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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Statement of Cash Flows [Abstract]    
Other Operating Activities, Cash Flow Statement $ 4,775 $ 5,574
Operating Activities    
Net income/(loss) (309) 86,628
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 84,588 95,165
Net gain on the sale of depreciable property 0 (80,525)
Tax Benefit of Taxable Subsidiary 1,973 22,876
(Gain)/loss on debt extinguishment 0 (4,428)
Loss from unconsolidated entities 2,802 2,691
Hurricane-related (recoveries)/charges, net (548) 0
Changes in operating assets and liabilities:    
Increase in operating assets (3,269) 3,272
(Increase)/decrease in operating liabilities (19,406) (15,487)
Net cash provided by operating activities 66,660 70,014
Investing Activities    
Proceeds from sales of real estate investments, net 0 130,571
Development of real estate assets (85,181) (56,519)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (22,208) (25,897)
Capital expenditures related to rehabilitation of hurricane-damaged assets (2,592) 0
Capital expenditures - non-real estate assets (2,313) (1,092)
Investment in unconsolidated joint ventures (936) (259,156)
Distributions received from unconsolidated joint venture 14,393 940
Payments to Acquire Notes Receivable (2,180) (13,200)
Net cash provided by/(used in) investing activities (101,017) (224,353)
Financing Activities    
Payments on secured debt (3,199) (72,953)
Proceeds from the issuance of secured debt 0 188
Proceeds from the issuance of unsecured debt 0 396,400
Payments on unsecured debt 0 (100,000)
Net borrowings/(repayment) of revolving bank debt 94,000 (224,000)
Proceeds from the issuance of common shares through public offering, net 0 200,623
Distributions paid to non-controlling interests (2,263) (2,231)
Distributions paid to preferred stockholders (931) (2,308)
Distributions paid to common stockholders (55,035) (47,314)
Proceeds from (Payments for) Other Financing Activities (3,209) (3,011)
Net cash provided by/(used in) financing activities 29,363 145,394
Net increase in cash and cash equivalents (4,994) (8,945)
Cash and cash equivalents, beginning of period 12,115 12,503
Cash and cash equivalents, end of period 7,121 3,558
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 41,573 31,774
Non-cash transactions:    
Conversion of operating partnership non-controlling interests to common stock (18,440 shares in 2012 and 4,453 shares in 2011) $ 1,649 $ 0