CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Operating real estate, net	$ 3,238,031	$ 3,260,139
Real estate under development	234,338	247,349
Net investments in real estate	3,472,369	3,507,488
Notes receivable, net	101,410	101,450
Investments in and advances to unconsolidated affiliates	256,332	249,807
Other assets, net	162,596	173,809
Right-of-use assets - operating leases, net	74,803	76,268
Cash and cash equivalents	15,424	19,232
Restricted cash	15,723	14,692
Rents receivable, net	46,356	44,136
Assets of properties held for sale	8,669
Total assets	4,153,682	4,186,882
LIABILITIES
Mortgage and other notes payable, net	1,188,695	1,204,581
Unsecured notes payable, net	420,960	420,858
Unsecured line of credit	105,400	138,400
Accounts payable and other liabilities	237,058	269,911
Lease liability - operating leases, net	87,910	88,816
Dividends and distributions payable	14,018	147
Distributions in excess of income from, and investments in, unconsolidated affiliates	15,272	15,616
Total liabilities	2,069,313	2,138,329
Commitments and contingencies
Acadia Shareholders' Equity
Common shares, $0.001 par value, authorized 200,000,000 shares, issued and outstanding 86,302,352 and 86,268,303 shares, respectively	86	86
Additional paid-in capital	1,683,552	1,683,165
Accumulated other comprehensive loss	(41,962)	(74,891)
Distributions in excess of accumulated earnings	(174,829)	(167,046)
Total Acadia shareholders’ equity	1,466,847	1,441,314
Noncontrolling interests	617,522	607,239
Total equity	2,084,369	2,048,553
Total liabilities and equity	$ 4,153,682	$ 4,186,882