CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate, at cost:
Land	$ 3,390,871	$ 3,286,004
Buildings and improvements	9,243,890	9,010,778
Total real estate, at cost	12,634,761	12,296,782
Less accumulated depreciation and amortization	(1,768,272)	(1,687,665)
Net real estate held for investment	10,866,489	10,609,117
Real estate held for sale, net	1,778	9,767
Net real estate	10,868,267	10,618,884
Cash and cash equivalents	8,695	40,294
Accounts receivable, net	82,990	81,678
Acquired lease intangible assets, net	1,017,411	1,034,417
Goodwill	15,283	15,321
Other assets, net	44,457	54,785
Total assets	12,037,103	11,845,379
LIABILITIES AND EQUITY
Distributions payable	52,483	50,344
Accounts payable and accrued expenses	86,328	115,826
Acquired lease intangible liabilities, net	249,454	250,916
Other liabilities	43,250	53,965
Line of credit payable	653,000	238,000
Term loans, net	318,908	318,835
Mortgages payable, net	514,041	646,187
Notes payable, net	3,619,149	3,617,973
Total liabilities	$ 5,536,613	$ 5,292,046
Commitments and contingencies
Stockholders' equity:
Preferred stock and paid in capital, par value $0.01 per share, 69,900,000 shares authorized, 16,350,000 shares issued and outstanding as of March 31, 2016 and December 31, 2015, liquidation preference $25.00 per share	$ 395,378	$ 395,378
Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 251,081,853 shares issued and outstanding as of March 31, 2016 and 250,416,757 shares issued and outstanding as of December 31, 2015	7,699,837	7,666,428
Distributions in excess of net income	(1,616,216)	(1,530,210)
Total stockholders' equity	6,478,999	6,531,596
Noncontrolling interests	21,491	21,737
Total equity	6,500,490	6,553,333
Total liabilities and equity	$ 12,037,103	$ 11,845,379