XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.3
Investments in Real Estate (Tables)
 9 Months Ended
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 —
Building5,728,541 5,695,711 40
Furniture, fixtures and equipment439,120 340,438 
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 equivalents817 
Restricted cash1,329 
Other assets395 
Intangible assets398 
   Total assets$52,878 
Liabilities:
Indebtedness$39,281 
Accounts payable and accrued expenses255 
Accrued interest payable283 
Other liabilities111 
   Total liabilities39,931 
Noncontrolling interest256 
Derecognition of investments in unconsolidated real estate entities12,691 
        Total Liabilities and equity$52,878