Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Real property owned:
Land and land improvements	$ 3,440,650	$ 3,486,620
Buildings and improvements	28,024,971	29,163,305
Acquired lease intangibles	1,500,030	1,617,051
Real property held for sale, net of accumulated depreciation	216,613	1,253,008
Construction in progress	487,742	507,931
Gross real property owned	33,670,006	36,027,915
Less accumulated depreciation and amortization	(6,104,297)	(5,715,459)
Net real property owned	27,565,709	30,312,456
Right of use assets, net	465,866	536,433
Real estate loans receivable, net of credit allowance	443,372	270,382
Net real estate investments	28,474,947	31,119,271
Other assets:
Investments in unconsolidated entities	946,234	583,423
Goodwill	68,321	68,321
Cash and cash equivalents	1,545,046	284,917
Restricted cash	475,997	100,849
Straight-line rent receivable	344,066	466,222
Receivables and other assets	629,031	757,748
Total other assets	4,008,695	2,261,480
Total assets	32,483,642	33,380,751
Liabilities:
Unsecured credit facility and commercial paper	0	1,587,597
Senior unsecured notes	11,420,790	10,336,513
Secured debt	2,377,930	2,990,962
Lease liabilities	418,266	473,693
Accrued expenses and other liabilities	1,041,594	1,009,482
Total liabilities	15,258,580	16,398,247
Redeemable noncontrolling interests	343,490	475,877
Equity:
Common stock	418,691	411,005
Capital in excess of par value	20,823,145	20,190,119
Treasury stock	(104,490)	(78,955)
Cumulative net income	8,327,598	7,353,966
Cumulative dividends	(13,343,721)	(12,223,534)
Accumulated other comprehensive income (loss)	(148,504)	(112,157)
Total Welltower Inc. stockholders’ equity	15,972,719	15,540,444
Noncontrolling interests	908,853	966,183
Total equity	16,881,572	16,506,627
Total liabilities and equity	$ 32,483,642	$ 33,380,751