Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Real estate:
Land	$ 523	$ 604
Buildings and improvements	1,853	2,162
Furniture, fixtures, and other equipment	303	347
Gross operating real estate	2,679	3,113
Less accumulated depreciation	(1,083)	(1,216)
Net operating real estate	1,596	1,897
Construction in progress	10	14
Total real estate, net	1,606	1,911
Right of use assets	16	21
Cash and cash equivalents	180	101
Accounts receivable	22	33
Other assets	58	43
Total Assets	1,882	2,109
Liabilities:
Debt, net	867	915
Mandatorily redeemable preferred shares	15	15
Accounts payable and accrued expenses	60	82
Dividends payable	0	11
Other liabilities	38	43
Deferred tax liabilities	4	6
Total Liabilities	984	1,072
Commitments and contingencies
Equity:
Common stock, $0.01 par value per share; 1.0 billion shares authorized; 58.2 million and 57.2 million shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	1	1
Additional paid-in-capital	962	954
Retained earnings (deficit)	(67)	80
Noncontrolling interest	2	2
Total Equity	898	1,037
Total Liabilities and Equity	$ 1,882	$ 2,109