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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income/(loss) $ 166,301 $ 50,098
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 182,444 179,682
Gain on sale of real estate owned, net of tax (79,042) (51,003)
Tax (benefit)/provision, net (1,829) (5,559)
Income/(loss) from unconsolidated entities (58,586) 3,993
Casualty-related (recoveries)/charges, net 1,839 500
Other 13,154 13,054
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets 7,431 5,677
Increase/(decrease) in operating liabilities (14,709) (10,229)
Net cash provided by operating activities 217,003 186,213
Investing Activities    
Acquisition of real estate assets 0 (77,793)
Proceeds from sales of real estate investments, net 90,543 47,922
Development of real estate assets (66,083) (115,964)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (47,453) (57,574)
Capital expenditures - non-real estate assets (1,655) (2,917)
Investment in unconsolidated joint ventures (184,078) (120,555)
Distributions received from unconsolidated joint venture 46,075 12,507
Purchase deposits on pending acquisitions 0 (4,000)
(Issuance)/repayment of notes receivable (1,125) 38,800
Net cash provided by/(used in) investing activities (163,776) (279,574)
Financing Activities    
Payments on secured debt (4,549) (42,304)
Proceeds from the issuance of secured debt 0 5,502
Payments on unsecured debt (325,319) (312,500)
Proceeds from Issuance of Unsecured Debt 0 298,956
Net proceeds/(repayment) of revolving bank debt 304,500 276,500
Proceeds from the issuance of common shares through public offering, net 108,739 0
Distributions paid to redeemable noncontrolling interests (5,148) (4,909)
Distributions paid to preferred stockholders (1,862) (1,862)
Distributions paid to common stockholders (138,559) (124,338)
Other (3,263) (5,117)
Net cash provided by/(used in) financing activities (65,461) 89,928
Net increase/(decrease) in cash and cash equivalents (12,234) (3,433)
Cash and cash equivalents, beginning of period 15,224 30,249
Cash and cash equivalents, end of period 2,990 26,816
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 66,448 69,291
Non-cash transactions:    
Acquisition of real estate 24,067 0
Fair value adjustment of debt acquired as part of acquisition of real estate $ 1,363 $ 0