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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Document Fiscal Year Focus 2014    
Cash flows from operating activities      
Net income $ 301,314us-gaap_ProfitLoss $ 346,291us-gaap_ProfitLoss $ 293,900us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 235,634us-gaap_DepreciationDepletionAndAmortization 219,650us-gaap_DepreciationDepletionAndAmortization 209,872us-gaap_DepreciationDepletionAndAmortization
Gain on sale of operating properties, including land (159,289)us-gaap_GainLossOnDispositionOfAssets (698)us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Gain on acquisition of controlling interest in joint ventures 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain (57,418)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Gain on sale of discontinued operations, net of tax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (182,160)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (115,068)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Impairment associated with land holdings 1,152us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate
Distributions of income from joint ventures 7,399us-gaap_EquityMethodInvestmentDividendsOrDistributions 8,884us-gaap_EquityMethodInvestmentDividendsOrDistributions 6,321us-gaap_EquityMethodInvestmentDividendsOrDistributions
Equity in income of joint ventures (7,023)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions [1] (24,865)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions [1] (20,175)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions [1]
Share-based compensation 15,552us-gaap_ShareBasedCompensation 14,063us-gaap_ShareBasedCompensation 13,086us-gaap_ShareBasedCompensation
Amortization of deferred financing costs 3,355us-gaap_AmortizationOfFinancingCosts 3,548us-gaap_AmortizationOfFinancingCosts 3,608us-gaap_AmortizationOfFinancingCosts
Net change in operating accounts and other 20,434us-gaap_IncreaseDecreaseInOperatingCapital 19,578us-gaap_IncreaseDecreaseInOperatingCapital (9,859)us-gaap_IncreaseDecreaseInOperatingCapital
Net cash from operating activities 418,528us-gaap_NetCashProvidedByUsedInOperatingActivities 404,291us-gaap_NetCashProvidedByUsedInOperatingActivities 324,267us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Development and capital improvements (503,328)us-gaap_PaymentsToDevelopRealEstateAssets (356,815)us-gaap_PaymentsToDevelopRealEstateAssets (290,728)us-gaap_PaymentsToDevelopRealEstateAssets
Acquisition of operating properties, including joint venture interests, net of cash acquired (62,260)us-gaap_PaymentsToAcquireRealEstate (224,109)us-gaap_PaymentsToAcquireRealEstate (465,400)us-gaap_PaymentsToAcquireRealEstate
Proceeds from sale of properties, including land 237,712cpt_Proceedsfromsaleofoperatingpropertiesincludingland 5,686cpt_Proceedsfromsaleofoperatingpropertiesincludingland 0cpt_Proceedsfromsaleofoperatingpropertiesincludingland
Proceeds from discontinued operations 0us-gaap_ProceedsFromSaleOfPropertyHeldForSale 323,755us-gaap_ProceedsFromSaleOfPropertyHeldForSale 226,869us-gaap_ProceedsFromSaleOfPropertyHeldForSale
Investments in joint ventures (1,000)us-gaap_PaymentsToAcquireInterestInJointVenture (1,886)us-gaap_PaymentsToAcquireInterestInJointVenture (7,006)us-gaap_PaymentsToAcquireInterestInJointVenture
Distributions from investments in joint ventures 6,350us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships 11,295us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships 17,417us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships
Increase in non-real estate assets (4,695)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (17,497)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (4,787)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Other 1,335us-gaap_PaymentsForProceedsFromOtherInvestingActivities 586us-gaap_PaymentsForProceedsFromOtherInvestingActivities (4,050)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash from investing activities (325,886)us-gaap_NetCashProvidedByUsedInInvestingActivities (258,985)us-gaap_NetCashProvidedByUsedInInvestingActivities (527,685)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Borrowings on unsecured line of credit and other short-term borrowings 2,246,000us-gaap_ProceedsFromLinesOfCredit 952,900us-gaap_ProceedsFromLinesOfCredit 603,000us-gaap_ProceedsFromLinesOfCredit
Repayments on unsecured line of credit and other short-term borrowings (2,246,000)us-gaap_RepaymentsOfLinesOfCredit (952,900)us-gaap_RepaymentsOfLinesOfCredit (603,000)us-gaap_RepaymentsOfLinesOfCredit
