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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real estate properties:    
Land $ 328,351 $ 389,410
Buildings and improvements 3,074,591 3,497,942
Total real estate properties, at cost, gross 3,402,942 3,887,352
Accumulated depreciation (828,786) (898,939)
Total real estate properties, at cost, net 2,574,156 2,988,413
Properties held for sale 150,766 0
Acquired real estate leases, net 70,724 88,760
Cash and cash equivalents 1,772,337 1,802,729
Restricted cash 33,777 32,245
Rents receivable, net of allowance for doubtful accounts of $4,431 and $7,715, respectively 169,800 174,676
Other assets, net 140,215 144,341
Total assets 4,911,775 5,231,164
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior unsecured debt, net 1,312,707 1,450,606
Mortgage notes payable, net 244,850 246,510
Liabilities related to properties held for sale 1,687 0
Accounts payable and accrued expenses 117,363 123,587
Assumed real estate lease obligations, net 2,761 4,296
Rent collected in advance 24,615 27,340
Security deposits 9,154 10,338
Total liabilities 1,713,137 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; 125,533,376 and 126,349,914 shares issued and outstanding, respectively 1,255 1,263
Additional paid in capital 4,398,033 4,414,611
Cumulative net income 2,467,955 2,333,709
Cumulative other comprehensive loss (2,234) (3,687)
Cumulative common distributions (3,111,868) (3,111,868)
Cumulative preferred distributions (673,766) (650,195)
Total shareholders’ equity 3,198,638 3,368,487
Total liabilities and shareholders’ equity 4,911,775 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; 0 and 11,000,000 shares issued and outstanding, respectively, aggregate liquidation preference $0 and $275,000, respectively $ 0 $ 265,391