CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Land	$ 5,794,771	$ 5,936,188
Depreciable property	21,076,222	21,319,101
Projects under development	337,696	181,630
Land held for development	103,900	96,688
Investment in real estate	27,312,589	27,533,607
Accumulated depreciation	(7,738,318)	(7,276,786)
Investment in real estate, net	19,574,271	20,256,821
Investments in unconsolidated entities	54,828	52,238
Cash and cash equivalents	178,333	45,753
Restricted deposits	56,881	71,246
Right-of-use assets	502,184	512,774
Other assets	257,481	233,937
Total assets	20,623,978	21,172,769
Liabilities:
Mortgage notes payable, net	2,313,833	1,941,610
Notes, net	6,082,897	6,077,513
Line of credit and commercial paper		1,017,833
Accounts payable and accrued expenses	158,611	94,350
Accrued interest payable	65,669	66,852
Lease liabilities	329,684	331,334
Other liabilities	331,522	346,963
Security deposits	61,453	70,062
Distributions payable	232,237	218,326
Total liabilities	9,575,906	10,164,843
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	293,706	463,400
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of September 30, 2020 and December 31, 2019	37,280	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 372,239,249 shares issued and outstanding as of September 30, 2020 and 371,670,884 shares issued and outstanding as of December 31, 2019	3,722	3,717
Paid in capital	9,166,018	8,965,577
Retained earnings	1,371,938	1,386,495
Accumulated other comprehensive income (loss)	(61,478)	(77,563)
Total shareholders’ equity	10,517,480	10,315,506
Noncontrolling Interests:
Operating Partnership	232,516	227,837
Partially Owned Properties	4,370	1,183
Total Noncontrolling Interests	236,886	229,020
Total equity	10,754,366	10,544,526
Total liabilities and equity/capital	$ 20,623,978	$ 21,172,769