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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Rental income $ 459,380 $ 450,769 $ 412,180
Residents fees and services 302,058 184,031 27,851
Total revenues 761,438 634,800 440,031
Expenses:      
Property operating expenses 299,878 197,696 65,400
Depreciation 153,026 139,042 110,959
General and administrative 32,657 31,517 26,041
Acquisition related costs 3,378 9,394 12,239
Impairment of assets 7,989 3,071 1,990
Total expenses 496,928 380,720 216,629
Operating income 264,510 254,080 223,402
Interest and other income 711 1,117 1,451
Interest expense (117,819) (117,240) (98,262)
Loss on early extinguishment of debt (797) (6,349) (427)
Gain on lease terminations   375  
Income from continuing operations before income tax expense and equity in earnings of an investee 146,605 131,983 126,164
Income tax expense (600) (375) (312)
Equity in earnings of an investee 334 316 139
Income from continuing operations 146,339 131,924 125,991
Discontinued operations:      
Income from discontinued operations 5,043 4,061 4,113
Loss on asset impairment from discontinued operations (37,610)    
Income before gain (loss) on sale of properties 113,772 135,985 130,104
Gain (loss) on sale of properties 37,392 (101) 21,315
Net income 151,164 135,884 151,419
Other comprehensive income:      
Change in net unrealized gain / loss on investments 3,901 8,312 (17,383)
Share of comprehensive (loss) income of an investee (51) 22 75
Comprehensive income $ 155,014 $ 144,218 $ 134,111
Weighted average shares outstanding (in shares) 187,251 169,176 149,577
Net income per share:      
Income from continuing operations per share (in dollars per share) $ 0.98 $ 0.78 $ 0.98
(Loss) income from discontinued operations per share (in dollars per share) $ (0.17) $ 0.02 $ 0.03
Net income per share (in dollars per share) $ 0.81 $ 0.80 $ 1.01