CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Real estate owned:
Real estate held for investment	$ 14,872,687	$ 14,352,234
Less: accumulated depreciation	(5,443,351)	(5,136,589)
Real estate held for investment, net	9,429,336	9,215,645
Real estate under development (net of accumulated depreciation of $1,744 and $507, respectively)	399,029	388,062
Total real estate owned, net of accumulated depreciation	9,828,365	9,603,707
Cash and cash equivalents	921	967
Restricted cash	27,768	27,451
Notes receivable, net	37,548	26,860
Investment in and advances to unconsolidated joint ventures, net	691,864	702,461
Operating lease right-of-use assets	195,755	197,463
Other assets	214,765	216,311
Total assets	10,996,986	10,775,220
Liabilities:
Secured debt, net	1,054,836	1,057,380
Unsecured debt, net	4,462,398	4,355,407
Operating lease liabilities	190,881	192,488
Real estate taxes payable	36,791	33,095
Accrued interest payable	45,917	45,980
Security deposits and prepaid rent	53,476	55,441
Distributions payable	132,793	124,729
Accounts payable, accrued expenses, and other liabilities	137,095	136,954
Total liabilities	6,114,187	6,001,474
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership	1,013,165	1,299,442
Equity:
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2022 and December 31, 2021: 324,900,864 and 318,149,635 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	3,249	3,181
Additional paid-in capital	7,243,825	6,884,269
Distributions in excess of net income	(3,426,760)	(3,485,080)
Accumulated other comprehensive income/(loss), net	4,345	(4,261)
Total stockholders' equity	3,869,424	3,442,874
Noncontrolling interests	210	31,430
Total equity	3,869,634	3,474,304
Total liabilities and equity	10,996,986	10,775,220
8.00% Series E Cumulative Convertible Preferred Stock
Equity:
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2022 and December 31, 2021:	44,764	44,764
Series F
Equity:
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2022 and December 31, 2021:	$ 1	$ 1