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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments in real estate:    
Investments in real estate, at cost $ 6,259,212 $ 6,615,243
Accumulated depreciation (582,760) (425,034)
Investments in real estate, net 5,676,452 6,190,209
Real estate held for sale 296,334 35,777
Investments in real estate under development 98,365 105,518
Cash and cash equivalents 22,852 16,084
Restricted cash 27,880 27,933
Investments in unconsolidated real estate entities 89,044 80,220
Other assets 39,245 34,846
Derivative assets 29,937 41,109
Intangible assets, net of accumulated amortization of $332 and $700, respectively 66 399
Total Assets 6,280,175 6,532,095
LIABILITIES AND EQUITY:    
Indebtedness, net 2,426,788 2,631,645
Indebtedness associated with real estate held for sale 122,621 0
Accounts payable and accrued expenses 109,074 109,677
Accrued interest payable 7,917 7,713
Dividends payable 36,858 32,189
Other liabilities 9,723 13,004
Total Liabilities 2,712,981 2,794,228
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, 224,706,731 and 224,064,940 shares issued and outstanding, including 288,250 and 232,134 unvested restricted common share awards, respectively 2,247 2,241
Additional paid-in capital 3,751,942 3,751,056
Accumulated other comprehensive income 25,513 35,102
Accumulated deficit (348,405) (191,735)
Total stockholders’ equity 3,431,297 3,596,664
Noncontrolling interests 135,897 141,203
Total Equity 3,567,194 3,737,867
Total Liabilities and Equity $ 6,280,175 $ 6,532,095