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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Land $ 1,233,937 $ 1,225,214
Buildings and improvements 7,863,707 7,763,748
Real estate assets, at cost, total 9,097,644 8,988,962
Accumulated depreciation (3,124,504) (3,034,186)
Net operating real estate assets 5,973,140 5,954,776
Properties under development, including land 541,958 564,215
Investments in joint ventures 18,800 18,994
Total real estate assets 6,533,898 6,537,985
Accounts receivable – affiliates 19,502 20,158
Other assets, net 213,126 216,276
Cash and cash equivalents 333,402 420,441
Restricted cash 4,105 4,092
Total assets 7,104,033 7,198,952
Liabilities    
Unsecured notes payable 3,167,557 3,166,625
Accounts payable and accrued expenses 159,111 175,608
Accrued real estate taxes 33,155 66,156
Distributions payable 84,282 84,147
Other liabilities 185,852 189,829
Total liabilities 3,629,957 3,682,365
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 109,181 and 109,110 issued; 106,962 and 106,860 outstanding at March 31, 2021 and December 31, 2020, respectively 1,070 1,069
Additional paid-in capital 4,588,056 4,581,710
Distributions in excess of net income attributable to common shareholders (842,628) (791,079)
Treasury shares, at cost (9,279 and 9,442 common shares at March 31, 2021 and December 31, 2020, respectively) (335,511) (341,412)
Accumulated other comprehensive loss (5,010) (5,383)
Total common equity 3,405,977 3,444,905
Non-controlling interests 68,099 71,682
Total equity 3,474,076 3,516,587
Total liabilities and equity $ 7,104,033 $ 7,198,952