CONSOLIDATED BALANCE SHEETS (KILROY REALTY, L.P.) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
REAL ESTATE ASSETS (Notes 2, 3, and 4):
Land and improvements	$ 1,750,820	$ 1,743,170
Buildings and improvements	8,598,751	8,463,674
Undeveloped land and construction in progress	2,309,624	2,034,804
Total real estate assets held for investment	12,659,195	12,241,648
Accumulated depreciation and amortization	(2,824,616)	(2,518,304)
Total real estate assets held for investment, net	9,834,579	9,723,344
CASH AND CASH EQUIVALENTS (Note 24)	165,690	510,163
MARKETABLE SECURITIES (Notes 5, 17, and 20)	27,965	284,670
CURRENT RECEIVABLES, NET (Notes 2 and 6)	11,033	13,609
DEFERRED RENT RECEIVABLES, NET (Notes 2 and 6)	451,996	460,979
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2, 3, and 7)	225,937	229,705
RIGHT OF USE GROUND LEASE ASSETS (Note 19)	129,222	125,506
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 8)	51,935	53,069
TOTAL ASSETS	10,898,357	11,401,045
LIABILITIES:
Secured debt, net (Notes 10 and 20)	598,199	603,225
Unsecured debt, net (Notes 10 and 20)	3,999,566	4,325,153
Accounts payable, accrued expenses and other liabilities (Note 19)	285,011	371,179
Ground lease liabilities (Note 19)	128,422	124,353
Accrued distributions (Note 15)	64,850	64,440
Deferred revenue and acquisition-related intangible liabilities, net (Notes 2, 3, 7, and 11)	142,437	173,638
Rents received in advance and tenant security deposits	71,003	79,364
Total liabilities	5,289,488	5,741,352
COMMITMENTS AND CONTINGENCIES (Note 19)
CAPITAL:
TOTAL LIABILITIES AND EQUITY	10,898,357	11,401,045
Kilroy Realty L.P.
REAL ESTATE ASSETS (Notes 2, 3, and 4):
Land and improvements	1,750,820	1,743,170
Buildings and improvements	8,598,751	8,463,674
Undeveloped land and construction in progress	2,309,624	2,034,804
Total real estate assets held for investment	12,659,195	12,241,648
Accumulated depreciation and amortization	(2,824,616)	(2,518,304)
Total real estate assets held for investment, net	9,834,579	9,723,344
CASH AND CASH EQUIVALENTS (Note 24)	165,690	510,163
MARKETABLE SECURITIES (Notes 5, 17, and 20)	27,965	284,670
CURRENT RECEIVABLES, NET (Notes 2 and 6)	11,033	13,609
DEFERRED RENT RECEIVABLES, NET (Notes 2 and 6)	451,996	460,979
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET (Notes 2, 3, and 7)	225,937	229,705
RIGHT OF USE GROUND LEASE ASSETS (Note 19)	129,222	125,506
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 8)	51,935	53,069
TOTAL ASSETS	10,898,357	11,401,045
LIABILITIES:
Secured debt, net (Notes 10 and 20)	598,199	603,225
Unsecured debt, net (Notes 10 and 20)	3,999,566	4,325,153
Accounts payable, accrued expenses and other liabilities (Note 19)	285,011	371,179
Ground lease liabilities (Note 19)	128,422	124,353
Accrued distributions (Note 15)	64,850	64,440
Deferred revenue and acquisition-related intangible liabilities, net (Notes 2, 3, 7, and 11)	142,437	173,638
Rents received in advance and tenant security deposits	71,003	79,364
Total liabilities	5,289,488	5,741,352
COMMITMENTS AND CONTINGENCIES (Note 19)
CAPITAL:
Partner’s Capital - Common units, 118,046,674 and 117,239,558 held by the general partner and 1,150,574 and 1,150,574 held by common limited partners issued and outstanding (Note 15)	5,434,518	5,481,436
Noncontrolling interests in consolidated property partnerships (Notes 2 and 13)	174,351	178,257
Total capital	5,608,869	5,659,693
TOTAL LIABILITIES AND EQUITY	$ 10,898,357	$ 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.