Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate assets:
Operating properties, net of accumulated depreciation of $577,139 and $421,495 in 2019 and 2018, respectively	$ 5,669,324	$ 3,603,011
Projects under development	410,097	24,217
Land	116,860	72,563
Total properties	6,196,281	3,699,791
Real estate assets and other assets held for sale, net of accumulated depreciation and amortization of $61,093 in 2019	360,582	0
Cash and cash equivalents	15,603	2,547
Restricted cash	2,005	148
Notes and accounts receivable	23,680	13,821
Deferred rents receivable	102,314	83,116
Investment in unconsolidated joint ventures	133,884	161,907
Intangible assets, net	257,649	145,883
Other assets	59,449	39,083
Total assets	7,151,447	4,146,296
Liabilities:
Notes payable	2,222,975	1,062,570
Accounts payable and accrued expenses	209,904	110,159
Deferred income	52,269	41,266
Intangible liabilities, net of accumulated amortization of $55,798 and $42,473 in 2019 and 2018, respectively	83,105	56,941
Other liabilities	134,128	54,204
Liabilities of real estate assets held for sale, net of accumulated amortization of $7,771 in 2019	21,231	0
Total liabilities	2,723,612	1,325,140
Commitments and contingencies
Stockholders' investment:
Preferred stock, $1 par value, 20,000,000 shares authorized, 1,716,837 shares issued and outstanding in 2019 and 2018	1,717	1,717
Common stock, $1 par value, 300,000,000 and 175,000,000 shares authorized in 2019 and 2018, respectively, and 149,347,382 and 107,681,130 shares issued in 2019 and 2018, respectively	149,347	107,681
Additional paid-in capital	5,493,883	3,934,385
Treasury stock at cost, 2,584,933 shares in 2019 and 2018	(148,473)	(148,473)
Distributions in excess of cumulative net income	(1,137,200)	(1,129,445)
Total stockholders' investment	4,359,274	2,765,865
Nonredeemable noncontrolling interests	68,561	55,291
Total equity	4,427,835	2,821,156
Total liabilities and equity	$ 7,151,447	$ 4,146,296