Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Rollforward table of the redeemable noncontrolling interest

The following table provides a rollforward of the redeemable noncontrolling interests:


	Year Ended
	December 31,
	2022		2021
	(In thousands)
Beginning balance	$	213,708	$	137,720
Net income	6,613		4,296
Contributions	2,111		74,530

Other comprehensive income - change in value of interest rate swaps	765		320
Distributions & redemptions	(32,445)		(5,268)

Change in redemption value	(12,382)		2,110
Ending balance	$	178,370	$	213,708

Schedule of supplemental disclosures related to the Consolidated Statements Of Cash Flows

The following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows:


	Year Ended December 31,
	2022		2021		2020
	(In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred	$	155,659	$	150,324	$	159,718
Interest capitalized	(18,670)		(22,626)		(23,429)
Interest expense	$	136,989	$	127,698	$	136,289
Cash paid for interest, net of amounts capitalized	$	130,912	$	123,585	$	130,248
Cash paid for income taxes	$	624	$	386	$	580
NON-CASH INVESTING AND FINANCING TRANSACTIONS:

DownREIT operating partnership units issued with acquisition	$	—	$	—	$	18,920
Mortgage loans assumed with acquisition (1)	$	—	$	—	$	8,903




DownREIT operating partnership units redeemed for common shares	$	1,385	$	7,545	$	—

Shares issued under dividend reinvestment plan	$	1,718	$	1,727	$	1,734
5.417% Series 1 Cumulative Convertible Preferred Shares redeemed for common shares	$	175	$	—	$	—

(1) See our Annual Report on Form 10-K for the year ended December 31, 2020 for additional disclosures relating to the mortgages entered into and assumed as a result of the Hoboken acquisition.

Reconcilition of cash, cash equivalents, and restricted cash


	December 31,
	2022		2021
	(In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	$	85,558	$	162,132
Restricted cash (1)	10,790		13,031
Total cash, cash equivalents, and restricted cash	$	96,348	$	175,163

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