Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Land	$ 573,315	$ 573,315
Income producing property	2,123,807	2,112,088
Real estate investment property, at cost	2,697,122	2,685,403
Accumulated depreciation and amortization	(680,231)	(657,425)
Net income producing property	2,016,891	2,027,978
Properties under development or held for future development	42,914	40,232
Total real estate held for investment, net	2,059,805	2,068,210
Cash and cash equivalents	15,214	11,305
Restricted cash	1,430	6,317
Rents and other receivables, net of allowance for doubtful accounts of $2,430 and $2,377, respectively	69,038	64,319
Prepaid expenses and other assets	108,622	103,468
Total assets	2,254,109	2,253,619
Liabilities
Notes payable, net	893,424	843,084
Mortgage notes payable, net	97,814	148,540
Lines of credit	123,000	120,000
Accounts payable and other liabilities	50,684	46,967
Dividend payable	0	22,414
Advance rents	11,948	11,750
Tenant security deposits	9,002	8,802
Total liabilities	1,185,872	1,201,557
Shareholders’ equity
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	0	0
Shares of beneficial interest, $0.01 par value; 100,000 shares authorized; 75,702 and 74,606 shares issued and outstanding, respectively	757	746
Additional paid in capital	1,400,093	1,368,636
Distributions in excess of net income	(342,020)	(326,047)
Accumulated other comprehensive loss	8,346	7,611
Total shareholders’ equity	1,067,176	1,050,946
Noncontrolling interests in subsidiaries	1,061	1,116
Total equity	1,068,237	1,052,062
Total liabilities and equity	$ 2,254,109	$ 2,253,619