Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Investment in real estate, net of accumulated depreciation of $489,860 and $423,057, respectively	$ 3,603,695	$ 3,641,767
Cash and cash equivalents	21,614	0
Restricted cash-furniture, fixtures and other escrows	20,729	22,651
Due from third party managers, net	45,093	24,743
Other assets, net	34,335	33,614
Total Assets	3,725,466	3,722,775
Liabilities
Revolving credit facility	155,600	114,800
Term loans	470,411	421,444
Mortgage debt	396,641	461,859
Accounts payable and other liabilities	77,245	77,614
Total Liabilities	1,099,897	1,075,717
Shareholders' Equity
Preferred stock, authorized 30,000,000 shares; none issued and outstanding	0	0
Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 174,670,726 and 174,368,340 shares, respectively	3,506,613	3,500,584
Accumulated other comprehensive loss	(14,252)	(2,057)
Distributions greater than net income	(866,792)	(851,469)
Total Shareholders' Equity	2,625,569	2,647,058
Total Liabilities and Shareholders' Equity	$ 3,725,466	$ 3,722,775