Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

The following table provides additional information on our operating and finance leases where we are the lessee:



	Three Months Ended
	March 31, 2019
	(In thousands)

LEASE COST:
Finance lease cost:
Amortization of right-of-use assets	$	321
Interest on lease liabilities	1,456
Operating lease cost	1,504
Variable lease cost	91
Total lease cost	$	3,372

OTHER INFORMATION:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for finance leases	$	1,460
Operating cash flows for operating leases	$	1,511
Financing cash flows for finance leases	$	25

Weighted-average remaining lease term - finance leases	18.9 years
Weighted-average remaining lease term - operating leases	53.7 years
Weighted-average discount rate - finance leases	8.0		%
Weighted-average discount rate - operating leases	4.5		%

The following tables provide supplemental disclosures related to the Consolidated Statements of Cash Flows:



	Three Months Ended
	March 31,
	2019			2018
	(In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred	$	32,580		$	32,276
Interest capitalized	(4,547		)	(6,092		)
Interest expense	$	28,033		$	26,184
Cash paid for interest, net of amounts capitalized	$	32,485		$	31,832
Cash paid for income taxes	$	7		$	57
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
DownREIT operating partnership units redeemed for common shares	$	7,551		$	—
Shares issued under dividend reinvestment plan	$	455		$	477



	March 31,		December 31,
	2019		2018
	(In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	$	43,003	$	64,087
Restricted cash (1)	39,209		44,245
Total cash, cash equivalents, and restricted cash	$	82,212	$	108,332

(1)

Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.