Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Rollforward table of the redeemable noncontrolling interest

The following table provides a rollforward of the redeemable noncontrolling interests:


	Year Ended
	December 31,
	2021		2020
	(In thousands)
Beginning balance	$	137,720	$	139,758
Contributions	74,530		19,335
Net income	4,296		2,228
Other comprehensive income (loss) - change in value of interest rate swaps	320		(471)
Distributions & redemptions	(5,268)		(1,197)

Change in redemption value	2,110		(21,933)
Ending balance	$	213,708	$	137,720

Schedule of supplemental disclosures related to the Consolidated Statements Of Cash Flows

The following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows:


	Year Ended December 31,
	2021		2020		2019
	(In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred	$	150,324	$	159,718	$	130,110
Interest capitalized	(22,626)		(23,429)		(20,487)
Interest expense	$	127,698	$	136,289	$	109,623
Cash paid for interest, net of amounts capitalized	$	123,585	$	130,248	$	106,180
Cash paid for income taxes	$	386	$	580	$	483
NON-CASH INVESTING AND FINANCING TRANSACTIONS:

DownREIT operating partnership units issued with acquisition	$	—	$	18,920	$	—
Mortgage loans assumed with acquisition (1)	$	—	$	8,903	$	98,041




DownREIT operating partnership units redeemed for common shares	$	7,545	$	—	$	14,105
Settlement of partner loan receivable via dilution of partner interests	$	—	$	—	$	5,379
Shares issued under dividend reinvestment plan	$	1,727	$	1,734	$	1,784

(1) See our Annual Report on Form 10-K for the year ended December 31, 2020 for additional disclosures relating to the mortgages entered into and assumed as a result of the Hoboken acquisition.

Reconcilition of cash, cash equivalents, and restricted cash


	December 31,
	2021		2020
	(In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	$	162,132	$	798,329
Restricted cash (1)	13,031		18,567
Total cash, cash equivalents, and restricted cash	$	175,163	$	816,896

(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.