CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate owned:
Real estate held for investment	$ 11,011,516	$ 10,196,159
Less: accumulated depreciation	(3,878,897)	(3,654,160)
Total real estate owned, net of accumulated depreciation	7,132,619	6,541,999
Cash and cash equivalents	981	185,216
Restricted cash	23,042	23,675
Notes receivable, net	37,494	42,259
Investment in and advances to unconsolidated joint ventures, net	769,000	780,869
Operating lease right-of-use assets	93,939
Other assets	140,191	137,710
Total assets	8,197,266	7,711,728
Liabilities:
Secured debt, net	598,389	601,227
Unsecured debt, net	3,272,200	2,946,560
Operating lease liabilities	88,099
Real estate taxes payable	23,919	20,608
Accrued interest payable	42,029	38,747
Security deposits and prepaid rent	35,222	35,060
Distributions payable	105,611	97,666
Accounts payable, accrued expenses, and other liabilities	63,250	76,343
Total liabilities	4,228,719	3,816,211
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership	1,000,532	972,740
Equity:
Common stock, $0.01 par value; 350,000,000 shares authorized: 283,104,643 and 275,545,900 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	2,831	2,755
Additional paid-in capital	5,244,819	4,920,732
Distributions in excess of net income	(2,336,609)	(2,063,996)
Accumulated other comprehensive income/(loss), net	(7,838)	(67)
Total stockholders' equity	2,949,404	2,905,625
Noncontrolling interests	18,611	17,152
Total equity	2,968,015	2,922,777
Total liabilities and equity	8,197,266	7,711,728
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