Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate:
Land and land improvements	$ 1,311,504	$ 1,241,593
Building and improvements	4,564,769	4,410,324
Less accumulated depreciation	(978,406)	(945,365)
Operating real estate	4,897,867	4,706,552
Development in progress	440,593	472,169
Land held for development	297,384	296,244
Net real estate	5,635,844	5,474,965
Cash and cash equivalents	96,949	84,923
Restricted cash	17,696	10,899
Accounts receivable	15,992	14,109
Deferred rent receivable	114,944	111,627
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2019, $175,126; December 31, 2018, $165,786)	163,155	157,980
Investments in and advances to unconsolidated joint ventures	353,215	350,981
Assets held for sale	423,846	477,716
Right of use asset	18,097	0
Prepaid expenses and other assets	98,841	251,192
Total assets	6,938,579	6,934,392
LIABILITIES
Mortgage loans, net	396,690	395,202
Unsecured notes, net	2,632,089	2,285,698
Credit facilities	100,000	411,846
Accounts payable	51,267	65,260
Accrued interest	37,236	22,309
Dividend and distributions payable	62,229	60,560
Lease liabilities	18,752	0
Other liabilities	218,131	272,143
Liabilities held for sale	18,035	17,065
Total liabilities	3,534,429	3,530,083
Noncontrolling interest - operating partnership - 213,483 and 301,483 preferred units outstanding as of March 31, 2019 and December 31, 2018, respectively	5,337	7,537
EQUITY
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 148,258,042 and 147,899,354 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	148	148
Additional paid-in capital	3,697,783	3,691,778
Accumulated other comprehensive loss	(51,803)	(55,243)
Distributions in excess of net income	(313,279)	(306,822)
Total Liberty Property Trust shareholders’ equity	3,332,849	3,329,861
Noncontrolling interest - operating partnership
Noncontrolling interest – operating partnership - 3,520,205 common units outstanding as of March 31, 2019 and December 31, 2018	61,280	61,471
Noncontrolling interest – consolidated joint ventures	4,684	5,440
Total equity	3,398,813	3,396,772
Total liabilities, noncontrolling interest - operating partnership and equity	6,938,579	6,934,392
Liberty Property Limited Partnership
Real estate:
Land and land improvements	1,311,504	1,241,593
Building and improvements	4,564,769	4,410,324
Less accumulated depreciation	(978,406)	(945,365)
Operating real estate	4,897,867	4,706,552
Development in progress	440,593	472,169
Land held for development	297,384	296,244
Net real estate	5,635,844	5,474,965
Cash and cash equivalents	96,949	84,923
Restricted cash	17,696	10,899
Accounts receivable	15,992	14,109
Deferred rent receivable	114,944	111,627
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2019, $175,126; December 31, 2018, $165,786)	163,155	157,980
Investments in and advances to unconsolidated joint ventures	353,215	350,981
Assets held for sale	423,846	477,716
Right of use asset	18,097	0
Prepaid expenses and other assets	98,841	251,192
Total assets	6,938,579	6,934,392
LIABILITIES
Mortgage loans, net	396,690	395,202
Unsecured notes, net	2,632,089	2,285,698
Credit facilities	100,000	411,846
Accounts payable	51,267	65,260
Accrued interest	37,236	22,309
Dividend and distributions payable	62,229	60,560
Lease liabilities	18,752	0
Other liabilities	218,131	272,143
Liabilities held for sale	18,035	17,065
Total liabilities	3,534,429	3,530,083
Noncontrolling interest - operating partnership - 213,483 and 301,483 preferred units outstanding as of March 31, 2019 and December 31, 2018, respectively	5,337	7,537
EQUITY
General partner’s equity - 148,258,042 and 147,899,354 common units outstanding as of March 31, 2019 and December 31, 2018, respectively	3,332,849	3,329,861
Limited partners’ equity – 3,520,205 common units outstanding as of March 31, 2019 and December 31, 2018	61,280	61,471
Noncontrolling interest - operating partnership
Noncontrolling interest – consolidated joint ventures	4,684	5,440
Total equity	3,398,813	3,396,772
Total liabilities, noncontrolling interest - operating partnership and equity	$ 6,938,579	$ 6,934,392