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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income/(loss) $ 45,112 $ 34,849
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 507,508 451,365
(Gain)/loss on sale of real estate owned 0 (50,829)
(Income)/loss from unconsolidated entities (4,186) (29,123)
Return on investment in unconsolidated joint ventures and partnerships 17,430 19,402
Amortization of share-based compensation 20,458 17,473
Loss on extinguishment of debt, net   42,336
Other 22,898 15,102
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (4,372) (13,059)
Increase/(decrease) in operating liabilities (2,210) (4,347)
Net cash provided by/(used in) operating activities 602,638 483,169
Investing Activities    
Acquisition of real estate assets (341,149) (904,434)
Proceeds from sales of real estate investments, net   154,857
Development of real estate assets (159,455) (119,254)
Capital expenditures and other major improvements - real estate assets (144,673) (112,001)
Capital expenditures - non-real estate assets (12,631) (10,087)
Investment in unconsolidated joint ventures and partnerships (199,057) (67,665)
Distributions received from unconsolidated joint ventures and partnerships 77,838 34,494
Purchase deposits on pending acquisitions 1,000 (10,000)
Repayment/(issuance) of notes receivable, net (60,532) 112,815
Net cash provided by/(used in) investing activities (838,659) (921,275)
Financing Activities    
Payments on secured debt (852) (818)
Payments on unsecured debt   (300,000)
Net proceeds from the issuance of unsecured debt   511,552
Net proceeds/(repayment) of commercial paper 205,000 125,000
Net proceeds/(repayment) of revolving bank debt 11,636 15,062
Proceeds from the issuance of common shares through public offering, net 449,945 499,337
Repurchase of common shares (15,150)  
Distributions paid to redeemable noncontrolling interests (25,673) (25,275)
Distributions paid to preferred stockholders (3,268) (3,160)
Distributions paid to common stockholders (359,864) (322,041)
Payment of prepayment and extinguishment costs   (40,769)
Other (24,276) (15,720)
Net cash provided by/(used in) financing activities 237,498 443,168
Net increase/(decrease) in cash, cash equivalents, and restricted cash 1,477 5,062
Cash, cash equivalents, and restricted cash, beginning of year 28,418 24,171
Cash, cash equivalents, and restricted cash, end of period 29,895 29,233
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 131,588 126,209
Operating cash flows from operating leases 9,377 9,377
Cash paid/(refunds received) for income taxes 1,012 3,909
Non-cash transactions:    
Secured debt assumed upon acquisition of real estate assets   201,296
Acquisition of land parcel pursuant to a deed in lieu of foreclosure   25,000
Cancellation of secured note receivable pursuant to a deed in lieu of foreclosure   24,869
Redeemable long-term and short-term incentive plan units 50,084 14,578
Development costs and capital expenditures incurred, but not yet paid 47,862 37,056
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (172,755 shares in 2022 and 168,953 shares in 2021) 10,138 6,944
Distribution of equity securities from unconsolidated real estate technology investments 16,329  
Dividends declared, but not yet paid $ 133,341 $ 120,830