CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Real estate:
Land and improvements	$ 4,625,920	$ 4,564,723
Buildings and improvements	18,587,869	18,198,584
Furniture, fixtures and equipment	1,130,525	1,036,640
Gross operating real estate	24,344,314	23,799,947
Less accumulated depreciation	(6,671,984)	(6,208,610)
Net operating real estate	17,672,330	17,591,337
Construction in progress, including land	1,014,252	807,101
Land held for development	167,277	147,546
For-sale condominium inventory	38,509	146,535
Real estate assets held for sale, net	56,275	17,065
Total real estate, net	18,948,643	18,709,584
Cash and cash equivalents	200,999	420,251
Cash in escrow	286,127	123,537
Resident security deposits	36,958	33,757
Investments in unconsolidated entities	217,265	216,390
Deferred development costs	54,806	40,414
Prepaid expenses and other assets	274,272	211,484
Right of use lease assets	145,700	146,599
Total assets	20,164,770	19,902,016
LIABILITIES AND EQUITY
Unsecured notes, net	7,254,365	7,349,394
Variable rate unsecured credit facility and commercial paper	49,985	0
Mortgage notes payable, net	713,609	754,153
Dividends payable	225,437	225,392
Payables for construction	72,585	63,722
Accrued expenses and other liabilities	338,661	296,006
Lease liabilities	165,051	166,497
Accrued interest payable	67,061	50,300
Resident security deposits	63,506	59,787
Liabilities related to real estate assets held for sale	1,067	304
Total liabilities	8,951,327	8,965,555
Commitments and contingencies
Redeemable noncontrolling interests	2,855	3,368
Equity:
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021; zero shares issued and outstanding at September 30, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value; 280,000,000 shares authorized at September 30, 2022 and December 31, 2021; 139,828,342 and 139,751,926 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	1,399	1,398
Additional paid-in capital	10,738,715	10,716,414
Accumulated earnings less dividends	466,888	240,821
Accumulated other comprehensive income (loss)	3,035	(26,106)
Total stockholders' equity	11,210,037	10,932,527
Noncontrolling interests	551	566
Total equity	11,210,588	10,933,093
Total liabilities and equity	$ 20,164,770	$ 19,902,016