Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Buildings and improvements	$ 6,324,857	$ 6,784,965
Land	1,285,710	1,291,429
Total real estate	7,610,567	8,076,394
Accumulated depreciation	(2,245,589)	(2,449,883)
Net real estate	5,364,978	5,626,511
Cash and cash equivalents	91,401	95,797
Restricted cash	26,090	205,608
Investment in unconsolidated real estate partnerships	336,077	41,860
Goodwill	32,286	32,286
Other assets, net	283,920	549,821
Total assets	6,134,752	6,551,883
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,223,791	1,985,430
Term loans, net	473,701	796,713
Revolving credit facility borrowings	115,000	462,000
Unsecured notes payable, net	397,852	397,486
Total indebtedness	3,210,344	3,641,629
Accrued liabilities and other	296,894	513,805
Total liabilities	3,507,238	4,155,434
Commitments and contingencies
Redeemable preferred units	77,140	77,143
Equity:
Perpetual Preferred Stock	2,000	2,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at December 31, 2023 and December 31, 2022, and 144,925,604 and 149,086,548 shares issued/outstanding at December 31, 2023 and December 31, 2022, respectively	1,449	1,491
Additional paid-in capital	3,284,716	3,436,635
Accumulated other comprehensive income	22,392	43,562
Distributions in excess of earnings	(958,661)	(1,327,271)
Total AIR equity	2,351,896	2,156,417
Noncontrolling interests in consolidated real estate partnerships	(85,973)	(78,785)
Common noncontrolling interests in AIR Operating Partnership	284,451	241,674
Total equity	2,550,374	2,319,306
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity	$ 6,134,752	$ 6,551,883