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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Rental property    
Land $ 3,019,284 $ 2,845,186
Buildings and improvements 9,231,644 8,827,861
12,250,928 11,673,047
Accumulated depreciation and amortization (1) [1] (2,433,053) (2,278,292)
9,817,875 9,394,755
Real estate under development 402,518 335,028
Real estate, net 10,220,393 9,729,783
Investments in and advances in real estate joint ventures 483,861 504,209
Other real estate investments 217,584 209,146
Mortgages and other financing receivables 21,838 23,197
Cash and cash equivalents 238,513 142,486
Marketable securities 13,265 8,101
Accounts and notes receivable, net 189,757 181,823
Deferred charges and prepaid expenses 155,472 147,694
Other assets 223,043 284,161
Total assets [2] 11,763,726 11,230,600
Liabilities:    
Notes payable, net 4,596,140 3,927,251
Mortgages payable, net 882,787 1,139,117
Accounts payable and accrued expenses 185,702 145,751
Declaration of dividends paid in succeeding period 128,892 124,517
Other liabilities 431,915 404,137
Total liabilities [3] 6,225,436 5,740,773
Redeemable noncontrolling interests 16,143 86,953
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 5,996,240 and 6,029,100 shares, respectively, 41,200 and 32,000 shares issued and outstanding (in series), respectively; Aggregate liquidation preference $1,030,000 and $800,000, respectively 41 32
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 425,646,380 and 425,034,113 shares, respectively 4,256 4,250
Paid-in capital 6,152,764 5,922,958
Cumulative distributions in excess of net income (761,337) (676,867)
Accumulated other comprehensive (loss)/income (1,480) 5,766
Total stockholders' equity 5,394,244 5,256,139
Noncontrolling interests 127,903 146,735
Total equity 5,522,147 5,402,874
Total liabilities and equity $ 11,763,726 $ 11,230,600
[1] At December 31, 2017 and 2016, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $459,211 and $409,062, respectively.
[2] Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2017 and December 31, 2016 of $644,990 and $333,705, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.
[3] Includes non-recourse liabilities of consolidated VIEs at December 31, 2017 and December 31, 2016 of $417,688 and $176,216, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.