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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Land $ 1,016,097 $ 967,375
Buildings and improvements 6,269,561 5,967,023
Real estate assets, at cost, total 7,285,658 6,934,398
Accumulated depreciation (2,080,989) (1,890,656)
Net operating real estate assets 5,204,669 5,043,742
Properties under development, including land 363,481 442,292
Investments in joint ventures 28,420 30,254
Total real estate assets 5,596,570 5,516,288
Accounts receivable – affiliates 23,620 24,028
Other assets, net 189,253 142,010
Short-term Investments 0 100,000
Cash and cash equivalents 350,274 237,364
Restricted cash 9,178 8,462
Total assets 6,168,895 6,028,152
Liabilities    
Unsecured notes payable 1,338,117 1,583,236
Secured notes payable [1] 866,134 897,352
Accounts payable and accrued expenses 127,557 137,813
Accrued real estate taxes 70,027 49,041
Distributions payable 72,962 69,161
Other liabilities 154,506 118,959
Total liabilities 2,629,303 2,855,562
Commitments and contingencies (Note 10)
Non-qualified deferred compensation share awards 73,015 77,037
Equity    
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 105,491 and 100,694 issued; 102,767 and 97,818 outstanding at September 30, 2017 and December 31, 2016, respectively 1,028 978
Additional paid-in capital 4,134,206 3,678,277
Distributions in excess of net income attributable to common shareholders (383,584) (289,180)
Treasury shares, at cost (10,092 and 10,330 common shares at September 30, 2017 and December 31, 2016, respectively) (364,736) (373,339)
Accumulated other comprehensive loss (7) (1,863)
Total common equity 3,386,907 3,014,873
Non-controlling interests 79,670 80,680
Total equity 3,466,577 3,095,553
Total liabilities and equity $ 6,168,895 $ 6,028,152
[1] Unamortized debt discounts and debt issuance costs of $13.0 million and $15.7 million are included in senior unsecured and secured notes payable as of September 30, 2017 and December 31, 2016, respectively.