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Investments in Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2023
Real Estate [Abstract] |
Summary of Investments in Real Estate | The following table summarizes our investments in real estate, excluding one property we classified as held for sale:
| As of September 30, 2023 |  | As of December 31, 2022 |  | Depreciable Lives (In years)
Land | $ | 586,361 |  |  | $ | 579,094 |  |  | —
Building | 5,728,541 |  |  | 5,695,711 |  |  | 40
Furniture, fixtures and equipment | 439,120 |  |  | 340,438 |  |  | 5-10
Total investments in real estate | $ | 6,754,022 |  |  | $ | 6,615,243 |  |  |
Accumulated depreciation | (567,200) |  |  | (425,034) |  |  |
Investments in real estate, net | $ | 6,186,822 |  |  | $ | 6,190,209 |  |  |
The following table summarizes the assets and liabilities recognized upon the consolidation of Virtuoso, our former unconsolidated real estate entity during the nine months ended September 30, 2023, on the date of consolidation.
|  | Assets and Liabilities Consolidated During the Nine Months Ended September 30, 2023
Assets: |  |
Investments in real estate |  | $ | 49,939 |
Cash and cash equivalents |  | 817 |
Restricted cash |  | 1,329 |
Other assets |  | 395 |
Intangible assets |  | 398 |
Total assets |  | $ | 52,878 |
Liabilities: |  |
Indebtedness |  | $ | 39,281 |
Accounts payable and accrued expenses |  | 255 |
Accrued interest payable |  | 283 |
Other liabilities |  | 111 |
Total liabilities |  | 39,931 |
Noncontrolling interest |  | 256 |
Derecognition of investments in unconsolidated real estate entities |  | 12,691 |
Total Liabilities and equity |  | $ | 52,878 |

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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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