CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
REAL ESTATE ASSETS
Land and improvements	$ 1,466,166	$ 1,160,138
Buildings and improvements	5,866,477	5,207,984
Undeveloped land and construction in progress	2,296,130	2,058,510
Total real estate assets held for investment	9,628,773	8,426,632
Accumulated depreciation and amortization	(1,561,361)	(1,391,368)
Total real estate assets held for investment, net	8,067,412	7,035,264
CASH AND CASH EQUIVALENTS (Note 23)	60,044	51,604
RESTRICTED CASH (Notes 3, 4 and 23)	16,300	119,430
MARKETABLE SECURITIES (Notes 16 and 19)	27,098	21,779
CURRENT RECEIVABLES, NET (Notes 2, 6 and 20)	26,489	20,176
DEFERRED RENT RECEIVABLES, NET (Notes 2, 6 and 20)	337,937	267,007
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2, 3 and 5)	212,805	197,574
RIGHT OF USE GROUND LEASE ASSETS (Notes 2 and 18)	96,348
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 7)	55,661	52,873
TOTAL ASSETS	8,900,094	7,765,707
LIABILITIES:
Secured debt, net (Notes 8, 9 and 19)	258,593	335,531
Unsecured debt, net (Notes 8, 9 and 19)	3,049,185	2,552,070
Unsecured line of credit (Notes 8, 9 and 19)	245,000	45,000
Accounts payable, accrued expenses and other liabilities (Note 18)	418,848	374,415
Ground lease liabilities (Notes 2 and 18)	98,400
Accrued dividends and distributions (Notes 13 and 28)	53,219	47,559
Deferred revenue and acquisition-related intangible liabilities, net (Notes 3, 5 and 10)	139,488	149,646
Rents received in advance and tenant security deposits	66,503	60,225
Total liabilities	4,329,236	3,564,446
COMMITMENTS AND CONTINGENCIES (Note 18)
Stockholders’ Equity (Note 13):
Common stock, $.01 par value, 150,000,000 shares authorized, 106,016,287 and 100,746,988 shares issued and outstanding, respectively	1,060	1,007
Additional paid-in capital	4,350,917	3,976,953
Distributions in excess of earnings	(58,467)	(48,053)
Total stockholders’ equity	4,293,510	3,929,907
Noncontrolling Interests (Notes 2 and 11):
Common units of the Operating Partnership	81,917	78,991
Noncontrolling interests in consolidated property partnerships	195,431	192,363
Total noncontrolling interests	277,348	271,354
Total equity	4,570,858	4,201,261
TOTAL LIABILITIES AND EQUITY/CAPITAL	$ 8,900,094	$ 7,765,707

This element represents (1) costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction; (2) the identifiable intangible asset established upon acquisition based on a favorable difference between the terms of an acquired lease and the current market terms for that lease at the acquisition date; and (3) the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. This element is net of accumulated amortization.

No definition available.