XML 145 R82.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation Rollforward (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Rental Properties and Current, Near-Term and Future Value-Creation Projects      
Balance at beginning of period $ 34,299,503,000 $ 28,751,910,000 $ 21,274,810,000
Acquisitions (including real estate, land, and joint venture consolidation) 296,694,000 2,722,214,000 5,405,569,000
Additions to real estate 3,107,612,000 3,388,478,000 2,267,848,000
Deductions (including dispositions and direct financing leases) (1,085,279,000) (563,099,000) (196,317,000)
Balance at end of period 36,618,530,000 [1] 34,299,503,000 28,751,910,000
Accumulated Depreciation      
Balance at beginning of period 4,354,063,000 3,771,241,000 3,182,438,000
Depreciation expense on properties 841,893,000 751,584,000 607,927,000
Sale of properties (210,937,000) (168,762,000) (19,124,000)
Balance at end of period $ 4,985,019,000 [2] $ 4,354,063,000 $ 3,771,241,000
[1] As of December 31, 2023, the total cost of our real estate assets aggregated $36.6 billion, which exceeded the cost of real estate for federal income tax purposes aggregating $36.1 billion by approximately $483.2 million.
[2] The depreciable life ranges up to 40 years for buildings and improvements, up to 20 years for land improvements, and the term of the respective lease for tenant improvements.