Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Buildings and improvements	$ 6,428,478	$ 6,324,857
Land	1,297,414	1,285,710
Total real estate	7,725,892	7,610,567
Accumulated depreciation	(2,319,064)	(2,245,589)
Net real estate	5,406,828	5,364,978
Cash and cash equivalents	87,795	91,401
Restricted cash	26,942	26,090
Investment in unconsolidated real estate partnerships	324,876	336,077
Goodwill	32,286	32,286
Other assets, net	319,579	283,920
Total assets	6,198,306	6,134,752
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,217,191	2,223,791
Term loans, net	473,915	473,701
Revolving credit facility borrowings	260,000	115,000
Unsecured notes payable, net	397,943	397,852
Total indebtedness	3,349,049	3,210,344
Accrued liabilities and other	303,442	296,894
Total liabilities	3,652,491	3,507,238
Commitments and Contingencies
Preferred noncontrolling interests in AIR Operating Partnership	77,140	77,140
Equity:
Perpetual Preferred Stock	2,000	2,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at March 31, 2024 and December 31, 2023, and 145,104,220 and 144,925,604 shares issued/outstanding at March 31, 2024 and December 31, 2023, respectively	1,451	1,449
Additional paid-in capital	3,285,257	3,284,716
Accumulated other comprehensive income	20,473	22,392
Distributions in excess of earnings	(1,029,944)	(958,661)
Total AIR equity	2,279,237	2,351,896
Noncontrolling interests in consolidated real estate partnerships	(89,261)	(85,973)
Common noncontrolling interests in AIR Operating Partnership	278,699	284,451
Total equity	2,468,675	2,550,374
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity	$ 6,198,306	$ 6,134,752