Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Real estate:
Land	$ 580	$ 604
Buildings and improvements	2,081	2,162
Furniture, fixtures, and other equipment	328	347
Gross operating real estate	2,989	3,113
Less accumulated depreciation	(1,186)	(1,216)
Net operating real estate	1,803	1,897
Construction in progress	9	14
Total real estate, net	1,812	1,911
Right of use assets	21	21
Cash and cash equivalents	234	101
Accounts receivable	26	33
Other assets	53	43
Total Assets	2,146	2,109
Liabilities:
Debt, net	979	915
Mandatorily redeemable preferred shares	15	15
Accounts payable and accrued expenses	77	82
Dividends payable	11	11
Other liabilities	50	43
Deferred tax liabilities	7	6
Total Liabilities	1,139	1,072
Equity:
Common stock, $0.01 par value per share; 1.0 billion shares authorized; 58.1 million and 57.2 million shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	1	1
Additional paid-in-capital	956	954
Retained earnings	48	80
Noncontrolling interest	2	2
Total Equity	1,007	1,037
Total Liabilities and Equity	$ 2,146	$ 2,109