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Investment in Real Estate
 9 Months Ended
Sep. 30, 2021
Real Estate [Abstract]  
Investment in Real Estate Investment in Real Estate
The following table summarizes the Company’s investment in real estate, at cost as of:
September 30, 2021December 31, 2020
Land$1,351,888 $1,351,888 
Building and improvements6,008,111 5,840,819 
Tenant improvements751,657 728,111 
Furniture and fixtures14,029 12,250 
Property under development320,806 281,949 
INVESTMENT IN REAL ESTATE, AT COST$8,446,491 $8,215,017 

Acquisitions of Real Estate

The Company had no acquisitions of real estate related to consolidated entities during the nine months ended September 30, 2021.

Dispositions of Real Estate

The Company had no dispositions of real estate during the nine months ended September 30, 2021.

Held for Sale

As of September 30, 2021, the Company had no properties that met the criteria to be classified as held for sale.

Impairment of Long-Lived Assets

The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value, based on Level 1 or Level 2 inputs.

During the nine months ended September 30, 2021, the Company recorded $2.8 million of impairment charges related to its Del Amo office property due to a reduction in management’s intended hold period from a long-term hold period to a short-term hold period, which resulted in an estimated fair value of the property that was less than its carrying value. The estimated fair value of $17.4 million was based on the estimated sales price of the property, which is classified within Level 2 of the fair value hierarchy. The Company did not recognize impairment charges during the nine months ended September 30, 2020.