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Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2023
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, 2023 and December 31, 2022 (amounts in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Land |  | $ | 5,559,883 |  |  | $ | 5,580,878 |
Depreciable property: |  |  |  |  |  |
Buildings and improvements |  |  | 19,444,618 |  |  |  | 19,471,503 |
Furniture, fixtures and equipment |  |  | 2,388,137 |  |  |  | 2,352,050 |
In-Place lease intangibles |  |  | 510,801 |  |  |  | 510,816 |
Projects under development: |  |  |  |  |  |
Land |  |  | 3,201 |  |  |  | 3,201 |
Construction-in-progress |  |  | 129,140 |  |  |  | 109,739 |
Land held for development: |  |  |  |  |  |
Land |  |  | 46,160 |  |  |  | 46,160 |
Construction-in-progress |  |  | 14,505 |  |  |  | 14,407 |
Investment in real estate |  |  | 28,096,445 |  |  |  | 28,088,754 |
Accumulated depreciation |  |  | (9,207,194 | ) |  |  | (9,027,850 | )
Investment in real estate, net |  | $ | 18,889,251 |  |  | $ | 19,060,904 |
Disposed Properties to Unaffiliated Parties | During th e quarter ended March 31, 2023, the Company disposed of the following to unaffiliated parties (sales price and net gain in thousands):
|  | Properties |  | Apartment Units |  | Sales Price |  | Net Gain
Rental Properties – Consolidated |  | 7 |  | 247 |  | $135,300 |  | $100,209
Total |  | 7 |  | 247 |  | $135,300 |  | $100,209

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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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