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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investments in real estate:    
Investments in real estate, at cost $ 6,341,504 $ 6,259,212
Accumulated depreciation (715,702) (582,760)
Investments in real estate, net 5,625,802 5,676,452
Real estate held for sale 0 296,334
Investments in real estate under development 115,221 98,365
Cash and cash equivalents 17,611 22,852
Restricted cash 30,632 27,880
Investments in unconsolidated real estate entities 95,393 89,044
Other assets 43,566 39,245
Derivative assets 18,821 29,937
Intangible assets, net of accumulated amortization of $426 and $332, respectively 1,158 66
Total Assets 5,948,204 6,280,175
LIABILITIES AND EQUITY:    
Indebtedness, net 2,286,694 2,426,788
Indebtedness associated with real estate held for sale 0 122,621
Accounts payable and accrued expenses 119,286 109,074
Accrued interest payable 6,858 7,917
Dividends payable 36,906 36,858
Derivative liabilities 1,779 0
Other liabilities 7,966 9,723
Total Liabilities 2,459,489 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, 225,093,090 and 224,706,731 shares issued and outstanding, including 370,550 and 288,250 unvested restricted common share awards, respectively 2,250 2,247
Additional paid-in capital 3,755,311 3,751,942
Accumulated other comprehensive income 13,835 25,513
Accumulated deficit (416,223) (348,405)
Total stockholders’ equity 3,355,173 3,431,297
Noncontrolling interests 133,542 135,897
Total Equity 3,488,715 3,567,194
Total Liabilities and Equity $ 5,948,204 $ 6,280,175