XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
REAL ESTATE ASSETS:    
Land and improvements $ 1,284,582 $ 1,160,138
Buildings and improvements 5,712,448 5,207,984
Undeveloped land and construction in progress 1,827,528 2,058,510
Total real estate assets held for investment 8,824,558 8,426,632
Accumulated depreciation and amortization (1,480,766) (1,391,368)
Total real estate assets held for investment, net 7,343,792 7,035,264
CASH AND CASH EQUIVALENTS 52,415 51,604
RESTRICTED CASH 6,300 119,430
MARKETABLE SECURITIES (Note 11) 25,203 21,779
CURRENT RECEIVABLES, NET (Note 1) 27,563 20,176
DEFERRED RENT RECEIVABLES, NET (Note 1) 297,358 267,007
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Note 1) 203,451 197,574
RIGHT OF USE GROUND LEASE ASSETS (Notes 1 and 10) 82,647  
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 3) 55,992 52,873
TOTAL ASSETS 8,094,721 7,765,707
LIABILITIES:    
Secured debt, net (Notes 4 and 11) 259,455 335,531
Unsecured debt, net (Notes 4 and 11) 2,553,651 2,552,070
Unsecured line of credit (Notes 4, 11 and 16) 375,000 45,000
Accounts payable, accrued expenses and other liabilities 385,567 374,415
Ground lease liabilities (Notes 1 and 10) 87,082  
Accrued dividends and distributions (Note 16) 50,800 47,559
Deferred revenue and acquisition-related intangible liabilities, net 136,266 149,646
Rents received in advance and tenant security deposits 59,997 60,225
Total liabilities 3,907,818 3,564,446
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ Equity (Note 5):    
Common stock, $.01 par value, 150,000,000 shares authorized, 100,972,035 and 100,746,988 shares issued and outstanding, respectively 1,010 1,007
Additional paid-in capital 3,984,867 3,976,953
Distributions in excess of earnings (Note 1) (70,345) (48,053)
Total stockholders’ equity 3,915,532 3,929,907
Noncontrolling Interests (Notes 1 and 6):    
Common units of the Operating Partnership 78,463 78,991
Noncontrolling interests in consolidated property partnerships 192,908 192,363
Total noncontrolling interests 271,371 271,354
Total equity 4,186,903 4,201,261
TOTAL LIABILITIES AND EQUITY (CAPITAL) $ 8,094,721 $ 7,765,707