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v3.25.2

Dispositions and Real Estate Held for Sale - Schedule of Long-Lived Asset Held for Sale (Details) $ in Thousands | Jun. 30, 2025 USD ($) building | Dec. 31, 2024 USD ($)
--- | --- | ---
Real estate assets and other assets held for sale |  |
Deferred leasing costs and acquisition-related intangibles, net | $ 208,266 | $ 225,937
Total real estate and other assets held for sale, net | 255,795 | 0
Liabilities of real estate assets held for sale |  |
Deferred revenue and acquisition-related intangible liabilities, net | 131,606 | 142,437
Rents received in advance and tenant security deposits | 73,561 | 71,003
Liabilities of real estate assets held for sale | $ 4,887 | $ 0
Disposal Group, Held-for-Sale, Not Discontinued Operations | Silicon Valley |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |
Number of Buildings | building | 4 |
Sales price | $ 365,000 |
Real estate assets and other assets held for sale |  |
Land and improvements | 118,514 |
Buildings and improvements | 194,357 |
Total real estate held for sale | 312,871 |
Accumulated depreciation and amortization | (72,526) |
Total real estate held for sale, net | 240,345 |
Current receivables, net | 36 |
Deferred rent receivables, net | 6,525 |
Deferred leasing costs and acquisition-related intangibles, net | 7,782 |
Prepaid expenses and other assets, net | 1,107 |
Total real estate and other assets held for sale, net | 255,795 |
Liabilities of real estate assets held for sale |  |
Accounts payable and accrued expenses and other liabilities | 591 |
Deferred revenue and acquisition-related intangible liabilities, net | 1,091 |
Rents received in advance and tenant security deposits | 3,205 |
Liabilities of real estate assets held for sale | $ 4,887 |

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- Definition 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. + References No definition available. + Details
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