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Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation
Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2022
Dollars in thousands
LAND 1
BUILDINGS, IMPROVEMENTS,
LEASE INTANGIBLES AND CIP 1
      
MARKETNUMBER OF PROP.INITIAL INVESTMENTCOST CAPITALIZED subsequent to acquisitionTOTALINITIAL INVESTMENTCOST CAPITALIZED subsequent to acquisitionTOTALPERSONAL PROPERTY2, 3, 5
TOTAL PROPERTY
1, 3 ACCUMULATED DEPRECIATION4 ENCUMBRANCES5
 DATE ACQUIRED
DATE CONST.
Dallas, TX45 $95,647 $1,063 $96,710 $1,081,969 $129,495 $1,211,464 $551 $1,308,725 $202,031 $— 2003-20221974-2021
Seattle, WA29 59,412 4,883 64,295 558,280 78,330 636,610 726 701,631 164,423 — 2008-20221974-2018
Los Angeles, CA23 95,360 3,164 98,524 436,629 55,941 492,570 453 591,547 129,663 38,373 1993-20221959-2018
Boston, MA18 128,904 — 128,904 456,963 2,173 459,136 — 588,040 13,513 — 20221860-2019
Charlotte, NC32 35,366 36 35,402 454,299 25,616 479,915 105 515,422 95,363 — 2008-20221961-2018
Houston, TX34 82,539 2,850 85,389 669,553 27,966 697,519 57 782,965 63,486 — 1993-20221974-2018
Miami, FL23 72,304 60 72,364 429,781 17,413 447,194 105 519,663 52,920 — 1994-20221954-2021
Atlanta, GA28 45,220 4,159 49,379 463,963 9,519 473,482 95 522,956 63,773 15,778 2017-20221960-2014
Tampa, FL20 30,790 743 31,533 419,354 (5,061)414,293 33 445,859 18,991 — 1994-20221954-2015
Denver, CO33 70,478 6,220 76,698 491,881 51,208 543,089 609 620,396 65,123 6,818 2010-20221942-2020
Raleigh, NC27 52,954 3,666 56,620 394,574 6,231 400,805 457,434 15,566 — 2019-20221977-2020
Phoenix, AZ35 20,257 20,262 448,657 18,836 467,493 425 488,180 30,281 — 2007-20221971-2006
Chicago, IL32,374 — 32,374 271,285 15,995 287,280 81 319,735 28,243 — 2004-20221970-2017
Indianapolis, IN36 52,180 — 52,180 292,372 5,437 297,809 13 350,002 19,705 — 2019-20221988-2013
Hartford, CT30 43,326 — 43,326 234,702 1,150 235,852 — 279,178 8,015 — 20221955-2017
Nashville, TN12 41,291 2,057 43,348 272,122 84,395 356,517 1,424 401,289 92,720 — 2004-20221976-2021
New York, NY14 64,402 — 64,402 192,029 2,220 194,249 — 258,651 4,771 — 20221920-2014
Austin, TX13 25,718 1,346 27,064 261,585 28,675 290,260 142 317,466 40,363 — 2007-20221972-2015
Orlando, FL20,698 10 20,708 198,719 3,556 202,275 222,984 11,654 — 1998-20221988-2009
Memphis, TN11 12,811 1,090 13,901 118,426 70,325 188,751 317 202,969 60,624 — 1999-20221982-2021
Other (51 markets)210 315,986 10,276 326,262 3,324,552 205,043 3,529,595 1,223 3,857,080 457,572 23,728 1993-2022
Total real estate688 1,398,017 41,628 1,439,645 11,471,695 834,463 12,306,158 6,369 13,752,172 1,638,800 84,697 
Land held for develop.— 74,265 — 74,265 — — — — 74,265 1,183 — 
Construction in Progress— — — — 35,560 — 35,560 — 35,560 — — 
Corporate property— 1,853 — 1,853 1,787 1,240 3,027 5,538 10,418 5,288 — 
Financing lease right-of-use assets— — — — — — — — 83,824 — — 
Investment in financing receivables, net— — — — — — — — 120,236 — — 
Total properties688 1,474,135 $41,628 $1,515,763 $11,509,042 $835,703 $12,344,745 $11,907 $14,076,475 $1,645,271 $84,697 
1Includes one asset held for sale at 12/31/22 of approximately $18.9 million.
2Total properties as of December 31, 2022 have an estimated aggregate total cost of $13.0 billion for federal income tax purposes.
3Depreciation is provided for on a straight-line basis on buildings and improvements over 3.0 to 49.0 years, lease intangibles over 1.2 to 99.0 years, personal property over 3.0 to 20.0 years, and land improvements over 2.0 to 39.0 years.
4Includes unamortized premium of $0.5 million and unaccreted discount of $38 thousand and debt issuance costs of $0.3 million as of December 31, 2022.
5Includes merger of Healthcare Trust of America, Inc. buildings, acquired in 2022.
6Rollforward of Total Property and Accumulated Depreciation, including assets held for sale, for the year ended December 31, 2022, 2021 and 2020 follows:
 YEAR ENDED DEC. 31, 2022YEAR ENDED DEC. 31, 2021YEAR ENDED DEC. 31, 2020
Dollars in thousandsTOTAL PROPERTYACCUMULATED DEPRECIATIONTOTAL PROPERTYACCUMULATED DEPRECIATIONTOTAL PROPERTYACCUMULATED DEPRECIATION
Beginning balance$5,104,942 $1,338,743 $4,670,226 $1,249,679 $4,359,993 $1,121,102 
Additions during the period
Real estate acquired9,780,070 241,285 374,912 7,668 430,205 8,313 
Other improvements219,783 205,703 103,035 191,875 80,462 178,636 
Land held for development49,416 — 2,021 — 2,579 282 
Construction in progress31,586 — 3,974 — — — 
Investment in financing receivable, net(66,509)— 186,745 — — — 
Financing lease right-of-use assets, net52,249 — 11,909 — 19,667 — 
Corporate Properties3,640 236 — — — — 
Retirement/dispositions
Real estate(1,098,702)(140,696)(247,880)(110,479)(222,680)(58,654)
Ending balance$14,076,475 $1,645,271 $5,104,942 $1,338,743 $4,670,226 $1,249,679