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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 652,707 $ 668,918
Buildings and improvements 6,114,398 6,023,625
Total real estate properties, gross 6,767,105 6,692,543
Accumulated depreciation (1,965,948) (1,828,352)
Total real estate properties, net 4,801,157 4,864,191
Investments in unconsolidated joint ventures 153,744 155,477
Assets of properties held for sale 24,643 385
Cash and cash equivalents 278,122 658,065
Restricted cash 983 [1] 30,237
Acquired real estate leases and other intangible assets, net 36,605 45,351
Other assets, net 235,002 248,387
Total assets 5,530,256 6,002,093
Liabilities and Shareholders' Equity    
Secured credit facility 450,000 700,000
Senior unsecured notes, net 2,321,320 2,317,700
Secured debt and finance leases, net 13,660 30,177
Liabilities of properties held for sale 427 0
Accrued interest 32,045 29,417
Other liabilities 271,278 286,188
Total liabilities 3,088,730 3,363,482
Commitments and contingencies
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 240,457,549 and 239,694,842 shares issued and outstanding, respectively 2,405 2,397
Additional paid in capital 4,618,138 4,617,031
Cumulative net income 1,880,842 2,071,850
Cumulative distributions (4,059,859) (4,052,667)
Total shareholders' equity 2,441,526 2,638,611
Total liabilities and shareholders' equity $ 5,530,256 $ 6,002,093
[1] As of September 30, 2022, restricted cash consisted of proceeds from the sale of assets and proceeds from the sale of joint venture interests held as collateral pursuant to the agreement governing our credit facility, or our credit agreement. Subsequently, these funds were used to pay for approved expenditures in accordance with our credit agreement. Restricted cash also consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.