CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate owned:
Real estate held for investment	$ 12,533,801	$ 12,532,324
Less: accumulated depreciation	(4,467,108)	(4,131,330)
Real estate held for investment, net	8,066,693	8,400,994
Real estate under development (net of accumulated depreciation of $510 and $23, respectively)	197,313	69,754
Real estate held for disposition (net of accumulated depreciation of $45,153 and $0, respectively)	84,243
Total real estate owned, net of accumulated depreciation	8,348,249	8,470,748
Cash and cash equivalents	927	8,106
Restricted cash	23,273	25,185
Notes receivable, net	156,996	153,650
Investment in and advances to unconsolidated joint ventures, net	646,355	588,262
Operating lease right-of-use assets	201,754	204,225
Other assets	173,834	186,296
Total assets	9,551,388	9,636,472
Liabilities:
Secured debt, net	933,087	1,149,441
Unsecured debt, net	3,984,559	3,558,083
Operating lease liabilities	196,346	198,558
Real estate taxes payable	49,239	29,445
Accrued interest payable	30,606	45,199
Security deposits and prepaid rent	46,861	48,353
Distributions payable	115,055	109,382
Accounts payable, accrued expenses, and other liabilities	102,197	90,032
Total liabilities	5,457,950	5,228,493
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership	759,986	1,018,665
Equity:
Common stock, $0.01 par value; 350,000,000 shares authorized: 294,479,942 and 294,588,305 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	2,945	2,946
Additional paid-in capital	5,776,267	5,781,975
Distributions in excess of net income	(2,500,827)	(2,462,132)
Accumulated other comprehensive income/(loss), net	(10,494)	(10,448)
Total stockholders' equity	3,312,656	3,358,542
Noncontrolling interests	20,796	30,772
Total equity	3,333,452	3,389,314
Total liabilities and equity	9,551,388	9,636,472
8.00% Series E Cumulative Convertible Preferred Stock
Equity:
Preferred stock, no par value; 50,000,000 shares authorized:	44,764	46,200
Series F
Equity:
Preferred stock, no par value; 50,000,000 shares authorized:	$ 1	$ 1