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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Real estate properties:    
Land $ 825,451 $ 844,567
Buildings and improvements 7,019,361 7,031,733
Total real estate properties, gross 7,844,812 7,876,300
Accumulated depreciation (1,655,141) (1,534,392)
Total real estate properties, net 6,189,671 6,341,908
Assets of properties held for sale 104,446 1,928
Cash and cash equivalents 49,462 54,976
Restricted cash 13,987 [1] 15,095
Acquired real estate leases and other intangible assets, net 359,909 419,244
Other assets, net 199,515 327,275
Total assets 6,916,990 7,160,426
LIABILITIES AND EQUITY    
Unsecured revolving credit facility 589,000 139,000
Unsecured term loans, net 548,906 548,286
Senior unsecured notes, net 1,819,802 2,216,945
Secured debt and capital leases, net 698,695 744,186
Accrued interest 30,308 26,182
Assumed real estate lease obligations, net 79,134 86,304
Other liabilities 182,923 219,653
Total liabilities 3,948,768 3,980,556
Commitments and contingencies
Equity attributable to common shareholders:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 237,900,277 and 237,729,900 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 2,379 2,377
Additional paid in capital 4,612,264 4,611,419
Cumulative net income 2,104,259 2,140,796
Cumulative other comprehensive loss (175) (266)
Cumulative distributions (3,895,248) (3,731,214)
Total equity attributable to common shareholders 2,823,479 3,023,112
Noncontrolling interest:    
Total equity attributable to noncontrolling interest 144,743 156,758
Total equity 2,968,222 3,179,870
Total liabilities and equity $ 6,916,990 $ 7,160,426
[1] Restricted cash consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties, security deposits for residents of our managed senior living communities and cash held for the operations of our joint venture MOB. Restricted cash as of September 30, 2018 also includes proceeds from our sale of a senior living community in May 2018 that were being held in trust for our benefit to fund future acquisitions by us.