Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Investment in real estate:
Land	$ 1,412,050	$ 1,408,832
Land improvements	3,184,597	3,143,745
Buildings and other depreciable property	747,268	720,900
Investment in real estate	5,343,915	5,273,477
Accumulated depreciation	(1,668,008)	(1,631,888)
Net investment in real estate	3,675,907	3,641,589
Cash and restricted cash	144,222	68,974
Notes receivable, net	34,811	35,041
Investment in unconsolidated joint ventures	58,465	57,755
Deferred commission expense	40,405	40,308
Other assets, net	55,067	46,227
Assets held for sale, net	0	35,914
Total Assets	4,008,877	3,925,808
Liabilities:
Mortgage notes payable, net	2,147,490	2,149,726
Term loan, net	198,706	198,626
Accounts payable and other liabilities	120,298	102,854
Accrued interest payable	8,729	8,759
Rents and other customer payments received in advance and security deposits	86,519	81,114
Distributions payable	58,637	52,617
Liabilities related to assets held for sale	0	12,350
Total Liabilities	2,751,559	2,732,464
Stockholders’ Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of March 31, 2019 and December 31, 2018; none issued and outstanding.	0	0
Common stock, $0.01 par value, 200,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 89,996,134 and 89,921,018 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively.	896	896
Paid-in capital	1,332,410	1,329,391
Distributions in excess of accumulated earnings	(152,848)	(211,034)
Accumulated other comprehensive income	1,368	2,299
Total Stockholders’ Equity	1,181,826	1,121,552
Non-controlling interests – Common OP Units	75,492	71,792
Total Equity	1,257,318	1,193,344
Total Liabilities and Equity	4,008,877	3,925,808
Right-to-use contract upfront payments, deferred, net
Liabilities:
Deferred revenue	118,134	116,363
Right-to-use annual payments
Liabilities:
Deferred revenue	$ 13,046	$ 10,055