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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 652,977 $ 668,918
Buildings and improvements 6,165,490 6,023,625
Total real estate properties, gross 6,818,467 6,692,543
Accumulated depreciation (2,020,843) (1,828,352)
Total real estate properties, net 4,797,624 4,864,191
Investments in unconsolidated joint ventures 129,916 155,477
Assets of properties held for sale 9,447 385
Cash and cash equivalents 245,939 658,065
Restricted cash [1] 1,022 30,237
Investments in equity securities 0 5,880
Acquired real estate leases and other intangible assets, net 33,948 45,351
Other assets, net 222,159 233,791
Total assets 5,446,136 6,002,093
LIABILITIES AND SHAREHOLDERS' EQUITY    
Secured credit facility 0 700,000
Secured debt and finance leases, net 13,020 30,177
Liabilities of properties held for sale 32 0
Accrued interest 22,847 29,417
Other liabilities 262,456 280,986
Total liabilities 3,109,245 3,363,482
Commitments and contingencies
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 240,423,898 and 239,694,842 shares issued and outstanding, respectively 2,405 2,397
Additional paid in capital 4,618,470 4,617,031
Cumulative net income 1,778,278 2,071,850
Cumulative distributions (4,062,262) (4,052,667)
Total equity attributable to common shareholders 2,336,891 2,638,611
Total liabilities and shareholders' equity 5,446,136 6,002,093
Secured Debt    
Real estate properties:    
Total real estate properties, net 1,112,243 58,503
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes 731,211 0
Unsecured debt    
LIABILITIES AND SHAREHOLDERS' EQUITY    
Senior notes 2,072,618 2,317,700
Affiliated Entity    
Real estate properties:    
Due from affiliates 6,081 8,716
LIABILITIES AND SHAREHOLDERS' EQUITY    
Due to affiliates $ 7,061 $ 5,202
[1] As of December 31, 2022 and 2021, restricted cash consisted of proceeds from the sale of assets and proceeds from the sale of joint venture interests held as collateral pursuant to the agreement governing our former credit facility, or our credit agreement. In December 2023, we repaid all $450,000 outstanding under such secured credit facility with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, and then terminated our credit agreement in accordance with its terms and without penalty. As such, we are no longer required to hold any proceeds from the sale of properties as restricted cash. Restricted cash also consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.