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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Minimum rents $ 446,308 $ 413,702 $ 466,460
Percentage rents 20,172 17,881 16,109
Tenant recoveries 250,226 238,415 240,134
Management Companies 40,404 42,895 40,757
Other 34,140 30,500 29,588
Total revenues 791,250 743,393 793,048
Expenses:      
Shopping center and operating expenses 255,817 237,182 248,827
Management Companies' operating expenses 86,587 90,414 79,305
REIT general and administrative expenses 21,113 20,703 25,933
Depreciation and amortization 265,331 240,081 255,231
Total expenses before interest 628,848 588,380 609,296
Interest expense:      
Related parties 16,743 14,254 19,413
Other 178,542 195,909 244,862
Total interest expense 195,285 210,163 264,275
Loss (gain) on early extinguishment of debt, net 10,588 (3,661) (29,161)
Total expenses 834,721 794,882 844,410
Equity in income of unconsolidated joint ventures 294,677 79,529 68,160
Co-venture expense (5,806) (6,193) (2,262)
Income tax benefit 6,110 9,202 4,761
(Loss) gain on remeasurement, sale or write down of assets, net (42,279) 497 161,937
Income from continuing operations 209,231 31,546 181,234
Discontinued operations:      
Loss on disposition of assets, net (37,988) (23) (40,171)
Loss from discontinued operations (2,168) (3,103) (1,813)
Loss from discontinued operations (40,156) (3,126) (41,984)
Net income 169,075 28,420 139,250
Less net income attributable to noncontrolling interests 12,209 3,230 18,508
Net (loss) income attributable to the Company $ 156,866 $ 25,190 $ 120,742
Earnings per common share attributable to Company-basic:      
Income from continuing operations (in dollars per share) $ 1.46 $ 0.21 $ 1.90
Discontinued operations (in dollars per share) $ (0.28) $ (0.02) $ (0.45)
Net income available to common stockholders (in dollars per share) $ 1.18 $ 0.19 $ 1.45
Earnings per common share attributable to Company-diluted:      
Income from continuing operations (in dollars per share) $ 1.46 $ 0.21 $ 1.90
Discontinued operations (in dollars per share) $ (0.28) $ (0.02) $ (0.45)
Net income available to common stockholders (in dollars per share) $ 1.18 $ 0.19 $ 1.45
Weighted average number of common shares outstanding:      
Basic (in shares) 131,628,000 120,346,000 81,226,000
Diluted (in shares) 131,628,000 120,346,000 81,226,000