Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investment in real estate:
Land	$ 1,249,414	$ 1,221,375
Land improvements	3,077,835	3,045,221
Buildings and other depreciable property	658,735	649,217
Investment in real estate	4,985,984	4,915,813
Accumulated depreciation	(1,547,574)	(1,516,694)
Net investment in real estate	3,438,410	3,399,119
Cash and restricted cash	73,891	31,085
Notes receivable, net	34,913	49,477
Investment in unconsolidated joint ventures	57,491	53,080
Deferred commission expense	39,550	31,443
Escrow deposits, goodwill, and other assets, net	45,828	45,828
Total Assets	3,690,083	3,610,032
Liabilities:
Mortgage notes payable, net	2,040,506	1,971,715
Term loan	198,383	198,302
Unsecured line of credit	0	30,000
Accrued expenses and accounts payable	85,666	80,744
Deferred revenue – upfront payments from right-to-use contracts	110,267	85,596
Deferred revenue – right-to-use annual payments	13,111	9,932
Accrued interest payable	8,501	8,387
Rents and other customer payments received in advance and security deposits	80,500	79,267
Distributions payable	52,010	46,047
Total Liabilities	2,588,944	2,509,990
Stockholders’ Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of December 31, 2017 and March 31, 2018; none issued and outstanding.	0	0
Common stock, $0.01 par value, 200,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 88,738,205 and 88,585,160 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	883	883
Paid-in capital	1,245,214	1,242,109
Distributions in excess of accumulated earnings	(215,749)	(211,980)
Accumulated other comprehensive income	2,815	942
Total Stockholders’ Equity	1,033,163	1,031,954
Non-controlling interests – Common OP Units	67,976	68,088
Total Equity	1,101,139	1,100,042
Total Liabilities and Equity	$ 3,690,083	$ 3,610,032