CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	[1]
Real property owned:
Land and land improvements	$ 4,373,058	$ 4,249,834
Buildings and improvements	35,010,855	33,651,336
Acquired lease intangibles	1,961,799	1,945,458
Real property held for sale, net of accumulated depreciation	355,380	133,058
Construction in progress	1,338,076	1,021,080
Less accumulated depreciation and amortization	(8,868,627)	(8,075,733)
Net real property owned	34,170,541	32,925,033
Right of use assets, net	338,693	323,942
Real estate loans receivable, net of credit allowance	1,181,265	890,844
Net real estate investments	35,690,499	34,139,819
Other assets:
Investments in unconsolidated entities	1,568,096	1,499,790
Goodwill	68,321	68,321
Cash and cash equivalents	2,582,037	631,681
Restricted cash	104,674	90,611
Straight-line rent receivable	405,154	322,173
Receivables and other assets	1,235,921	1,140,838
Total other assets	5,964,203	3,753,414
Total assets	41,654,702	37,893,233
Liabilities:
Unsecured credit facility and commercial paper	0	0
Senior unsecured notes	13,453,985	12,437,273
Secured debt	2,380,253	2,110,815
Lease liabilities	365,115	415,824
Accrued expenses and other liabilities	1,636,730	1,535,325
Total liabilities	17,836,083	16,499,237
Redeemable noncontrolling interests	244,793	384,443
Equity:
Common stock	533,918	491,919
Capital in excess of par value	30,056,076	26,742,750
Treasury stock	(112,313)	(111,001)
Cumulative net income	9,061,133	8,804,950
Cumulative dividends	(16,435,416)	(15,514,097)
Accumulated other comprehensive income (loss)	(149,362)	(119,707)
Total Welltower Inc. stockholders’ equity	22,954,036	20,294,814
Noncontrolling interests	619,790	714,739
Total equity	23,573,826	21,009,553
Total liabilities and equity	$ 41,654,702	$ 37,893,233

[1] The consolidated balance sheet at December 31, 2022 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.