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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real estate properties:    
Land $ 456,614 $ 714,238
Buildings and improvements 3,834,855 5,014,205
Total real estate properties, at cost, gross 4,291,469 5,728,443
Accumulated depreciation (913,303) (1,030,445)
Total real estate properties, at cost, net 3,378,166 4,697,998
Properties held for sale 360,781 0
Acquired real estate leases, net 121,912 198,287
Cash and cash equivalents 1,286,902 364,516
Restricted cash 31,351 32,257
Rents receivable, net of allowance for doubtful accounts of $10,008 and $6,565, respectively 209,089 248,101
Other assets, net 159,845 220,480
Total assets 5,548,046 5,761,639
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior unsecured debt, net 1,460,131 1,598,416
Mortgage notes payable, net 513,561 609,249
Liabilities related to properties held for sale 20,336 0
Accounts payable and accrued expenses 128,590 162,204
Assumed real estate lease obligations, net 5,728 26,784
Rent collected in advance 21,860 31,359
Security deposits 10,610 14,044
Total liabilities 2,160,816 2,442,056
Common shares of beneficial interest, $0.01 par value:    
Common shares of beneficial interest, $0.01 par value: 350,000,000 shares authorized; 129,760,214 and 129,607,279 shares issued and outstanding, respectively 1,298 1,296
Additional paid in capital 4,495,244 4,487,133
Cumulative net income 2,260,098 2,233,852
Cumulative other comprehensive loss (5,963) (53,216)
Cumulative common distributions (3,111,868) (3,111,868)
Cumulative preferred distributions (636,233) (622,271)
Total shareholders’ equity 3,387,230 3,319,583
Total liabilities and shareholders’ equity 5,548,046 5,761,639
Series D    
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Series D preferred shares; 6 1/2% cumulative convertible; 4,915,196 and 4,915,497 shares issued and outstanding, respectively, aggregate liquidation preference of $122,880 and $122,887, respectively 119,263 119,266
Series E    
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Series E preferred shares; 7 1/4% cumulative redeemable on or after May 15, 2016; 11,000,000 shares issued and outstanding, aggregate liquidation preference $275,000 $ 265,391 $ 265,391