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Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2020
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 June 30, 2020 and December 31, 2019 (amounts in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
Land |  | $ | 5,789,307 |  |  | $ | 5,936,188 |
Depreciable property: |  |  |  |  |  |  |  |
Buildings and improvements |  |  | 18,574,877 |  |  |  | 18,904,686 |
Furniture, fixtures and equipment |  |  | 1,936,039 |  |  |  | 1,916,458 |
In-Place lease intangibles |  |  | 486,987 |  |  |  | 497,957 |
Projects under development: |  |  |  |  |  |  |  |
Land |  |  | 23,531 |  |  |  | 23,531 |
Construction-in-progress |  |  | 251,294 |  |  |  | 158,099 |
Land held for development: |  |  |  |  |  |  |  |
Land |  |  | 64,460 |  |  |  | 64,460 |
Construction-in-progress |  |  | 37,901 |  |  |  | 32,228 |
Investment in real estate |  |  | 27,164,396 |  |  |  | 27,533,607 |
Accumulated depreciation |  |  | (7,537,713 | ) |  |  | (7,276,786 | )
Investment in real estate, net |  | $ | 19,626,683 |  |  | $ | 20,256,821 |
Disposed Properties to Unaffiliated Parties | During the six months ended June 30, 2020, the Company disposed of the following to unaffiliated parties (sales price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Sales Price |
Rental Properties – Consolidated |  |  | 5 |  |  |  | 1,552 |  |  | $ | 754,361 |
Total |  |  | 5 |  |  |  | 1,552 |  |  | $ | 754,361 |

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- Definition Discloses properties and associated units that the Company disposed of to unaffiliated parties as well as sales price. Includes both rental properties and condominium conversion properties. + 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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- References No definition available. + Details
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