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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets:    
Operating real estate, net of accumulated depreciation of $2,395,195 and $2,433,053, respectively $ 9,126,945 $ 9,817,875
Investments in and advances to real estate joint ventures 568,698 483,861
Real estate under development [1] 529,759 402,518
Other real estate investments 187,785 217,584
Mortgages and other financing receivables 31,127 21,838
Cash and cash equivalents 305,577 238,513
Marketable securities 13,131 13,265
Accounts and notes receivable, net 180,451 189,757
Other assets 348,310 378,515
Total assets [2] 11,291,783 11,763,726
Liabilities:    
Notes payable, net 4,591,178 4,596,140
Mortgages payable, net 477,538 882,787
Dividends payable 130,262 128,892
Other liabilities 587,676 617,617
Total liabilities [3] 5,786,654 6,225,436
Redeemable noncontrolling interests 16,151 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 421,387,540 and 425,646,380 shares, respectively 4,214 4,256
Paid-in capital 6,117,862 6,152,764
Cumulative distributions in excess of net income (710,981) (761,337)
Accumulated other comprehensive income/(loss) 72 (1,480)
Total stockholders' equity 5,411,210 5,394,244
Noncontrolling interests 77,768 127,903
Total equity 5,488,978 5,522,147
Total liabilities and equity $ 11,291,783 $ 11,763,726
[1] Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $36.5 million and $27.7 million, as of June 30, 2018 and December 31, 2017, respectively.
[2] Includes restricted assets of consolidated variable interest entities ("VIEs") at June 30, 2018 and December 31, 2017 of $109,987 and $644,990, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.
[3] Includes non-recourse liabilities of consolidated VIEs at June 30, 2018 and December 31, 2017 of $107,215 and $417,688, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.