Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investment properties:
Land	$ 1,021,829	$ 1,036,901
Building and other improvements	3,544,582	3,607,484
Developments in progress	113,353	48,369
Gross investment properties	4,679,764	4,692,754
Less: accumulated depreciation	(1,383,274)	(1,313,602)
Net investment properties (includes $12,445 and $0 from consolidated variable interest entities, respectively)	3,296,490	3,379,152
Cash and cash equivalents	9,989	14,722
Accounts and notes receivable, net	73,832	78,398
Acquired lease intangible assets, net	79,832	97,090
Right-of-use lease assets	50,241	0
Other assets, net (includes $164 and $1,264 from consolidated variable interest entities, respectively)	75,978	78,108
Total assets	3,586,362	3,647,470
Liabilities:
Mortgages payable, net	94,155	205,320
Unsecured notes payable, net	796,247	696,362
Unsecured term loans, net	716,523	447,367
Unsecured revolving line of credit	18,000	273,000
Accounts payable and accrued expenses	78,902	82,942
Distributions payable	35,387	35,387
Acquired lease intangible liabilities, net	63,578	86,543
Lease liabilities	91,129	0
Other liabilities (includes $1,707 and $428 from consolidated variable interest entities, respectively)	56,368	73,540
Total liabilities	1,950,289	1,900,461
Commitments and contingencies (Note 14)
Equity:
Preferred stock, $0.001 par value, 10,000 shares authorized, none issued or outstanding	0	0
Additional paid-in capital	4,510,484	4,504,702
Accumulated distributions in excess of earnings	(2,865,933)	(2,756,802)
Accumulated other comprehensive loss	(12,288)	(1,522)
Total shareholders' equity	1,632,477	1,746,591
Noncontrolling interests	3,596	418
Total equity	1,636,073	1,747,009
Total liabilities and equity	3,586,362	3,647,470
Class A common stock
Equity:
Class A common stock	$ 214	$ 213