Repayment of notes payable (36,340)us-gaap_RepaymentsOfNotesPayable (230,288)us-gaap_RepaymentsOfNotesPayable (567,575)us-gaap_RepaymentsOfNotesPayable
Proceeds from notes payable 248,078us-gaap_ProceedsFromNotesPayable 249,535us-gaap_ProceedsFromNotesPayable 346,308us-gaap_ProceedsFromNotesPayable
Proceeds from issuance of common shares 66,225us-gaap_ProceedsFromIssuanceOfCommonStock 40,044us-gaap_ProceedsFromIssuanceOfCommonStock 693,355us-gaap_ProceedsFromIssuanceOfCommonStock
Distributions to common shareholders, perpetual preferred units, and non-controlling interests (236,514)us-gaap_PaymentsOfDividends (220,083)us-gaap_PaymentsOfDividends (189,018)us-gaap_PaymentsOfDividends
Redemption of perpetual preferred units 0cpt_RedemptionOfPerpetualPreferredUnits 0cpt_RedemptionOfPerpetualPreferredUnits (100,000)cpt_RedemptionOfPerpetualPreferredUnits
Purchase of non-controlling interests 0us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination 0us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination (16,482)us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination
Payment of deferred financing costs (3,136)us-gaap_PaymentsOfFinancingCosts (3,165)us-gaap_PaymentsOfFinancingCosts (3,737)us-gaap_PaymentsOfFinancingCosts
Common share options exercised 1,149us-gaap_ProceedsFromStockOptionsExercised 2,458us-gaap_ProceedsFromStockOptionsExercised 13,038us-gaap_ProceedsFromStockOptionsExercised
Net decrease (increase) in accounts receivable - affiliates 1,747us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties 5,901us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties (2,586)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Other 2,273us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 1,417us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 1,625us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash from financing activities 43,482us-gaap_NetCashProvidedByUsedInFinancingActivities (154,181)us-gaap_NetCashProvidedByUsedInFinancingActivities 174,928us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 136,124us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (8,875)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (28,490)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 17,794us-gaap_CashAndCashEquivalentsAtCarryingValue 26,669us-gaap_CashAndCashEquivalentsAtCarryingValue 55,159us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 153,918us-gaap_CashAndCashEquivalentsAtCarryingValue 17,794us-gaap_CashAndCashEquivalentsAtCarryingValue 26,669us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental information      
Cash paid for interest, net of interest capitalized 86,711us-gaap_InterestPaidNet 98,101us-gaap_InterestPaidNet 106,405us-gaap_InterestPaidNet
Cash paid for income taxes 1,658us-gaap_IncomeTaxesPaid 2,114us-gaap_IncomeTaxesPaid 1,561us-gaap_IncomeTaxesPaid
Supplemental schedule of noncash investing and financing activities      
Distributions declared but not paid 60,386us-gaap_DividendsPayableCurrentAndNoncurrent 56,787us-gaap_DividendsPayableCurrentAndNoncurrent 49,969us-gaap_DividendsPayableCurrentAndNoncurrent
Value of shares issued under benefit plans, net of cancellations 19,310us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 20,195us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 20,933us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
Net change in redemption of non-qualified share awards 16,525cpt_Netchangeinredemptionofnonqualifiedshareawards 9,443cpt_Netchangeinredemptionofnonqualifiedshareawards 0cpt_Netchangeinredemptionofnonqualifiedshareawards
Conversion of operating partnership units to common shares 0us-gaap_ConversionOfStockAmountIssued1 71us-gaap_ConversionOfStockAmountIssued1 9,143us-gaap_ConversionOfStockAmountIssued1
Accrual associated with construction and capital expenditures 22,456cpt_AccrualAssociatedWithConstructionAndCapitalExpenditures 21,071cpt_AccrualAssociatedWithConstructionAndCapitalExpenditures 18,993cpt_AccrualAssociatedWithConstructionAndCapitalExpenditures
Acquisition of operating properties, including joint venture interests:      
Mortgage debt assumed 0us-gaap_TransferMortgagePayable 0us-gaap_TransferMortgagePayable 298,807us-gaap_TransferMortgagePayable
Other liabilities assumed $ 0us-gaap_LiabilitiesAssumed1 $ 0us-gaap_LiabilitiesAssumed1 $ 6,976us-gaap_LiabilitiesAssumed1
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the funds.