Property Type

As of September 30, 2025

As of December 31, 2024

Land

$

1,194,312

$

1,108,251

Acquired ground lease

97

86

Buildings and improvements

28,051,036

25,567,155

Tenant improvements

949,446

883,502

30,194,891

27,558,994

Accumulated depreciation and amortization

(9,665,380)

(8,641,331)

Investments in operating properties, net

20,529,511

18,917,663

Construction in progress and space held for development

5,422,338

5,164,334

Land held for future development

66,668

38,785

Investments in properties, net

$

26,018,517

$

24,120,782