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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
REAL ESTATE ASSETS    
Land and improvements $ 1,628,848 $ 1,466,166
Buildings and improvements 6,783,092 5,866,477
Undeveloped land and construction in progress 1,778,106 2,296,130
Total real estate assets held for investment 10,190,046 9,628,773
Accumulated depreciation and amortization (1,798,646) (1,561,361)
Total real estate assets held for investment, net 8,391,400 8,067,412
CASH AND CASH EQUIVALENTS (Note 22) 731,991 60,044
RESTRICTED CASH (Notes 3, 4 and 22) 91,139 16,300
MARKETABLE SECURITIES (Notes 16 and 19) 27,481 27,098
CURRENT RECEIVABLES, NET (Notes 2 and 6) 12,007 26,489
DEFERRED RENT RECEIVABLES, NET (Notes 2 and 6) 386,658 337,937
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2, 3 and 5) 210,949 212,805
RIGHT OF USE GROUND LEASE ASSETS (Notes 2 and 18) 95,523 96,348
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 7) 53,560 55,661
TOTAL ASSETS 10,000,708 8,900,094
LIABILITIES:    
Secured debt, net (Notes 8, 9 and 19) 253,582 258,593
Unsecured debt, net (Notes 8, 9 and 19) 3,670,099 3,049,185
Unsecured line of credit (Notes 8, 9 and 19) 0 245,000
Accounts payable, accrued expenses and other liabilities (Note 18) 445,100 418,848
Ground lease liabilities (Notes 2 and 18) 97,778 98,400
Accrued dividends and distributions (Notes 13 and 27) 59,431 53,219
Deferred revenue and acquisition-related intangible liabilities, net (Notes 2, 3, 5 and 10) 128,523 139,488
Rents received in advance and tenant security deposits 68,874 66,503
Total liabilities 4,723,387 4,329,236
COMMITMENTS AND CONTINGENCIES (Note 18)
Stockholders’ Equity (Note 13):    
Common stock, $.01 par value, 280,000,000 and 150,000,000 shares authorized, respectively, 116,035,827 and 106,016,287 shares issued and outstanding, respectively 1,160 1,060
Additional paid-in capital 5,131,916 4,350,917
Distributions in excess of earnings (103,133) (58,467)
Total stockholders’ equity 5,029,943 4,293,510
Noncontrolling Interests (Notes 2 and 11):    
Common units of the Operating Partnership 49,875 81,917
Noncontrolling interests in consolidated property partnerships 197,503 195,431
Total noncontrolling interests 247,378 277,348
Total equity 5,277,321 4,570,858
TOTAL LIABILITIES AND EQUITY/CAPITAL $ 10,000,708 $ 8,900,094