CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real estate:
Land and improvements	$ 4,647,879	$ 4,640,971
Buildings and improvements	18,906,003	18,804,510
Furniture, fixtures and equipment	1,221,610	1,174,135
Gross operating real estate	24,775,492	24,619,616
Less accumulated depreciation	(7,193,053)	(6,878,556)
Net operating real estate	17,582,439	17,741,060
Construction in progress, including land	1,202,977	1,072,543
Land held for development	195,115	179,204
Real estate assets held for sale, net	81,047	0
Total real estate, net	19,061,578	18,992,807
Cash and cash equivalents	769,622	613,189
Cash in escrow	177,376	121,056
Resident security deposits	39,027	36,815
Unconsolidated investments	216,533	212,084
Deferred development costs	71,421	58,489
Prepaid expenses and other assets	334,460	279,993
Right of use lease assets	136,180	143,331
Total assets	20,806,197	20,457,764
LIABILITIES AND EQUITY
Unsecured notes, net	7,355,693	7,602,305
Variable rate unsecured credit facility and commercial paper	0	0
Mortgage notes payable, net	707,006	713,740
Dividends payable	237,147	226,022
Payables for construction	88,961	72,802
Accrued expenses and other liabilities	319,271	306,186
Lease liabilities	154,957	162,671
Accrued interest payable	61,014	54,100
Resident security deposits	65,070	63,700
Total liabilities	8,989,119	9,201,526
Commitments and contingencies
Redeemable noncontrolling interests	1,513	2,685
Equity:
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022; zero shares issued and outstanding at June 30, 2023 and December 31, 2022	0	0
Common stock, $0.01 par value; 280,000,000 shares authorized at June 30, 2023 and December 31, 2022; 142,014,755 and 139,916,864 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	1,420	1,400
Additional paid-in capital	11,269,159	10,765,431
Accumulated earnings less dividends	534,291	485,221
Accumulated other comprehensive income	10,618	1,424
Total stockholders' equity	11,815,488	11,253,476
Noncontrolling interests	77	77
Total equity	11,815,565	11,253,553
Total liabilities and equity	$ 20,806,197	$ 20,457,764