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Real Estate (Tables)

3 Months Ended

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