CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate:
Land and improvements	$ 4,392,228	$ 4,299,162
Buildings and improvements	17,093,580	16,668,496
Furniture, fixtures and equipment	913,687	829,242
Gross operating real estate	22,399,495	21,796,900
Less accumulated depreciation	(5,644,219)	(5,164,398)
Net operating real estate	16,755,276	16,632,502
Construction in progress, including land	1,200,502	1,303,751
Land held for development	43,494	0
For-sale condominium inventory	298,429	457,809
Real estate assets held for sale, net	0	38,927
Net operating real estate	18,297,701	18,432,989
Cash and cash equivalents	87,530	39,687
Cash in escrow	94,870	87,927
Resident security deposits	31,949	34,224
Investments in unconsolidated real estate entities	194,317	165,806
Deferred development costs	73,748	70,486
Prepaid expenses and other assets	206,873	164,971
Right of use lease assets	157,623	124,961
Total assets	19,144,611	19,121,051
LIABILITIES AND EQUITY
Unsecured notes, net	6,700,250	6,358,648
Variable rate unsecured credit facility	0	0
Mortgage notes payable, net	863,396	937,642
Dividends payable	225,025	215,414
Payables for construction	88,040	92,135
Accrued expenses and other liabilities	292,275	274,013
Lease liabilities	182,859	140,468
Accrued interest payable	62,248	47,154
Resident security deposits	57,683	61,752
Liabilities related to real estate assets held for sale	0	375
Total liabilities	8,471,776	8,127,601
Commitments and contingencies
Redeemable noncontrolling interests	2,593	3,252
Equity:
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	1,398	1,406
Additional paid-in capital	10,681,158	10,736,733
Accumulated earnings less dividends	29,705	282,913
Accumulated other comprehensive loss	(42,617)	(31,503)
Stockholders' Equity Attributable to Parent	10,669,644	10,989,549
Stockholders' Equity Attributable to Noncontrolling Interest	598	649
Total equity	10,670,242	10,990,198
Total liabilities and equity	$ 19,144,611	$ 19,121,051