Property Type

As of June 30, 2025

As of December 31, 2024

Land

$

1,192,039

$

1,108,251

Acquired ground lease

97

86

Buildings and improvements

27,718,850

25,567,155

Tenant improvements

925,232

883,502

29,836,218

27,558,994

Accumulated depreciation and amortization

(9,341,719)

(8,641,331)

Investments in operating properties, net

20,494,499

18,917,663

Construction in progress and space held for development

5,080,701

5,164,334

Land held for future development

73,665

38,785

Investments in properties, net

$

25,648,865

$

24,120,782