Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investment in real estate:
Land	$ 1,155,587	$ 1,101,676
Land improvements	2,863,758	2,787,882
Buildings and other depreciable property	622,045	588,041
Investment in real estate	4,641,390	4,477,599
Accumulated depreciation	(1,368,942)	(1,282,423)
Net investment in real estate	3,272,448	3,195,176
Cash	68,812	80,258
Notes receivable, net	34,277	35,463
Investment in unconsolidated joint ventures	19,198	17,741
Deferred commission expense	31,435	30,865
Escrow deposits, goodwill, and other assets, net	44,213	40,897
Total Assets	3,470,383	3,400,400
Liabilities:
Mortgage notes payable, net	1,892,692	1,926,880
Term loan	199,327	199,172
Unsecured lines of credit	0	0
Accrued expenses and accounts payable	94,103	76,044
Deferred revenue – upfront payments from right-to-use contracts	80,832	78,405
Deferred revenue – right-to-use annual payments	10,578	9,878
Accrued interest payable	8,128	8,715
Rents and other customer payments received in advance and security deposits	70,794	74,300
Distributions payable	39,315	34,315
Total Liabilities	2,395,769	2,407,709
Stockholders’ Equity:
Preferred stock value	0	0
Common stock, $0.01 par value	852	843
Paid-in capital	1,096,916	1,039,140
Distributions in excess of accumulated earnings	(231,879)	(250,506)
Accumulated other comprehensive loss	(646)	(553)
Total Stockholders’ Equity	1,001,387	925,068
Non-controlling interests – Common OP Units	73,227	67,623
Total Equity	1,074,614	992,691
Total Liabilities and Equity	3,470,383	3,400,400
6.75% Series C Cumulative Redeemable Perpetual Preferred Stock
Stockholders’ Equity:
Preferred stock value	$ 136,144	$ 136,144