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Property, net (Tables) | 3 Months Ended
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Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Components of Property, Net | Property, net consists of the following:
| March 31, 2024 |  | December 31, 2023
Land | $ | 1,373,767 |  |  | $ | 1,388,345 |
Buildings and improvements | 5,915,516 |  |  | 6,070,367 |
Tenant improvements | 673,214 |  |  | 724,427 |
Equipment and furnishings(1) | 183,762 |  |  | 186,717 |
Construction in progress | 394,616 |  |  | 340,496 |
| 8,540,875 |  |  | 8,710,352 |
Less accumulated depreciation(1) | (2,702,053) |  |  | (2,809,863) |
| $ | 5,838,822 |  |  | $ | 5,900,489 |
(1) Equipment and furnishings and accumulated depreciation include the cost and accumulated amortization of ROU assets in connection with finance leases at March 31, 2024 and December 31, 2023 (See Note 8—Leases).
Schedule of Gain (Loss) on Sale or Write-Down of Assets | (Loss) gain on sale or write-down of assets, net for the three months ended March 31, 2024 and 2023 consist of the following:
|  |  |  | For the Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023
Loss on write-down of assets(1) |  |  |  |  |  | (36,085) |  |  | (595) |
Gain on land sales, net(2) |  |  |  |  |  | — |  |  | 4,374 |
|  |  |  |  |  | $ | (36,085) |  |  | $ | 3,779 |
(1) Includes impairment loss of $35,987 on Santa Monica Place for the three months ended March 31, 2024. The impairment loss was due to the reduction of the estimated holding period of the property (See Note 10—Mortgage Notes Payable). The remaining amounts for the three months ended March 31, 2024 and 2023 mainly pertain to the write off of development costs. (2) See Note 16—Dispositions.
Schedule of Assets Measured on a Nonrecurring Basis | The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of the impairment losses recorded for the three months ended March 31, 2024 and 2023, as described above:
|  | Total Fair Value Measurement |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Unobservable Inputs |  | Significant Unobservable Inputs
|  | (Level 1) |  | (Level 2) |  | (Level 3)
March 31, 2024 |  | $ | 297,600 |  |  | $ | — |  |  | $ | — |  |  | $ | 297,600 |

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480091/360-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-2 + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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