(in thousands, except for per share and share amounts) 2000 1999 Assets Rental property:   Land   $ 644,326   $ 674,390   Buildings 1,836,214 2,082,533   Tenant improvements 325,936 304,983   Furniture, fixtures and equipment 6,844 5,916 2,813,320 3,067,822   Less: Accumulated depreciation (381,260 ) (323,455 )     Total rental property 2,432,060 2,744,367 Land held for development or sale 47,984 104,050 Construction in progress 48,300 116,013 Cash and cash equivalents 24,704 51,886 Restricted deposits 39,482 12,475 Accounts and notes receivable 70,693 34,734 Investments in unconsolidated entities 269,193 67,143 Accrued straight-line rents 54,960 47,764 Tenant leasing costs, net of accumulated amortization of $39,899 and $31,667, respectively 54,522 58,848 Deferred financing costs, net of accumulated amortization of $14,031  and $12,309, respectively 11,311 15,621 Prepaid expenses and other assets, net of accumulated amortization of $13,665  and $10,896, respectively 19,632 18,503 Net assets of discontinued operations — 207,668 $ 3,072,841 $ 3,479,072 Liabilities, Minority Interest and Stockholders’ Equity Liabilities:   Mortgages and notes payable $ 1,211,158 $ 1,603,371   Accounts payable and accrued expenses 96,147 68,643   Rent received in advance and security deposits 29,143 27,757     Total liabilities 1,336,448 1,699,771 Minority interest 89,687 92,586 Stockholders’ equity:   Preferred Stock, $0.01 par value, authorized 35,000,000 shares:     Series A Cumulative Convertible Redeemable Preferred Stock, 480,000 and      680,000 shares issued and outstanding, respectively, with an aggregate      liquidation preference of $12.0 million and $17.0 million, respectively 5 7     Series B, C and D Cumulative Redeemable Preferred Stock, 8,800,000 shares issued      and outstanding with an aggregate liquidation preference of $400.0 million 88 88   Common Stock, $0.01 par value, authorized 180,000,000 shares, issued and    outstanding 65,017,623 and 66,826,288 shares, respectively 650 668   Additional paid-in capital 1,755,985 1,816,990   Cumulative dividends in excess of net income (110,022 ) (131,038 )     Total stockholders’ equity 1,646,706 1,686,715 Commitments and contingencies $ 3,072,841 $ 3,479,072 See accompanying notes to consolidated financial statements.