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CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Real estate properties $ 5,184,057 $ 4,853,548
Development and value-add properties [1] 654,092 639,647
Real estate, development and value-add properties 5,838,149 5,493,195
Less accumulated depreciation (1,376,198) (1,273,723)
Real estate, net 4,461,951 4,219,472
Unconsolidated investment 7,169 7,539
Cash and cash equivalents 16,957 40,263
Other assets 267,988 251,939
TOTAL ASSETS 4,754,065 4,519,213
LIABILITIES    
Unsecured bank credit facilities, net of debt issuance costs (3,848) (1,520)
Unsecured debt, net of debt issuance costs 1,627,018 1,676,347
Accounts payable and accrued expenses 205,320 146,337
Other liabilities 92,884 89,415
Total Liabilities 1,921,374 1,910,579
STOCKHOLDERS' EQUITY    
Common shares; $.0001 par value; 70,000,000 shares authorized; 49,206,050 shares issued and outstanding at September 30, 2024 and 47,700,432 at December 31, 2023 5 5
Excess shares; $.0001 par value; 30,000,000 shares authorized; zero shares issued 0 0
Additional paid-in capital 3,207,773 2,949,907
Distributions in excess of earning (389,274) (366,473)
Accumulated other comprehensive income 13,940 24,888
Total Stockholders' Equity 2,832,444 2,608,327
Noncontrolling interest in joint ventures 247 307
Total Equity 2,832,691 2,608,634
TOTAL LIABILITIES AND EQUITY $ 4,754,065 $ 4,519,213
BALANCE SHEET PARENTHETICAL DISCLOSURES    
Common shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Common shares, authorized 70,000,000 70,000,000
Common shares, issued 49,206,050 47,700,432
Common shares, outstanding 49,206,050 47,700,432
Excess shares, par value $ 0.0001 $ 0.0001
Excess shares, authorized 30,000,000 30,000,000
Excess Stock, Shares Issued 0 0
[1] Value-add properties are defined in Note 6.