CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Real estate owned:
Real estate held for investment	$ 9,809,142	$ 9,584,716
Less: accumulated depreciation	(3,544,781)	(3,326,312)
Real estate held for investment, net	6,264,361	6,258,404
Real estate under development (net of accumulated depreciation of $3,674 and $3,854, respectively)	347,012	588,636
Real estate held for disposition (net of accumulated depreciation of $77,872 and $0, respectively)	89,964
Total real estate owned, net of accumulated depreciation	6,701,337	6,847,040
Cash and cash equivalents	1,084	2,038
Restricted cash	26,996	19,792
Notes receivable, net	41,009	19,469
Investment in and advances to unconsolidated joint ventures, net	767,376	720,830
Other assets	140,982	124,104
Total assets	7,678,784	7,733,273
Liabilities:
Secured debt, net	798,241	803,269
Unsecured debt, net	3,012,939	2,868,394
Real estate taxes payable	38,581	18,349
Accrued interest payable	27,750	33,432
Security deposits and prepaid rent	31,821	31,916
Distributions payable	95,372	91,455
Accounts payable, accrued expenses, and other liabilities	73,812	102,956
Total liabilities	4,078,516	3,949,771
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership	992,805	948,138
Equity:
Common stock, $0.01 par value; 350,000,000 shares authorized: 268,390,557 and 267,822,069 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	2,684	2,678
Additional paid-in capital	4,619,570	4,651,205
Distributions in excess of net income	(2,075,402)	(1,871,603)
Accumulated other comprehensive income/(loss), net	202	(2,681)
Total stockholders’ equity	2,593,255	2,825,800
Noncontrolling interests	14,208	9,564
Total equity	2,607,463	2,835,364
Total liabilities and equity	7,678,784	7,733,273
8.00% Series E Cumulative Convertible Preferred Stock
Equity:
Preferred stock, no par value; 50,000,000 shares authorized:	46,200	46,200
Series F
Equity:
Preferred stock, no par value; 50,000,000 shares authorized:	$ 1	$ 1