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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets:    
Operating real estate, net of accumulated depreciation and amortization of $2,376,667 and $2,433,053, respectively $ 9,043,480 $ 9,817,875
Investments in and advances to real estate joint ventures 580,737 483,861
Real estate under development [1] 540,188 402,518
Other real estate investments 191,029 217,584
Mortgages and other financing receivables 29,222 21,838
Cash and cash equivalents 146,386 238,513
Marketable securities 12,026 13,265
Accounts and notes receivable, net 183,440 189,757
Other assets 383,013 378,515
Total assets [2] 11,109,521 11,763,726
Liabilities:    
Notes payable, net 4,409,500 4,596,140
Mortgages and construction loan payable, net 477,974 882,787
Dividends payable 130,263 128,892
Other liabilities 615,613 617,617
Total liabilities [3] 5,633,350 6,225,436
Redeemable noncontrolling interests 20,074 16,143
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $1.00 par value, authorized 5,996,240 shares; 42,580 and 41,200 shares issued and outstanding (in series), respectively; Aggregate liquidation preference $1,064,500 and $1,030,000, respectively 43 41
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 421,391,305 and 425,646,380 shares, respectively 4,214 4,256
Paid-in capital 6,117,339 6,152,764
Cumulative distributions in excess of net income (743,346) (761,337)
Accumulated other comprehensive loss (1,480)
Total stockholders' equity 5,378,250 5,394,244
Noncontrolling interests 77,847 127,903
Total equity 5,456,097 5,522,147
Total liabilities and equity $ 11,109,521 $ 11,763,726
[1] Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $36.9 million and $27.7 million, as of September 30, 2018 and December 31, 2017, respectively.
[2] Includes restricted assets of consolidated variable interest entities ("VIEs") at September 30, 2018 and December 31, 2017 of $234,165 and $644,990, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.
[3] Includes non-recourse liabilities of consolidated VIEs at September 30, 2018 and December 31, 2017 of $143,399 and $417,688, respectively. See Footnote 7 of the Notes to Condensed Consolidated Financial Statements.