CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Land	$ 5,779,686	$ 5,785,367
Depreciable property	21,840,344	20,920,654
Projects under development	163,659	411,134
Land held for development	82,026	86,170
Investment in real estate	27,865,715	27,203,325
Accumulated depreciation	(8,260,846)	(7,859,657)
Investment in real estate, net	19,604,869	19,343,668
Investments in unconsolidated entities	79,429	52,782
Cash and cash equivalents	39,707	42,591
Restricted deposits	187,042	57,137
Right-of-use assets	477,693	499,287
Other assets	274,275	291,426
Total assets	20,663,015	20,286,891
Liabilities:
Mortgage notes payable, net	2,281,165	2,293,890
Notes, net	5,833,483	5,335,536
Line of credit and commercial paper	30,000	414,830
Accounts payable and accrued expenses	166,522	107,366
Accrued interest payable	56,777	65,896
Lease liabilities	313,361	329,130
Other liabilities	350,201	345,064
Security deposits	64,617	60,480
Distributions payable	233,306	232,262
Total liabilities	9,329,432	9,184,454
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	459,933	338,951
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of September 30, 2021 and December 31, 2020	37,280	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 375,002,588 shares issued and outstanding as of September 30, 2021 and 372,302,000 shares issued and outstanding as of December 31, 2020	3,750	3,723
Paid in capital	9,131,078	9,128,599
Retained earnings	1,527,115	1,399,715
Accumulated other comprehensive income (loss)	(36,666)	(43,666)
Total shareholders’ equity	10,662,557	10,525,651
Noncontrolling Interests:
Operating Partnership	208,955	233,162
Partially Owned Properties	2,138	4,673
Total Noncontrolling Interests	211,093	237,835
Total equity	10,873,650	10,763,486
Total liabilities and equity/capital	$ 20,663,015	$ 20,286,891