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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Land $ 1,285,634 $ 1,225,214
Buildings and improvements 8,288,865 7,763,748
Real estate assets, at cost, total 9,574,499 8,988,962
Accumulated depreciation (3,219,085) (3,034,186)
Net operating real estate assets 6,355,414 5,954,776
Properties under development, including land 443,100 564,215
Investments in joint ventures 18,415 18,994
Total real estate assets 6,816,929 6,537,985
Accounts receivable – affiliates 19,183 20,158
Other assets, net 241,687 216,276
Cash and cash equivalents 374,556 420,441
Restricted cash 4,762 4,092
Total assets 7,457,117 7,198,952
Liabilities    
Unsecured notes payable 3,168,492 3,166,625
Accounts payable and accrued expenses 155,057 175,608
Accrued real estate taxes 66,696 66,156
Distributions payable 86,689 84,147
Other liabilities 193,975 189,829
Total liabilities 3,670,909 3,682,365
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 112,043 and 109,110 issued; 109,814 and 106,860 outstanding at June 30, 2021 and December 31, 2020, respectively 1,098 1,069
Additional paid-in capital 4,953,703 4,581,710
Distributions in excess of net income attributable to common shareholders (897,761) (791,079)
Treasury shares, at cost (9,242 and 9,442 common shares at June 30, 2021 and December 31, 2020, respectively) (334,161) (341,412)
Accumulated other comprehensive loss (4,638) (5,383)
Total common equity 3,718,241 3,444,905
Non-controlling interests 67,967 71,682
Total equity 3,786,208 3,516,587
Total liabilities and equity $ 7,457,117 $ 7,198,952