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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 76,176 $ 76,236
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 116,218 85,058
Amortization of deferred financing fees and debt discounts and premiums 3,096 3,011
Straight line rental income (8,699) (3,938)
Amortization of acquired real estate leases and other intangible assets 2,376 (153)
Loss on early extinguishment of debt 1,448  
Impairment of assets 602 334
Other non-cash adjustments (510)  
Gain on sale of properties   (2,552)
Gain on sale of investments 71  
Equity in earnings of an investee (95) (21)
Change in assets and liabilities:    
Restricted cash 1,423 1,555
Other assets (2,803) 7,007
Accrued interest 1,212 4,562
Other liabilities 30,914 7,597
Cash provided by operating activities 216,535 179,002
Cash flows from investing activities:    
Real estate acquisitions and deposits (1,103,732) (1,143,340)
Real estate improvements (35,322) (37,334)
Investment in Affiliates Insurance Company (16,528) (825)
Investment in Reit Management & Research Inc. 16,528 825
Proceeds from sale of properties 1,750 17,900
Proceeds from sale of investments 6,571  
Cash used for investing activities (1,147,261) (1,163,599)
Cash flows from financing activities:    
Net proceeds from issuance of common shares issued in public offering 659,502 322,864
Proceeds from issuance of unsecured senior notes, net of discount   648,914
Proceeds from unsecured term loan   350,000
Proceeds from borrowings on revolving credit facility 1,210,000 90,000
Repayments of borrowings on revolving credit facility (675,000) (190,000)
Repayment of other debt (66,431) (42,201)
Loss on early extinguishment of debt settled in cash (1,523)  
Payment of deferred financing fees   (8,038)
Distributions to shareholders (171,185) (146,783)
Cash provided by (used for) financing activities 955,363 1,024,756
Increase (decrease) in cash and cash equivalents 24,637 40,159
Cash and cash equivalents at beginning of period 27,594 39,233
Cash and cash equivalents at end of period 52,231 79,392
Supplemental cash flow information:    
Interest paid 69,541 55,439
Income taxes paid $ 477 106
Non-cash investing activities:    
Investment acquired by issuance of common shares (44,461)  
Acquisitions funded by assumed debt $ (169,136) (15,630)
Non-cash financing activities:    
Assumption of mortgage notes payable 169,136 15,630
Issuance of common shares $ 46,503 $ 1,511