CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income/(loss)	$ 46,310	$ 32,925
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Depreciation and amortization	174,174	172,949
(Gain)/loss on sale of real estate owned	(16,867)	(1)
(Income)/loss from unconsolidated entities	(9,085)	(9,707)
Return on investment in unconsolidated joint ventures and partnerships	4,596	4,317
Amortization of share-based compensation	7,258	8,246
Other	10,377	7,690
Changes in operating assets and liabilities:
(Increase)/decrease in operating assets	1,447	(7,119)
Increase/(decrease) in operating liabilities	(50,611)	(41,285)
Net cash provided by/(used in) operating activities	167,599	168,015
Investing Activities
Proceeds from sales of real estate investments, net	98,650
Development of real estate assets	(30,595)	(42,498)
Capital expenditures and other major improvements - real estate assets	(52,563)	(54,353)
Capital expenditures - non-real estate assets	(4,583)	(4,532)
Investment in unconsolidated joint ventures and partnerships	(1,105)	(1,821)
Distributions received from unconsolidated joint ventures and partnerships	4,289	3,108
Proceeds from sale of equity securities	4,624
Purchase deposits on pending acquisitions		(743)
Repayment/(issuance) of notes receivable, net	(270)	(16,501)
Net cash provided by/(used in) investing activities	18,447	(117,340)
Financing Activities
Payments on secured debt	(40,749)	(292)
Net proceeds/(repayment) of commercial paper	(18,075)	105,000
Net proceeds/(repayment) of revolving bank debt	22,467	(14,244)
Distributions paid to redeemable noncontrolling interests	(10,452)	(8,178)
Distributions paid to preferred stockholders	(1,210)	(1,097)
Distributions paid to common stockholders	(138,247)	(125,083)
Other	(2,680)	(7,765)
Net cash provided by/(used in) financing activities	(188,946)	(51,659)
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(2,900)	(984)
Cash, cash equivalents, and restricted cash, beginning of year	34,866	30,194
Cash, cash equivalents, and restricted cash, end of period	31,966	29,210
Supplemental Information:
Interest paid during the period, net of amounts capitalized	69,197	64,707
Operating cash flows from operating leases	3,126	3,126
Cash paid/(refunds received) for income taxes	(51)	206
Non-cash transactions:
Redeemable long-term and short-term incentive plan units		6,989
Development costs and capital expenditures incurred, but not yet paid	34,728	35,524
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (190,278 shares and 9,957 shares, respectively)	7,288	386
Distribution of equity securities from unconsolidated real estate technology investments		7,749
Dividends declared, but not yet paid	$ 151,512	$ 148,409