CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investment in real estate:
Master Planned Community assets	$ 1,667,496	$ 1,669,561
Buildings and equipment	2,155,071	2,027,363
Land	314,383	320,936
Less: accumulated depreciation	(303,887)	(245,814)
Developments	1,124,079	961,980
Net property and equipment	4,957,142	4,734,026
Investment in Real Estate and Other Affiliates	89,155	76,376
Net investment in real estate	5,046,297	4,810,402
Cash and cash equivalents	601,934	665,510
Accounts receivable, net	9,654	10,038
Municipal Utility District receivables, net	193,100	150,385
Deferred expenses, net	76,692	64,531
Prepaid expenses and other assets, net	796,019	666,516
Total assets	6,723,696	6,367,382
Liabilities:
Mortgages, notes and loans payable	2,993,448	2,690,747
Deferred tax liabilities	237,013	200,945
Warrant liabilities		332,170
Accounts payable and accrued expenses	462,853	572,010
Total liabilities	3,693,314	3,795,872
Commitments and Contingencies (see Note 15)
Equity:
Common stock: $.01 par value; 150,000,000 shares authorized, 43,222,932 shares issued and 43,185,718206,550 outstanding as of September 30, 2017 and 39,802,064 shares issued and 39,790,003 outstanding as of December 31, 2016	433	398
Additional paid-in capital	3,295,586	2,853,269
Accumulated deficit	(258,629)	(277,912)
Accumulated other comprehensive loss	(9,017)	(6,786)
Treasury stock, at cost, 16,382 shares as of September 30, 2017 and 12,061 shares as of December 31, 2016, respectively	(1,763)	(1,231)
Total stockholders' equity	3,026,610	2,567,738
Noncontrolling interests	3,772	3,772
Total equity	3,030,382	2,571,510
Total liabilities and equity	$ 6,723,696	$ 6,367,382