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Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 and December 31, 2021 (amounts in thousands):
|  | March 31, 2022 |  |  | December 31, 2021 |
Land |  | $ | 5,836,951 |  |  | $ | 5,814,790 |
Depreciable property: |  |  |  |  |  |  |  |
Buildings and improvements |  |  | 19,723,056 |  |  |  | 19,632,284 |
Furniture, fixtures and equipment |  |  | 2,252,146 |  |  |  | 2,220,203 |
In-Place lease intangibles |  |  | 521,105 |  |  |  | 518,324 |
Projects under development: |  |  |  |  |  |  |  |
Construction-in-progress |  |  | 36,718 |  |  |  | 24,307 |
Land held for development: |  |  |  |  |  |  |  |
Land |  |  | 49,360 |  |  |  | 46,160 |
Construction-in-progress |  |  | 17,620 |  |  |  | 16,838 |
Investment in real estate |  |  | 28,436,956 |  |  |  | 28,272,906 |
Accumulated depreciation |  |  | (8,578,131 | ) |  |  | (8,354,282 | )
Investment in real estate, net |  | $ | 19,858,825 |  |  | $ | 19,918,624 |
Acquired Properties From Unaffiliated Parties | During the quarter ended March 31, 2022, the Company acquired the following from unaffiliated parties (purchase price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Purchase Price |
Rental Properties – Consolidated (1) |  |  | 1 |  |  |  | 172 |  |  | $ | 113,000 |
Total |  |  | 1 |  |  |  | 172 |  |  | $ | 113,000 |
(1) | Purchase price includes an allocation of approximately $25.3 million to land and $87.7 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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