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Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Expected useful lives of depreciable property

Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows:

			Estimated Useful Life
Buildings and improvements			5-35 years
Furniture, fixtures, equipment, and other			3-20 years
Intangible assets/liabilities (in-place leases and above and below-market leases)			underlying lease term

Revenue Recognition, Leases

We currently anticipate property revenue from existing leases as follows:

(in millions)
Year ended December 31,			Operating Leases
Remainder of 2024			$	337.8
2025			636.0
2026			8.4
2027			3.3
2028			3.0
Thereafter			6.2
Total			$	994.7

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- Definition

Expected useful lives of depreciable property including buildings and improvements, furniture, fixtures, equipment and other, and intangible assets such as in-place leases and above and below market leases.

+ References

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- Definition

Disclosure of accounting policy for revenue recognition for leases entered into by lessor.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

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