XML 43 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2023
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, 2023
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, TX 43 $72,772 $17,396 $90,168 $925,170 $147,779 $1,072,949 $550 $1,163,667 $221,375 $— 2003-20221974-2021
 Houston, TX 31 63,942 13,018 76,960 642,626 32,557 675,183 57 752,200 97,793 — 2007-20221974-2018
 Seattle, WA 29 59,412 4,883 64,295 551,328 90,031 641,359 715 706,369 186,903 — 2008-20221977-2018
 Denver, CO 33 62,172 14,526 76,698 488,764 56,499 545,263 610 622,571 94,906 — 2007-20221942-2022
 Charlotte, NC 32 28,119 7,345 35,464 451,251 39,182 490,433 110 526,007 116,578 — 2008-20201961-2018
 Phoenix, AZ 35 12,205 8,057 20,262 447,753 26,436 474,189 425 494,876 59,449 — 2007-20171971-2008
 Atlanta, GA 27 40,227 8,868 49,095 429,729 15,587 445,316 100 494,511 79,569 5,572 2007-20221974-2014
 Boston, MA 17 117,857 9,590 127,447 336,670 4,255 340,925 14 468,386 37,569 — 2012-20161860-2011
 Raleigh, NC 28 44,530 12,090 56,620 393,245 15,098 408,343 9 464,972 38,879 — 2010-20221977-2020
 Nashville, TN 13 40,673 2,674 43,347 309,400 97,997 407,397 7,427 458,171 115,979 7,841 2004-20221976-2022
 Los Angeles, CA 20 68,225 3,861 72,086 305,221 71,590 376,811 453 449,350 145,875 28,870 1994-20221964-2008
 Miami, FL 19 47,092 6,902 53,994 325,814 35,543 361,357 178 415,529 74,470 — 1994-20211954-2021
 Tampa, FL 19 23,491 7,631 31,122 363,588 15,729 379,317 33 410,472 36,726 — 1994-20231975-2015
 Indianapolis, IN 36 45,914 8,985 54,899 308,044 10,542 318,586 13 373,498 42,273 — 2007-20191988-2013
 Austin, TX 13 22,178 4,885 27,063 261,585 31,211 292,796 142 320,001 55,891 — 2007-20221972-2015
 New York, NY 14 58,719 5,683 64,402 192,029 4,705 196,734 — 261,136 15,887 — 2014-20191920-2014
 Chicago, IL 6 11,250 2,554 13,804 212,170 17,314 229,484 81 243,369 39,671 — 2004-20191970-2017
 Memphis, TN 11 12,253 1,648 13,901 118,427 75,725 194,152 322 208,375 71,813 — 1999-20201982-2014
 Honolulu, HI 6 8,314 1,213 9,527 147,422 47,669 195,091 169 204,787 61,575 — 2003-20141975-2010
 Hartford, CT 30 24,167 5,214 29,381 159,178 1,383 160,561 — 189,942 15,883 — 2016-20191955-2017
 Other (49 markets) 194 272,785 61,795 334,580 3,308,020 211,205 3,519,225 1,310 3,855,115 618,702 28,251 1993-2023
Total real estate656 1,136,297 208,818 1,345,115 10,677,434 1,048,037 11,725,471 12,718 13,083,304 2,227,766 70,534 
Land held for develop.— 59,871 — 59,871 — — — — 59,871 — 
Construction in Progress— — — — 60,727 — 60,727 — 60,727 — — 
Financing lease right-of-use assets— — — — — — — — 82,209 — — 
Investment in financing receivables, net— — — — — — — — 122,602 — — 
Total properties656 1,196,168 $208,818 $1,404,986 $10,738,161 $1,048,037 $11,786,198 $12,718 $13,408,713 $2,227,766 $70,534 
1Includes one asset held for sale as of December 31, 2023 with gross real estate investments of approximately $9.6 million.
2Total properties as of December 31, 2023 have an estimated aggregate total cost of $12.6 billion for federal income tax purposes.
3Depreciation is provided for on a straight-line basis on buildings and improvements over 3.3 to 49.0 years, lease intangibles over 1.0 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 $0.3 million and unaccreted discount of $0.2 million and debt issuance costs of $0.3 million as of December 31, 2023.
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, 2023, 2022 and 2021 follows:
 YEAR ENDED DEC. 31, 2023YEAR ENDED DEC. 31, 2022YEAR ENDED DEC. 31, 2021
Dollars in thousandsTOTAL PROPERTYACCUMULATED DEPRECIATIONTOTAL PROPERTYACCUMULATED DEPRECIATIONTOTAL PROPERTYACCUMULATED DEPRECIATION
Beginning balance$14,076,475 $1,645,271 $5,104,942 $1,338,743 $4,670,226 $1,249,679 
Additions during the period
Real estate acquired54,024 2,322 9,780,070 241,285 374,912 7,668 
Other improvements28,521 668,069 219,783 205,703 103,035 191,875 
Land held for development— 49,416 — 2,021 — 
Construction in progress49,901 — 31,586 — 3,974 — 
Investment in financing receivable, net2,366 — (66,509)— 186,745 — 
Financing lease right-of-use assets, net(1,616)— 52,249 — 11,909 — 
Corporate Properties— — 3,640 236 — — 
Retirement/dispositions
Real estate(800,958)(87,896)(1,098,702)(140,696)(247,880)(110,479)
Ending balance$13,408,713 $2,227,766 $14,076,475 $1,645,271 $5,104,942 $1,338,743