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REAL ESTATE AND RELATED ASSETS (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment, at cost, consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land and improvements

 

$

244,346

 

 

$

240,050

 

Buildings and improvements

 

 

3,327,578

 

 

 

3,210,239

 

Equipment and software

 

 

534,139

 

 

 

478,134

 

Office furniture and fixtures

 

 

38,496

 

 

 

37,109

 

 

 

 

4,144,559

 

 

 

3,965,532

 

Less: Accumulated depreciation

 

 

(2,012,353

)

 

 

(1,905,508

)

 

 

$

2,132,206

 

 

$

2,060,024