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Supplemental Cash Flow Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
Schedule of Supplemental Cash Flow Information | The following table provides supplemental cash flow information (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Supplemental cash flow information: |  |  |  |  |
Interest paid, net of capitalized interest | $ | 249,471 |  |  | $ | 188,213 |  |  | $ | 162,115 |
Income taxes paid (refunded) | 7,862 |  |  | 1,923 |  |  | (1,903) |
Capitalized interest | 69,256 |  |  | 56,849 |  |  | 41,046 |
Cash paid for amounts included in the measurement of lease liability for operating leases | 21,277 |  |  | 21,488 |  |  | 12,594 |
Supplemental schedule of non-cash investing and financing activities: |  |  |  |  |
Increase in ROU asset in exchange for new lease liability related to operating leases | 15,457 |  |  | 3,951 |  |  | 9,454 |
Accrued construction costs | 136,767 |  |  | 105,572 |  |  | 178,626 |
Net noncash impact from the consolidation of property previously held in an unconsolidated joint venture | — |  |  | 993 |  |  | — |
Retained investment in connection with South San Francisco JVs transaction (see Note 9) | — |  |  | — |  |  | 293,265 |
Retained investment in connection with Callan Ridge JV (see Note 9) | 69,255 |  |  | — |  |  | — |
Non-cash assets and liabilities assumed in connection with the Merger (see Note 3) | 2,926,141 |  |  | — |  |  | — |
Seller financing provided on disposition of real estate assets (see Note 8) | 418,389 |  |  | — |  |  | — |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Leasing costs, tenant improvements, and recurring capital expenditures | $ | — |  |  | $ | — |  |  | $ | 21 |
Development, redevelopment, and other major improvements of real estate | — |  |  | — |  |  | 18 |
Depreciation and amortization of real estate, in-place lease, and other intangibles | — |  |  | — |  |  | — |
Schedule of Cash, Cash Equivalents and Restricted Cash | The following table summarizes cash, cash equivalents, and restricted cash (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
|  | Continuing operations |  | Discontinued operations |  | Total
Beginning of year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 117,635 |  |  | $ | 72,032 |  |  | $ | 158,287 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,707 |  |  | $ | 117,635 |  |  | $ | 72,032 |  |  | $ | 165,994 |
Restricted cash |  | 51,388 |  |  | 54,802 |  |  | 53,454 |  |  | — |  |  | — |  |  | — |  |  | 51,388 |  |  | 54,802 |  |  | 53,454 |
Cash, cash equivalents, and restricted cash |  | $ | 169,023 |  |  | $ | 126,834 |  |  | $ | 211,741 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,707 |  |  | $ | 169,023 |  |  | $ | 126,834 |  |  | $ | 219,448 |
End of year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 119,818 |  |  | $ | 117,635 |  |  | $ | 72,032 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 119,818 |  |  | $ | 117,635 |  |  | $ | 72,032 |
Restricted cash |  | 64,487 |  |  | 51,388 |  |  | 54,802 |  |  | — |  |  | — |  |  | — |  |  | 64,487 |  |  | 51,388 |  |  | 54,802 |
Cash, cash equivalents, and restricted cash |  | $ | 184,305 |  |  | $ | 169,023 |  |  | $ | 126,834 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 184,305 |  |  | $ | 169,023 |  |  | $ | 126,834 |

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