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Real Estate Facilities (Tables) | 9 Months Ended
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Sep. 30, 2023
Real Estate [Abstract] |
Schedule of Real Estate Activities | Activity in real estate facilities during the nine months ended September 30, 2023 is as follows:
| Nine Months Ended September 30, 2023
| (Amounts in thousands)
Operating facilities, at cost: |  |  |  |  |
Beginning balance | $ | 24,219,126 |  |  |  |  |
Capital expenditures to maintain real estate facilities | 153,120 |  |  |  |  |
Capital expenditures for property enhancements | 124,298 |  |  |  |  |
Capital expenditures for energy efficiencies (LED lighting, solar) | 46,357 |  |  |  |  |
Acquisitions | 2,284,590 |  |  |  |  |
Dispositions and other | (3,461) |  |  |  |  |
Developed or expanded facilities opened for operation | 172,644 |  |  |  |  |
Ending balance | 26,996,674 |  |  |  |  |
Accumulated depreciation: |  |  |  |  |
Beginning balance | (8,554,155) |  |  |  |  |
Depreciation expense | (636,631) |  |  |  |  |
Dispositions and other | 2,635 |  |  |  |  |
Ending balance | (9,188,151) |  |  |  |  |
Construction in process: |  |  |  |  |
Beginning balance | 372,992 |  |  |  |  |
Costs incurred to develop and expand real estate facilities | 257,527 |  |  |  |  |
Acquisitions | 2,922 |  |  |  |  |
Write-off of cancelled projects | (3,733) |  |  |  |  |
Developed or expanded facilities opened for operation | (172,644) |  |  |  |  |
Ending balance | 457,064 |  |  |  |  |
Total real estate facilities at September 30, 2023 | $ | 18,265,587 |  |  |  |  |

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