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Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2019
Real Estate [Abstract] |
Summary of Carrying Amounts of Investment in Real Estate | The following table summarizes the carrying amounts for the Company’s investment in real estate (at cost) as of March 31, 2019 and December 31, 2018 (amounts in thousands):
|  | March 31, 2019 |  |  | December 31, 2018 |
Land |  | $ | 5,918,994 |  |  | $ | 5,875,803 |
Depreciable property: |  |  |  |  |  |  |  |
Buildings and improvements |  |  | 18,440,716 |  |  |  | 18,232,625 |
Furniture, fixtures and equipment |  |  | 1,761,906 |  |  |  | 1,722,231 |
In-Place lease intangibles |  |  | 488,682 |  |  |  | 481,045 |
Projects under development: |  |  |  |  |  |  |  |
Land |  |  | 25,430 |  |  |  | 25,429 |
Construction-in-progress |  |  | 109,761 |  |  |  | 83,980 |
Land held for development: |  |  |  |  |  |  |  |
Land |  |  | 61,038 |  |  |  | 61,038 |
Construction-in-progress |  |  | 30,609 |  |  |  | 28,871 |
Investment in real estate |  |  | 26,837,136 |  |  |  | 26,511,022 |
Accumulated depreciation |  |  | (6,900,496 | ) |  |  | (6,696,281 | )
Investment in real estate, net |  | $ | 19,936,640 |  |  | $ | 19,814,741 |
Acquired Properties From Unaffiliated Parties | During the quarter ended March 31, 2019, the Company acquired the entire equity interest in the following from unaffiliated parties (purchase price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Purchase Price |
Rental Properties – Consolidated (1) |  |  | 3 |  |  |  | 579 |  |  | $ | 258,650 |
Total |  |  | 3 |  |  |  | 579 |  |  | $ | 258,650 |
(1) | Purchase price includes an allocation of approximately $43.2 million to land and $215.7 million to depreciable property (inclusive of capitalized closing costs).

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- Definition Discloses properties and associated units that the Company purchased from unaffiliated parties as well as purchase price. + References No definition available. + Details
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- Definition Tabular disclosure of the cost of land, buildings and improvements, furniture and fixtures and accumulated depreciation in aggregate for all consolidated properties owned at the balance sheet date. + References No definition available. + Details
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