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Investments in Unconsolidated Entities (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Investment in Unconsolidated Entities | The following is a summary of our investments in unconsolidated entities as of December 31, 2023 and 2022 (in thousands):
| Ownership % |  | Number of Properties |  | Carrying Amount(1) of Investment as of
Investment | As of December 31, 2023 |  | 12/31/2023 |  | 12/31/2022
Bellagio Las Vegas Joint Venture - Common Equity Interest | 21.9% |  | 1 |  | $ | 296,097 |  |  | $ | — |
Bellagio Las Vegas Joint Venture - Preferred Equity Interest | n/a |  | n/a |  | 650,000 |  |  | — |
Data Center Development Joint Venture | 80.0% |  | 2 |  | 226,021 |  |  | — |
Industrial Partnerships | 20.0% |  | — |  | — |  |  | — |
Total investment in unconsolidated entities |  |  |  |  | $ | 1,172,118 |  |  | $ | — |
(1) The total carrying amount of the investments was greater than the underlying equity in net assets (i.e., basis difference) by $2.2 million as of December 31, 2023. Equity in income and impairment of investment in unconsolidated entities consists of the following (in thousands):
|  | Years ended December 31,
Investment |  | 2023 |  | 2022 |  | 2021
Bellagio Las Vegas Joint Venture - Common Equity Interest |  | $ | 2,139 |  |  | $ | — |  |  | $ | — |
Data Center Development Joint Venture |  | — |  |  | — |  |  | — |
Industrial Partnerships |  | 407 |  |  | (6,448) |  |  | 1,106 |
Equity in income and impairment of investment in unconsolidated entities |  | $ | 2,546 |  |  | $ | (6,448) |  |  | $ | 1,106 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
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