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v3.25.1

Real Estate (Summary of Real Estate Subject to Operating Leases) (Details) - USD ($) | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Property, Plant and Equipment [Line Items] |  |  |
Land and improvements | [1] | $ 2,963,256,000 | $ 2,919,976,000
Buildings and improvements |  | 7,996,086,000 | 7,805,939,000
Leasehold interests |  | 355,000 | 355,000
Real estate subject to operating leases, gross |  | 10,959,697,000 | 10,726,270,000
Less accumulated depreciation and amortization |  | (2,123,005,000) | (2,065,316,000)
Real estate subject to operating leases, net, before work in progress |  | 8,836,692,000 | 8,660,954,000
Work in progress and improvements |  | 57,872,000 | 82,411,000
Accounted for using the operating method |  | 8,894,564,000 | 8,743,365,000
Accounted for using the direct financing method |  | 2,460,000 | 2,520,000
Classified as held for sale | [2] | 1,012,000 | 283,000
Accounted for using the operating method, net of accumulated depreciation and amortization |  | 8,898,036,000 | 8,746,168,000
Asset under construction |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Land and improvements |  | $ 29,947,000 | $ 34,356,000
[1] |
(1) | Includes $29,947 and $34,356 in land for Properties under construction at March 31, 2025 and December 31, 2024, respectively.
[2] |
(2) | As of March 31, 2025, three Properties were classified as held for sale. The two properties classified as held for sale as of December 31, 2024 were sold during the quarter ended March 31, 2025.

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- Definition The current amount of expenditures for a real estate project that has not yet been completed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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