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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate:    
Land and improvements $ 4,422,683 $ 4,394,298
Buildings and improvements 17,439,415 17,231,275
Furniture, fixtures and equipment 941,756 924,583
Gross operating real estate 22,803,854 22,550,156
Less accumulated depreciation (5,859,490) (5,700,179)
Net operating real estate 16,944,364 16,849,977
Construction in Progress, Gross 818,232 989,765
Land held for development 184,058 110,142
For-sale condominium inventory 253,859 267,219
Real estate assets held for sale, net 52,776 16,678
Real Estate Investment Property, Net, Total 18,253,289 18,233,781
Cash and cash equivalents 129,298 216,976
Cash in escrow 100,434 96,556
Resident security deposits 30,914 30,811
Investments in unconsolidated real estate entities 210,650 202,612
Deferred development costs 47,081 55,427
Prepaid expenses and other assets 195,965 207,715
Right of use lease assets 152,901 155,266
Total assets 19,120,532 19,199,144
LIABILITIES AND EQUITY    
Unsecured notes, net 6,703,759 6,702,005
Variable rate unsecured credit facility 0 0
Mortgage notes payable, net 834,025 862,332
Dividends payable 223,805 224,897
Payables for construction 84,954 93,609
Accrued expenses and other liabilities 303,188 274,699
Lease liabilities 179,968 181,479
Accrued interest payable 62,203 49,033
Resident security deposits 56,426 55,928
Liabilities related to real estate assets held for sale 443 311
Total liabilities 8,448,771 8,444,293
Commitments and contingencies
Redeemable noncontrolling interests 2,857 2,677
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1,396 1,395
Additional paid-in capital 10,657,665 10,664,416
Accumulated earnings less dividends 47,151 126,022
Accumulated other comprehensive loss (37,883) (40,250)
Stockholders' Equity Attributable to Parent 10,668,329 10,751,583
Stockholders' Equity Attributable to Noncontrolling Interest 575 591
Total equity 10,668,904 10,752,174
Total liabilities and equity $ 19,120,532 $ 19,199,144