating partnership 243,305 236,475 [1]
Equity    
Common stock, $0.01 par value; 350,000,000 shares authorized 250,205,424 shares issued and outstanding (219,650,225 shares at December 31, 2011) 2,502 2,197
Additional paid-in capital 4,098,785 3,340,470
Distributions in excess of net income (1,024,148) (1,142,895)
Accumulated other comprehensive income/(loss), net (13,604) (13,902)
Total stockholders' equity 3,110,106 2,314,050
Non-controlling interest 4,829 4,734
Total equity 3,114,935 2,318,784
Total liabilities and equity 6,972,621 6,721,354
8.00% Series E Cumulative Convertible Preferred Stock
    
Equity    
Preferred stock, Value 46,571 46,571
6.75% Series G Cumulative Redeemable Preferred Stock
    
Equity    
Preferred stock, Value $ 0 $ 81,609
[1] See Note 9, "Noncontrolling Interests"