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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets:    
Operating real estate, net of accumulated depreciation of $2,440,836 and $2,433,053, respectively $ 9,362,899 $ 9,817,875
Investments in and advances to real estate joint ventures 560,068 483,861
Real estate under development [1] 465,682 402,518
Other real estate investments 203,905 217,584
Mortgages and other financing receivables 21,376 21,838
Cash and cash equivalents 218,313 238,513
Marketable securities 11,627 13,265
Accounts and notes receivable, net 184,533 189,757
Other assets 344,099 378,515
Total assets [2] 11,372,502 11,763,726
Liabilities:    
Notes payable, net 4,597,967 4,596,140
Mortgages payable, net 499,355 882,787
Declaration of dividends paid in succeeding period 132,209 128,892
Other liabilities 624,423 617,617
Total liabilities [3] 5,853,954 6,225,436
Redeemable noncontrolling interests 16,146 16,143
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 5,996,240 shares, 42,580 and 41,200 shares issued and outstanding (in series), respectively; Aggregate liquidation preference $1,064,500 and $1,030,000, respectively 43 41
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 424,899,762 and 425,646,380 shares, respectively 4,249 4,256
Paid-in capital 6,164,185 6,152,764
Cumulative distributions in excess of net income (743,845) (761,337)
Accumulated other comprehensive loss (66) (1,480)
Total stockholders' equity 5,424,566 5,394,244
Noncontrolling interests 77,836 127,903
Total equity 5,502,402 5,522,147
Total liabilities and equity $ 11,372,502 $ 11,763,726
[1] Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $31.8 million and $27.7 million, as of March 31, 2018 and December 31, 2017, respectively.
[2] Includes restricted assets of consolidated variable interest entities ("VIEs") at March 31, 2018 and December 31, 2017 of $111,268 and $644,990, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.
[3] Includes non-recourse liabilities of consolidated VIEs at March 31, 2018 and December 31, 2017 of $114,617 and $417,688, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.