CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real estate:
Land and improvements	$ 4,671,252	$ 4,640,971
Buildings and improvements	19,043,489	18,804,510
Furniture, fixtures and equipment	1,252,247	1,174,135
Gross operating real estate	24,966,988	24,619,616
Less accumulated depreciation	(7,349,202)	(6,878,556)
Net operating real estate	17,617,786	17,741,060
Construction in progress, including land	1,317,350	1,072,543
Land held for development	183,158	179,204
Real estate assets held for sale, net	24,731	0
Total real estate, net	19,143,025	18,992,807
Cash and cash equivalents	508,571	613,189
Restricted cash	271,535	121,056
Unconsolidated investments	217,449	212,084
Deferred development costs	64,147	58,489
Prepaid expenses and other assets	362,332	316,808
Right of use lease assets	135,779	143,331
Total assets	20,702,838	20,457,764
LIABILITIES AND EQUITY
Unsecured notes, net	7,207,793	7,602,305
Variable rate unsecured credit facility and commercial paper, net	69,989	0
Mortgage notes payable, net	669,212	713,740
Dividends payable	237,599	226,022
Payables for construction	95,758	72,802
Accrued expenses and other liabilities	355,676	306,186
Lease liabilities	154,451	162,671
Accrued interest payable	69,174	54,100
Resident security deposits	63,856	63,700
Total liabilities	8,923,508	9,201,526
Commitments and contingencies
Redeemable noncontrolling interests	1,729	2,685
Equity:
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at September 30, 2023 and December 31, 2022; zero shares issued and outstanding at September 30, 2023 and December 31, 2022	0	0
Common stock, $0.01 par value; 280,000,000 shares authorized at September 30, 2023 and December 31, 2022; 142,013,995 and 139,916,864 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	1,420	1,400
Additional paid-in capital	11,278,650	10,765,431
Accumulated earnings less dividends	470,980	485,221
Accumulated other comprehensive income	26,474	1,424
Total stockholders' equity	11,777,524	11,253,476
Noncontrolling interests	77	77
Total equity	11,777,601	11,253,553
Total liabilities and equity	$ 20,702,838	$ 20,457,764