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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments in real estate:    
Investments in real estate, at cost $ 6,382,324 $ 6,462,355
Accumulated depreciation (283,666) (243,475)
Investments in real estate, net 6,098,658 6,218,880
Real estate held for sale 80,992 61,560
Investment in real estate under development 48,959 41,777
Cash and cash equivalents 23,971 35,972
Restricted cash 26,789 29,699
Investments in unconsolidated real estate entities 43,541 24,999
Other assets 27,281 38,052
Derivative assets 12,944 2,488
Intangible assets, net of accumulated amortization of $33,861 and $4,779, respectively 24,187 53,269
Total Assets 6,387,322 6,506,696
LIABILITIES AND EQUITY:    
Indebtedness, net 2,495,410 2,705,336
Indebtedness associated with real estate held for sale 46,678 0
Accounts payable and accrued expenses 81,498 106,332
Accrued interest payable 6,955 7,175
Dividends payable 27,345 16,792
Derivative liabilities 128 11,896
Other liabilities 15,921 17,089
Total Liabilities 2,673,935 2,864,620
Stockholders’ equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 221,162,658 and 220,753,735 shares issued and outstanding, including 261,538 and 269,622 unvested restricted common share awards, respectively 2,212 2,208
Additional paid-in capital 3,678,478 3,678,903
Accumulated other comprehensive income (loss) 9,958 (11,940)
Retained earnings (accumulated deficit) (140,643) (188,410)
Total stockholders’ equity 3,550,005 3,480,761
Noncontrolling interests 163,382 161,315
Total Equity 3,713,387 3,642,076
Total Liabilities and Equity $ 6,387,322 $ 6,506,696