Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate properties
Land	$ 289,751	$ 230,206
Buildings, improvements and lease intangibles	3,986,326	3,675,415
Personal property	10,538	10,696
Construction in progress	48,731	33,107
Land held for development	24,647	24,647
Total real estate properties	4,359,993	3,974,071
Less accumulated depreciation	(1,121,102)	(1,015,174)
Total real estate properties, net	3,238,891	2,958,897
Cash and cash equivalents	657	8,381
Assets held for sale, net	37	9,272
Operating lease right-of-use assets	126,177
Financing lease right-of-use assets	12,667
Other assets, net	185,426	214,697
Total assets	3,563,855	3,191,247
Liabilities
Notes and bonds payable	1,414,069	1,345,984
Accounts payable and accrued liabilities	78,517	80,411
Liabilities of properties held for sale	145	587
Operating lease liabilities	91,574
Financing lease liabilities	18,037
Other liabilities	61,504	47,623
Total liabilities	1,663,846	1,474,605
Commitments and contingencies
Stockholders' equity
Preferred stock, $.01 par value; 50,000 shares authorized; none issued and outstanding	0	0
Common stock, $.01 par value; 300,000 shares authorized; 134,706 and 125,279 shares issued and outstanding at December 31, 2019 and 2018, respectively.	1,347	1,253
Additional paid-in capital	3,485,003	3,180,284
Accumulated other comprehensive loss	(6,175)	(902)
Cumulative net income attributable to common stockholders	1,127,304	1,088,119
Cumulative dividends	(2,707,470)	(2,552,112)
Total stockholders’ equity	1,900,009	1,716,642
Total liabilities and stockholders' equity	$ 3,563,855	$ 3,191,247