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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 114,425 $ 113,350
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 186,234 135,132
Amortization of deferred financing fees and debt discounts and premiums 4,541 4,709
Straight line rental income (13,739) (6,814)
Amortization of acquired real estate leases and other intangible assets (3,461) (1,110)
Loss on early extinguishment of debt 1,469  
Impairment of assets 504 117
Other non-cash adjustments (1,714)  
Gain on sale of properties   (2,552)
Gain on sale of investments (71)  
Equity in earnings of an investee (70) (59)
Change in assets and liabilities:    
Restricted cash 2,365 1,528
Other assets (9,561) 331
Accrued interest 13,616 16,716
Other liabilities 26,303 20,175
Cash provided by operating activities 320,841 281,523
Cash flows from investing activities:    
Real estate acquisitions and deposits (1,132,760) (1,146,840)
Real estate improvements (55,983) (53,197)
Investment in Affiliates Insurance Company (16,588) (825)
Investment in The RMR Group Inc. 16,588 825
Proceeds from sale of properties 2,755 18,575
Proceeds from sale of investments 6,571  
Cash used for investing activities (1,196,005) (1,182,287)
Cash flows from financing activities:    
Net proceeds from issuance of common shares issued in public offering 659,496 322,962
Proceeds from issuance of unsecured senior notes, net of discount   648,914
Proceeds from unsecured term loan 200,000 350,000
Proceeds from borrowings on revolving credit facility 1,308,000 90,000
Repayments of borrowings on revolving credit facility (920,243) (190,000)
Repayment of other debt (70,087) (45,304)
Loss on early extinguishment of debt settled in cash (1,448)  
Payment of deferred financing fees (2,758) (8,039)
Repurchase of common shares (212)  
Distributions to shareholders (263,770) (226,252)
Cash provided by (used for) financing activities 908,978 942,281
Increase (decrease) in cash and cash equivalents 33,814 41,517
Cash and cash equivalents at beginning of period 27,594 39,233
Cash and cash equivalents at end of period 61,408 80,750
Supplemental cash flow information:    
Interest paid 94,681 77,788
Income taxes paid $ 477 152
Non-cash investing activities:    
Investment acquired by issuance of common shares (44,461)  
Acquisitions funded by assumed debt $ (181,432) (15,630)
Non-cash financing activities:    
Assumption of mortgage notes payable 181,432 15,630
Issuance of common shares $ 47,691 $ 3,997