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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments in real estate:    
Investments in real estate, at cost $ 6,183,009 $ 6,259,212
Accumulated depreciation (622,713) (582,760)
Investments in real estate, net 5,560,296 5,676,452
Real estate held for sale 98,603 296,334
Investments in real estate under development 109,338 98,365
Cash and cash equivalents 21,275 22,852
Restricted cash 20,625 27,880
Investments in unconsolidated real estate entities 89,487 89,044
Other assets 34,379 39,245
Derivative assets 38,845 29,937
Intangible assets, net of accumulated amortization of $0 and $332, respectively 0 66
Total Assets 5,972,848 6,280,175
LIABILITIES AND EQUITY:    
Indebtedness, net 2,212,273 2,426,788
Indebtedness associated with real estate held for sale 64,825 122,621
Accounts payable and accrued expenses 83,678 109,074
Accrued interest payable 7,145 7,917
Dividends payable 36,896 36,858
Other liabilities 8,928 9,723
Total Liabilities 2,413,745 2,712,981
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, 225,070,396 and 224,706,731 shares issued and outstanding, including 410,984 and 288,250 unvested restricted common share awards, respectively 2,251 2,247
Additional paid-in capital 3,753,833 3,751,942
Accumulated other comprehensive income 34,501 25,513
Accumulated deficit (367,015) (348,405)
Total stockholders’ equity 3,423,570 3,431,297
Noncontrolling interests 135,533 135,897
Total Equity 3,559,103 3,567,194
Total Liabilities and Equity $ 5,972,848 $ 6,280,175