CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real estate investments:
Land and improvements	$ 2,235,773	$ 2,261,415
Buildings and improvements	24,250,630	24,323,279
Construction in progress	310,547	265,748
Acquired lease intangibles	1,212,263	1,230,886
Operating lease assets	343,072	346,372
Gross real estate investments	28,352,285	28,427,700
Accumulated depreciation and amortization	(8,030,524)	(7,877,665)
Net real estate investment property	20,321,761	20,550,035
Secured loans receivable and investments, net	615,037	605,567
Investments in unconsolidated real estate entities	471,243	443,688
Net real estate investments	21,408,041	21,599,290
Cash and cash equivalents	169,661	413,327
Escrow deposits and restricted cash	40,551	38,313
Goodwill	1,051,780	1,051,650
Assets held for sale	59,860	9,608
Deferred income tax assets, net	11,610	9,987
Other assets	810,760	807,229
Total assets	23,552,263	23,929,404
Liabilities:
Senior notes payable and other debt	11,759,299	11,895,412
Accrued interest	91,390	111,444
Operating lease liabilities	206,426	209,917
Accounts payable and other liabilities	1,109,279	1,133,066
Liabilities related to assets held for sale	3,853	3,246
Deferred income tax liabilities	65,777	62,638
Total liabilities	13,236,024	13,415,723
Redeemable OP unitholder and noncontrolling interests	244,619	235,490
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, 375,068 and 374,609 shares issued at March 31, 2021 and December 31, 2020, respectively	93,750	93,635
Capital in excess of par value	14,186,692	14,171,262
Accumulated other comprehensive loss	(52,497)	(54,354)
Retained earnings (deficit)	(4,257,001)	(4,030,376)
Treasury stock, 14 and 0 shares at March 31, 2021 and December 31, 2020, respectively	(789)	0
Total Ventas stockholders’ equity	9,970,155	10,180,167
Noncontrolling interests	101,465	98,024
Total equity	10,071,620	10,278,191
Total liabilities and equity	$ 23,552,263	$ 23,929,404