CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate:
Land and improvements	$ 4,361,878	$ 4,299,162
Buildings and improvements	16,916,054	16,668,496
Furniture, fixtures and equipment	888,633	829,242
Gross operating real estate	22,166,565	21,796,900
Less accumulated depreciation	(5,489,485)	(5,164,398)
Net operating real estate	16,677,080	16,632,502
Construction in progress, including land	1,272,171	1,303,751
Land held for development	39,829	0
For-sale condominium inventory	311,236	457,809
Real estate assets held for sale, net	0	38,927
Net operating real estate	18,300,316	18,432,989
Cash and cash equivalents	322,817	39,687
Cash in escrow	92,877	87,927
Resident security deposits	33,805	34,224
Investments in unconsolidated real estate entities	176,352	165,806
Deferred development costs	81,395	70,486
Prepaid expenses and other assets	184,023	164,971
Right of use lease assets	159,905	124,961
Total assets	19,351,490	19,121,051
LIABILITIES AND EQUITY
Unsecured notes, net	6,698,438	6,358,648
Variable rate unsecured credit facility	0	0
Mortgage notes payable, net	931,772	937,642
Dividends payable	226,126	215,414
Payables for construction	80,588	92,135
Accrued expenses and other liabilities	252,627	274,013
Lease liabilities	183,507	140,468
Accrued interest payable	44,337	47,154
Resident security deposits	60,536	61,752
Liabilities related to real estate assets held for sale	0	375
Total liabilities	8,477,931	8,127,601
Commitments and contingencies
Redeemable noncontrolling interests	2,754	3,252
Equity:
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at June 30, 2020 and December 31, 2019; zero shares issued and outstanding at June 30, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value; 280,000,000 shares authorized at June 30, 2020 and December 31, 2019; 140,743,120 and 140,643,962 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	1,407	1,406
Additional paid-in capital	10,742,796	10,736,733
Accumulated earnings less dividends	172,304	282,913
Accumulated other comprehensive loss	(46,317)	(31,503)
Stockholders' Equity Attributable to Parent	10,870,190	10,989,549
Stockholders' Equity Attributable to Noncontrolling Interest	615	649
Total equity	10,870,805	10,990,198
Total liabilities and equity	$ 19,351,490	$ 19,121,051