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Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation Rollforward (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Rental Properties and Current, Near-Term and Future Value-Creation Projects      
Balance at beginning of period $ 36,618,530 $ 34,299,503 $ 28,751,910
Acquisitions (including real estate, land, and joint venture consolidation) 248,378 296,694 2,722,214
Additions to real estate 2,368,086 3,107,612 3,388,478
Deductions (including dispositions and direct financing leases) (1,499,776) (1,085,279) (563,099)
Balance at end of period 37,735,218 [1] 36,618,530 34,299,503
Accumulated Depreciation      
Balance at beginning of period 4,985,019 4,354,063 3,771,241
Depreciation expense on properties 996,550 841,893 751,584
Sale of properties (356,390) (210,937) (168,762)
Balance at end of period $ 5,625,179 [2] $ 4,985,019 $ 4,354,063
[1] As of December 31, 2024, the total cost of our real estate assets aggregated $37.7 billion, which exceeded the cost of real estate for federal income tax purposes aggregating $37.2 billion by approximately $489.4 million.
[2] The depreciable life is up to 40 years for buildings and building improvements, up to 20 years for land improvements, and the term of the respective lease for tenant improvements.