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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real estate properties:    
Land $ 372,714 $ 389,410
Buildings and improvements 3,399,909 3,497,942
Total real estate properties, at cost, gross 3,772,623 3,887,352
Accumulated depreciation (880,678) (898,939)
Total real estate properties, at cost, net 2,891,945 2,988,413
Properties held for sale 20,347 0
Acquired real estate leases, net 83,121 88,760
Cash and cash equivalents 1,742,128 1,802,729
Restricted cash 36,190 32,245
Rents receivable, net of allowance for doubtful accounts of $4,193 and $7,715, respectively 176,740 174,676
Other assets, net 152,678 144,341
Total assets 5,103,149 5,231,164
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior unsecured debt, net 1,312,148 1,450,606
Mortgage notes payable, net 245,691 246,510
Liabilities related to properties held for sale 169 0
Accounts payable and accrued expenses 120,888 123,587
Assumed real estate lease obligations, net 3,624 4,296
Rent collected in advance 23,588 27,340
Security deposits 9,670 10,338
Total liabilities 1,715,778 1,862,677
Preferred shares of beneficial interest, $0.01 par value: 50,000,000 shares authorized;    
Common shares of beneficial interest, $0.01 par value: 350,000,000 shares authorized; 125,502,748 and 126,349,914 shares issued and outstanding, respectively 1,255 1,263
Additional paid in capital 4,393,409 4,414,611
Cumulative net income 2,380,111 2,333,709
Cumulative other comprehensive loss (3,014) (3,687)
Cumulative common distributions (3,111,868) (3,111,868)
Cumulative preferred distributions (657,176) (650,195)
Total shareholders’ equity 3,387,371 3,368,487
Total liabilities and shareholders’ equity 5,103,149 5,231,164
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 shares issued and outstanding, aggregate liquidation preference of $122,880 119,263 119,263
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