XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real estate:    
Land and improvements $ 4,137,471 $ 4,077,090
Buildings and improvements 15,988,751 15,651,035
Furniture, fixtures and equipment 757,243 696,200
Gross operating real estate 20,883,465 20,424,325
Less accumulated depreciation (4,872,896) (4,601,447)
Net operating real estate 16,010,569 15,822,878
Construction in progress, including land 1,939,808 1,768,132
Land held for development 18,606 84,712
Real estate assets held for sale, net 40,461 55,208
Total real estate, net 18,009,444 17,730,930
Cash and cash equivalents 243,576 91,659
Cash in escrow 86,468 126,205
Resident security deposits 35,084 31,816
Investments in unconsolidated real estate entities 208,519 217,432
Deferred development costs 60,217 47,443
Prepaid expenses and other assets 166,886 134,715
Right of use lease assets 122,381  
Total assets 18,932,575 18,380,200
LIABILITIES AND EQUITY    
Unsecured notes, net 6,355,132 5,905,993
Variable rate unsecured credit facility 0 0
Mortgage notes payable, net 997,085 1,134,270
Dividends payable 213,403 204,191
Payables for construction 104,545 96,983
Accrued expenses and other liabilities 258,486 297,700
Lease liabilities 138,163  
Accrued interest payable 48,169 46,648
Resident security deposits 63,183 58,415
Liabilities related to real estate assets held for sale 541 150
Total liabilities 8,178,707 7,744,350
Commitments and contingencies
Redeemable noncontrolling interests 3,338 3,244
Equity:    
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at June 30, 2019 and December 31, 2018; zero shares issued and outstanding at June 30, 2019 and December 31, 2018 0 0
Common stock, $0.01 par value; 280,000,000 shares authorized at June 30, 2019 and December 31, 2018; 139,656,557 and 138,508,424 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 1,397 1,385
Additional paid-in capital 10,519,239 10,306,588
Accumulated earnings less dividends 262,548 350,777
Accumulated other comprehensive loss (33,184) (26,144)
Stockholders' Equity Attributable to Parent 10,750,000 10,632,606
Stockholders' Equity Attributable to Noncontrolling Interest 530 0
Total equity 10,750,530 10,632,606
Total liabilities and equity $ 18,932,575 $ 18,380,200