Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investment in real estate:
Land	$ 1,100,490	$ 1,091,550
Land improvements	2,763,483	2,734,304
Buildings and other depreciable property	576,456	562,059
Investment in real estate	4,440,429	4,387,913
Accumulated depreciation	(1,226,027)	(1,169,492)
Net investment in real estate	3,214,402	3,218,421
Cash	84,945	73,714
Notes receivable, net	35,464	37,137
Investment in unconsolidated joint ventures	17,963	13,512
Deferred financing costs, net	24,800	21,833
Deferred commission expense	29,960	28,589
Escrow deposits, goodwill, and other assets, net	39,974	53,133
Total Assets	3,447,508	3,446,339
Liabilities:
Mortgage notes payable	1,966,517	2,012,246
Term loan	200,000	200,000
Unsecured lines of credit	0	0
Accrued payroll and other operating expenses	86,863	64,520
Deferred revenue – upfront payments from right-to-use contracts	76,402	74,174
Deferred revenue – right-to-use annual payments	13,282	9,790
Accrued interest payable	8,705	9,496
Rents and other customer payments received in advance and security deposits	79,748	67,463
Distributions payable	34,312	29,623
Total Liabilities	2,465,829	2,467,312
Stockholders’ Equity:
Preferred stock value	0	0
Common stock, $0.01 par value	843	838
Paid-in capital	1,037,290	1,029,601
Distributions in excess of accumulated earnings	(258,457)	(254,209)
Accumulated other comprehensive loss	(1,034)	(381)
Total Stockholders’ Equity	914,786	911,993
Non-controlling interests – Common OP Units	66,893	67,034
Total Equity	981,679	979,027
Total Liabilities and Equity	3,447,508	3,446,339
6.75% Series C Cumulative Redeemable Perpetual Preferred Stock
Stockholders’ Equity:
Preferred stock value	$ 136,144	$ 136,144