XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate owned:    
Real estate held for investment $ 13,325,599 $ 12,706,940
Less: accumulated depreciation (4,871,124) (4,590,577)
Real estate held for investment, net 8,454,475 8,116,363
Real estate under development (net of accumulated depreciation of $382 and $1,010, respectively) 286,543 246,867
Real estate held for disposition (net of accumulated depreciation of $0 and $13,779, respectively)   102,876
Total real estate owned, net of accumulated depreciation 8,741,018 8,466,106
Cash and cash equivalents 3,370 1,409
Restricted cash 32,700 22,762
Notes receivable, net 139,047 157,992
Investment in and advances to unconsolidated joint ventures, net 619,172 600,233
Operating lease right-of-use assets 199,206 200,913
Other assets 184,758 188,118
Total assets 9,919,271 9,637,533
Liabilities:    
Secured debt, net 1,059,913 862,147
Unsecured debt, net 4,392,194 4,114,401
Operating lease liabilities 194,058 195,592
Real estate taxes payable 34,146 29,946
Accrued interest payable 43,536 44,760
Security deposits and prepaid rent 49,882 49,008
Distributions payable 116,688 115,795
Accounts payable, accrued expenses, and other liabilities 119,405 110,999
Total liabilities 6,009,822 5,522,648
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 1,104,276 856,294
Equity:    
Common stock, $0.01 par value; 350,000,000 shares authorized: 296,848,024 and 296,611,579 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 2,968 2,966
Additional paid-in capital 5,887,838 5,881,383
Distributions in excess of net income (3,143,000) (2,685,770)
Accumulated other comprehensive income/(loss), net (8,301) (9,144)
Total stockholders' equity 2,784,270 3,234,200
Noncontrolling interests 20,903 24,391
Total equity 2,805,173 3,258,591
Total liabilities and equity 9,919,271 9,637,533
8.00% Series E Cumulative Convertible Preferred Stock    
Equity:    
Preferred stock, no par value; 50,000,000 shares authorized: 44,764 44,764
Series F    
Equity:    
Preferred stock, no par value; 50,000,000 shares authorized: $ 1 $ 1