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Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Consolidated Real Estate | The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Land |  | $ | 871,084 |  |  | $ | 872,228 |
Buildings and improvements |  |  | 3,137,273 |  |  |  | 3,128,650 |
Tenant improvements |  |  | 264,548 |  |  |  | 257,955 |
Construction in progress |  |  | 22,884 |  |  |  | 23,250 |
Right-of-use assets - finance leases (Note 11) |  |  | 58,637 |  |  |  | 58,637 |
Total |  |  | 4,354,426 |  |  |  | 4,340,720 |
Less: Accumulated depreciation and amortization |  |  | (854,731 | ) |  |  | (823,439 | )
Operating real estate, net |  |  | 3,499,695 |  |  |  | 3,517,281 |
Real estate under development |  |  | 96,594 |  |  |  | 94,799 |
Net investments in real estate |  | $ | 3,596,289 |  |  | $ | 3,612,080 |
Schedule of Asset Held For Sale Property | Assets of the held for sale properties consisted of the following:
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |
Land |  | $ | 4,524 |  |  | $ | 3,380 |
Buildings and improvements |  |  | 8,412 |  |  |  | 12,562 |
Tenant improvements |  |  | 44 |  |  |  | 1,010 |
Less: Accumulated depreciation and amortization |  |  | (1,833 | ) |  |  | (5,895 | )
|  | $ | 11,147 |  |  | $ | 11,057 |
Schedule Of Development In Process Activities | Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands):
|  | January 1, 2024 |  |  | Three Months Ended March 31, 2024 |  |  | March 31, 2024 |
|  | Number of Properties |  |  | Carrying Value |  |  | Transfers In |  |  | Capitalized Costs |  |  | Transfers Out |  |  | Number of Properties |  |  | Carrying Value |
Core |  |  | 2 |  |  | $ | 66,083 |  |  | $ | — |  |  | $ | 1,615 |  |  | $ | — |  |  |  | 2 |  |  |  | 67,698 |
Fund III |  |  | 1 |  |  |  | 28,716 |  |  |  | — |  |  |  | 180 |  |  |  | — |  |  |  | 1 |  |  |  | 28,896 |
Total |  |  | 3 |  |  | $ | 94,799 |  |  | $ | — |  |  | $ | 1,795 |  |  | $ | — |  |  |  | 3 |  |  | $ | 96,594 |

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