Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Assets:
Land		$ 2,822,691	$ 3,019,284
Building and improvements		8,813,115	9,231,644
Real estate		11,635,806	12,250,928
Less: accumulated depreciation and amortization	[1]	(2,385,287)	(2,433,053)
Total real estate, net		9,250,519	9,817,875
Real estate under development	[2]	241,384	402,518
Investments in and advances to real estate joint ventures		570,922	483,861
Other real estate investments		192,123	217,584
Mortgages and other financing receivables		14,448	21,838
Cash and cash equivalents		143,581	238,513
Marketable securities		10,302	13,265
Accounts and notes receivable, net		184,528	189,757
Deferred charges and prepaid expenses		156,155	155,472
Other assets		235,138	223,043
Total assets	[3]	10,999,100	11,763,726
Liabilities:
Notes payable, net		4,381,456	4,596,140
Mortgages and construction loan payable, net		492,416	882,787
Accounts payable and accrued expenses		174,903	185,702
Dividends payable		130,262	128,892
Other liabilities		385,328	431,915
Total liabilities	[4]	5,564,365	6,225,436
Redeemable noncontrolling interests		23,682	16,143
Commitments and contingencies (Footnote 19)
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 421,388,879 and 425,646,380 shares, respectively		4,214	4,256
Paid-in capital		6,117,254	6,152,764
Cumulative distributions in excess of net income		(787,707)	(761,337)
Accumulated other comprehensive loss			(1,480)
Total stockholders' equity		5,333,804	5,394,244
Noncontrolling interests		77,249	127,903
Total equity		5,411,053	5,522,147
Total liabilities and equity		$ 10,999,100	$ 11,763,726

[1] At December 31, 2018 and 2017, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $466,576 and $459,211, respectively.

[2] Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $24.9 million and $27.7 million, as of December 31, 2018 and 2017, respectively.

[3] Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2018 and December 31, 2017 of $239,012 and $644,990, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.

[4] Includes non-recourse liabilities of consolidated VIEs at December 31, 2018 and December 31, 2017 of $143,186 and $417,688, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements.