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REAL ESTATE ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Real Estate [Abstract]

Schedule of Components of Real Estate Assets

The components of real estate assets are summarized as follows:

			March 31, 2025						December 31, 2024
Land			$	5,015,490					$	4,994,642
Buildings, improvements and other intangibles			22,554,373						22,336,386
Right of use assets - finance lease			140,259						140,259
Intangible assets - tenant relationships			328,413						326,440
Intangible lease rights			27,743						27,743
			28,066,278						27,825,470
Less: accumulated depreciation and amortization			(3,494,166)						(3,339,136)
Net operating real estate assets			24,572,112						24,486,334
Real estate under development/redevelopment			111,812						101,293
Real estate assets, net			$	24,683,924					$	24,587,627
Real estate assets held for sale included in real estate assets, net			$	28,238					$	103,756

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Tabular disclosure of the components of real estate assets. It may include gross carrying amount, accumulated depreciation and net carrying amount.

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