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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate:    
Land and improvements $ 4,442,708 $ 4,394,298
Buildings and improvements 17,549,286 17,231,275
Furniture, fixtures and equipment 965,741 924,583
Gross operating real estate 22,957,735 22,550,156
Less accumulated depreciation (5,907,270) (5,700,179)
Net operating real estate 17,050,465 16,849,977
Construction in Progress, Gross 773,938 989,765
Land held for development 100,106 110,142
For-sale condominium inventory 220,022 267,219
Real estate assets held for sale, net 0 16,678
Real Estate Investment Property, Net, Total 18,144,531 18,233,781
Cash and cash equivalents 297,036 216,976
Cash in escrow 190,069 96,556
Resident security deposits 32,350 30,811
Investments in unconsolidated real estate entities 227,953 202,612
Deferred development costs 49,335 55,427
Prepaid expenses and other assets 220,916 207,715
Right of use lease assets 154,435 155,266
Total assets 19,316,625 19,199,144
LIABILITIES AND EQUITY    
Unsecured notes, net 6,705,513 6,702,005
Variable rate unsecured credit facility 0 0
Mortgage notes payable, net 828,120 862,332
Dividends payable 224,282 224,897
Payables for construction 66,315 93,609
Accrued expenses and other liabilities 295,771 274,699
Lease liabilities 177,448 181,479
Accrued interest payable 48,974 49,033
Resident security deposits 58,576 55,928
Liabilities related to real estate assets held for sale 0 311
Total liabilities 8,404,999 8,444,293
Commitments and contingencies
Redeemable noncontrolling interests 3,039 2,677
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1,396 1,395
Additional paid-in capital 10,670,564 10,664,416
Accumulated earnings less dividends 272,398 126,022
Accumulated other comprehensive loss (36,339) (40,250)
Stockholders' Equity Attributable to Parent 10,908,019 10,751,583
Stockholders' Equity Attributable to Noncontrolling Interest 568 591
Total equity 10,908,587 10,752,174
Total liabilities and equity $ 19,316,625 $ 19,199,144