CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Real estate, at cost	$ 3,320,574	$ 3,090,134
Real estate - intangible assets	409,756	419,612
Investments in real estate under construction	13,313	0
Real estate, gross	3,743,643	3,509,746
Less: accumulated depreciation and amortization	887,629	954,087
Real estate, net	2,856,014	2,555,659
Assets held for sale	0	63,868
Operating right-of-use assets, net	38,133
Cash and cash equivalents	122,666	168,750
Restricted cash	6,644	8,497
Investments in non-consolidated entities	57,168	66,183
Deferred expenses (net of accumulated amortization of $23,382 in 2019 and $27,397 in 2018)	18,404	15,937
Rent receivable - current	3,229	3,475
Rent receivable - deferred	66,294	58,692
Other assets	11,708	12,779
Total assets	3,180,260	2,953,840
Liabilities:
Mortgages and notes payable, net	390,272	570,420
Term loan payable, net	297,439	298,733
Senior notes payable, net	496,870	496,034
Trust preferred securities, net	127,396	127,296
Dividends payable	32,432	48,774
Liabilities held for sale	0	386
Operating lease liabilities	39,442
Accounts payable and other liabilities	29,925	30,790
Accrued interest payable	7,897	4,523
Deferred revenue - including below market leases (net of accumulated accretion of $11,876 in 2019 and $17,606 in 2018)	20,350	20,531
Prepaid rent	13,518	9,675
Total liabilities	1,455,541	1,607,162
Commitments and contingencies
Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding	94,016	94,016
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 254,770,719 and 235,008,554 shares issued and outstanding in 2019 and 2018, respectively	25	24
Additional paid-in-capital	2,976,670	2,772,855
Accumulated distributions in excess of net income	(1,363,676)	(1,537,100)
Accumulated other comprehensive income (loss)	(1,928)	76
Total shareholders’ equity	1,705,107	1,329,871
Noncontrolling interests	19,612	16,807
Total equity	1,724,719	1,346,678
Total liabilities and equity	$ 3,180,260	$ 2,953,840