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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Land $ 1,225,214 $ 1,199,384
Buildings and improvements 7,763,748 7,404,090
Real estate assets, at cost, total 8,988,962 8,603,474
Accumulated depreciation (3,034,186) (2,686,025)
Net operating real estate assets 5,954,776 5,917,449
Properties under development, including land 564,215 512,319
Investments in joint ventures 18,994 20,688
Total real estate assets 6,537,985 6,450,456
Accounts receivable – affiliates 20,158 21,833
Other assets, net 216,276 248,716
Cash and cash equivalents 420,441 23,184
Restricted cash 4,092 4,315
Total assets 7,198,952 6,748,504
Liabilities    
Unsecured notes payable 3,166,625 2,524,099
Accounts payable and accrued expenses 175,608 171,719
Accrued real estate taxes 66,156 54,408
Distributions payable 84,147 80,973
Other liabilities 189,829 215,581
Total liabilities 3,682,365 3,046,780
Commitments and contingencies (Note 14)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 109,110 and 109,110 issued; 106,860 and 106,878 outstanding at December 31, 2020 and 2019, respectively 1,069 1,069
Additional paid-in capital 4,581,710 4,566,731
Distributions in excess of net income attributable to common shareholders (791,079) (584,167)
Treasury shares, at cost (9,442 and 9,636 common shares, at December 31, 2020 and 2019, respectively) (341,412) (348,419)
Accumulated other comprehensive loss (5,383) (6,529)
Total common equity 3,444,905 3,628,685
Non-controlling interests 71,682 73,039
Total equity 3,516,587 3,701,724
Total liabilities and equity $ 7,198,952 $ 6,748,504