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Investment in Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2025
Real Estate [Abstract] |
Schedule of Investment in Real Estate | The table below summarizes our investment in real estate:
(In thousands) | September 30, 2025 |  | December 31, 2024
Land | $ | 1,199,291 |  | $ | 1,185,977
Buildings and improvements(1) | 10,330,039 |  | 10,190,502
Tenant improvements and lease intangibles | 1,062,543 |  | 1,032,373
Property under development(1) | 179,563 |  | 86,400
Investment in real estate, gross | $ | 12,771,436 |  | $ | 12,495,252
_________________________________________________________ (1) During the nine months ended September 30, 2025, net balances transferred from Building and improvements to Property under development for development projects was $13.9 million.
Schedule Of Asset Acquisitions Purchase Price Allocation | The table below summarizes the adjusted relative purchase price allocation for the initial consolidation of the JV.
(In thousands) | JV Consolidation
Land | $ | 4,286 |
Buildings and improvements | 157,956 |
Tenant improvements and lease intangibles | 7,861 |
Acquired lease intangible assets and liabilities, net | (602) |
Interest rate contract assets | 6,459 |
Secured note payable, net | (112,995) |
Other assets and liabilities, net | 23,501 |
Net assets and liabilities consolidated | $ | 86,466 |
The table below summarizes the relative fair values of the assets acquired and liabilities assumed.
(In thousands) | 10900 Wilshire
Land | $ | 9,029 |
Buildings and improvements | $ | 80,865 |
Tenant improvements and lease intangibles | $ | 4,035 |
Acquired lease intangible assets and liabilities, net | $ | 1,074 |

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