Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Rollforward table of the redeemable noncontrolling interest

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


	Year Ended
	December 31,
	2023		2022
	(In thousands)
Beginning balance	$	178,370	$	213,708
Net income	7,253		6,613
Contributions	—		2,111

Other comprehensive (loss) income - change in value of interest rate swaps	(119)		765
Distributions & redemptions	(9,541)		(32,445)

Change in redemption value	7,400		(12,382)
Ending balance	$	183,363	$	178,370

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,
	2023		2022		2021
	(In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred	$	190,409	$	155,659	$	150,324
Interest capitalized	(22,600)		(18,670)		(22,626)
Interest expense	$	167,809	$	136,989	$	127,698
Cash paid for interest, net of amounts capitalized	$	158,796	$	130,912	$	123,585
Cash paid for income taxes	$	284	$	624	$	386
NON-CASH INVESTING AND FINANCING TRANSACTIONS:







DownREIT operating partnership units redeemed for common shares	$	883	$	1,385	$	7,545

Shares issued under dividend reinvestment plan	$	1,704	$	1,718	$	1,727
5.417% Series 1 Cumulative Convertible Preferred Shares redeemed for common shares	$	—	$	175	$	—

Reconcilition of cash, cash equivalents, and restricted cash


	December 31,
	2023		2022
	(In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	$	250,825	$	85,558
Restricted cash (1)	9,179		10,790
Total cash, cash equivalents, and restricted cash	$	260,004	$	96,348

(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets, and is primarily related to escrow accounts.