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SCHEDULE III (Details2) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Noncontrolling Interest in Joint Ventures |  | $ 774,000 |  | $ 700,000 | $ 1,379,000
Estimated aggregate cost of real estate properties for federal income tax purposes |  | 5,124,320,000 |  |  |
Estimated accumulated tax depreciation |  | 959,555,000 |  |  |
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] |  |  |  |  |
Balance at beginning of year | [1] | 4,934,421,000 |  | 4,051,325,000 | 3,519,085,000
Purchases of real estate properties |  | 160,105,000 |  | 353,221,000 | 104,205,000
Development of real estate properties and value-add properties |  | 388,213,000 |  | 506,154,000 | 415,260,000
Improvements to real estate properties |  | 51,643,000 |  | 40,654,000 | 36,692,000
Right-of-use asset, net - ground leases |  | (1,395,000) |  | (3,244,000) | 11,562,000
Real estate assets held for sale |  | 0 |  | 0 | (18,233,000)
Carrying amount of investments sold |  | (33,022,000) |  | (9,811,000) | (15,288,000)
Write-off of improvements |  | (6,770,000) |  | (3,878,000) | (1,958,000)
Balance at end of year | [1] | 5,493,195,000 | [2],[3] | 4,934,421,000 | 4,051,325,000
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] |  |  |  |  |
Balance at beginning of year |  | 1,150,814,000 |  | 1,035,617,000 | 955,328,000
Depreciation expense |  | 141,003,000 |  | 125,199,000 | 104,910,000
Real estate assets held for sale |  | 0 |  | 0 | (12,538,000)
Accumulated depreciation on assets sold |  | (11,759,000) |  | (6,068,000) | (10,178,000)
Other |  | (6,335,000) |  | (3,934,000) | (1,905,000)
Balance at end of year |  | $ 1,273,723,000 | [2],[3] | $ 1,150,814,000 | $ 1,035,617,000
Buildings [Member] |  |  |  |  |
Property, Plant and Equipment, Useful Life |  | 40 years |  |  |
Minimum [Member] | Building Improvements |  |  |  |  |
Property, Plant and Equipment, Useful Life |  | 3 years |  |  |
Maximum [Member] | Building Improvements |  |  |  |  |
Property, Plant and Equipment, Useful Life |  | 15 years |  |  |
[1] | Includes noncontrolling interest in joint ventures of $774,000, $700,000 and $1,379,000 at December 31, 2023, 2022 and 2021, respectively.
[2] | The estimated aggregate cost of real estate properties at December 31, 2023 for federal income tax purposes was approximately $5,124,320,000 before estimated accumulated tax depreciation of $959,555,000. The federal income tax return for the year ended December 31, 2023, has not been filed and accordingly, this estimate is based on preliminary data.
[3] | Changes in Real Estate Properties and Development and Value-Add Properties follow:
| Years Ended December 31,
2023 |  | 2022 |  | 2021
(In thousands)
Balance at beginning of year | $ | 4,934,421 |  |  | 4,051,325 |  |  | 3,519,085 |
Purchases of real estate properties | 160,105 |  |  | 353,221 |  |  | 104,205 |
Development of real estate properties and value-add properties | 388,213 |  |  | 506,154 |  |  | 415,260 |
Improvements to real estate properties | 51,643 |  |  | 40,654 |  |  | 36,692 |
Right-of-use assets, net – ground leases | (1,395) |  |  | (3,244) |  |  | 11,562 |
Real estate assets held for sale | — |  |  | — |  |  | (18,233) |
Carrying amount of investments sold | (33,022) |  |  | (9,811) |  |  | (15,288) |
Write-off of improvements | (6,770) |  |  | (3,878) |  |  | (1,958) |
Balance at end of year (1) | $ | 5,493,195 |  |  | 4,934,421 |  |  | 4,051,325 |
(1) Includes noncontrolling interest in joint ventures of $774,000, $700,000 and $1,379,000 at December 31, 2023, 2022 and 2021, respectively. Changes in the accumulated depreciation on real estate properties follow:
| Years Ended December 31,
2023 |  | 2022 |  | 2021
(In thousands)
Balance at beginning of year | $ | 1,150,814 |  |  | 1,035,617 |  |  | 955,328 |
Depreciation expense | 141,003 |  |  | 125,199 |  |  | 104,910 |
Real estate assets held for sale | — |  |  | — |  |  | (12,538) |
Accumulated depreciation on assets sold | (11,759) |  |  | (6,068) |  |  | (10,178) |
Other | (6,335) |  |  | (3,934) |  |  | (1,905) |
Balance at end of year | $ | 1,273,723 |  |  | 1,150,814 |  |  | 1,035,617 |

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