Property Type

As of March 31, 2025

As of December 31, 2024

Land

$

1,114,015

$

1,108,251

Acquired ground lease

89

86

Buildings and improvements

25,940,229

25,567,155

Tenant improvements

893,631

883,502

27,947,964

27,558,994

Accumulated depreciation and amortization

(8,856,535)

(8,641,331)

Investments in operating properties, net

19,091,429

18,917,663

Construction in progress and space held for development

4,973,266

5,164,334

Land held for future development

69,089

38,785

Investments in properties, net

$

24,133,784

$

24,120,782