Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Investment in real estate, net of accumulated depreciation of $526,973 and $423,057, respectively	$ 4,894,216	$ 3,641,767
Restricted cash-furniture, fixtures and other escrows	31,953	22,651
Due from third party managers, net	50,973	24,743
Other assets, net	41,551	33,614
Total Assets	5,018,693	3,722,775
Liabilities
Revolving credit facility	302,100	114,800
Term loans	570,670	421,444
Mortgage debt	476,405	461,859
Accounts payable and other liabilities	133,119	77,614
Total Liabilities	1,482,294	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 223,406,001 and 174,368,340 shares, respectively	4,461,589	3,500,584
Accumulated other comprehensive loss	(9,991)	(2,057)
Distributions greater than net income	(915,199)	(851,469)
Total Shareholders’ Equity	3,536,399	2,647,058
Total Liabilities and Shareholders’ Equity	$ 5,018,693	$ 3,722,775