CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments:
Land and improvements	$ 2,283,929	$ 2,114,406
Buildings and improvements	24,380,440	22,437,243
Construction in progress	461,354	422,334
Acquired lease intangibles	1,306,152	1,502,955
Operating lease assets	385,225	0
Real estate investments, gross	28,817,100	26,476,938
Accumulated depreciation and amortization	(7,088,013)	(6,383,281)
Net real estate property	21,729,087	20,093,657
Secured loans receivable and investments, net	704,612	495,869
Investments in unconsolidated real estate entities	45,022	48,378
Net real estate investments	22,478,721	20,637,904
Cash and cash equivalents	106,363	72,277
Escrow deposits and restricted cash	39,739	59,187
Goodwill	1,051,161	1,050,548
Assets held for sale	91,433	5,454
Deferred income tax assets, net	47,495	0
Other assets	877,296	759,185
Total assets	24,692,208	22,584,555
Liabilities:
Senior notes payable and other debt	12,158,773	10,733,699
Accrued interest	111,115	99,667
Operating lease liabilities	251,196	0
Accounts payable and other liabilities	1,145,700	1,086,030
Liabilities related to assets held for sale	5,463	205
Deferred income tax liabilities	200,831
Deferred income tax liabilities, net		205,219
Total liabilities	13,873,078	12,124,820
Redeemable OP unitholder and noncontrolling interests	273,678	188,141
Commitments and contingencies
Ventas stockholders’ equity:
Preferred stock, $1.00 par value; 10,000 shares authorized, unissued	0	0
Common stock, $0.25 par value; 600,000 shares authorized, 372,811 and 356,572 shares issued at December 31, 2019 and 2018, respectively	93,185	89,125
Capital in excess of par value	14,056,453	13,076,528
Accumulated other comprehensive loss	(34,564)	(19,582)
Retained earnings (deficit)	(3,669,050)	(2,930,214)
Treasury stock, 2 and 0 shares at December 31, 2019 and 2018, respectively	(132)	0
Total Ventas stockholders’ equity	10,445,892	10,215,857
Noncontrolling interests	99,560	55,737
Total equity	10,545,452	10,271,594
Total liabilities and equity	$ 24,692,208	$ 22,584,555