CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
REAL ESTATE ASSETS:
Land and improvements	$ 1,743,170	$ 1,743,170
Buildings and improvements	8,479,359	8,463,674
Undeveloped land and construction in progress	2,114,242	2,034,804
Total real estate assets held for investment	12,336,771	12,241,648
Accumulated depreciation and amortization	(2,594,996)	(2,518,304)
Total real estate assets held for investment, net	9,741,775	9,723,344
CASH AND CASH EQUIVALENTS	855,007	510,163
MARKETABLE SECURITIES (Notes 2 and 10)	109,513	284,670
CURRENT RECEIVABLES, NET	13,291	13,609
DEFERRED RENT RECEIVABLES, NET	457,494	460,979
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET	226,506	229,705
RIGHT OF USE GROUND LEASE ASSETS	130,026	125,506
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 3)	65,588	53,069
TOTAL ASSETS	11,599,200	11,401,045
LIABILITIES:
Secured debt, net (Notes 4 and 10)	601,990	603,225
Unsecured debt, net (Notes 4 and 10)	4,518,297	4,325,153
Accounts payable, accrued expenses and other liabilities	401,892	371,179
Ground lease liabilities (Note 9)	128,966	124,353
Accrued dividends and distributions	65,111	64,440
Deferred revenue and acquisition-related intangible liabilities, net	166,436	173,638
Rents received in advance and tenant security deposits	73,777	79,364
Total liabilities	5,956,469	5,741,352
COMMITMENTS AND CONTINGENCIES (Note 9)
Stockholders’ Equity (Note 5):
Common stock, $.01 par value, 280,000,000 shares authorized, 117,366,405 and 117,239,558 shares issued and outstanding	1,174	1,173
Additional paid-in capital	5,208,753	5,205,839
Retained earnings	203,080	221,149
Total stockholders’ equity	5,413,007	5,428,161
Noncontrolling Interests (Notes 1 and 6):
Common units of the Operating Partnership	53,087	53,275
Noncontrolling interests in consolidated property partnerships	176,637	178,257
Total noncontrolling interests	229,724	231,532
Total equity	5,642,731	5,659,693
TOTAL LIABILITIES AND EQUITY (CAPITAL)	$ 11,599,200	$ 11,401,045

This element represents (1) costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction; (2) the identifiable intangible asset established upon acquisition based on a favorable difference between the terms of an acquired lease and the current market terms for that lease at the acquisition date; and (3) the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. This element is net of accumulated amortization.

No definition available.