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Investment in Real Estate | 3 Months Ended
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Mar. 31, 2024
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:
| March 31, 2024 |  | December 31, 2023
Land | $ | 1,220,339 |  |  | $ | 1,220,339 |
Building and improvements | 6,176,712 |  |  | 5,969,364 |
Tenant improvements | 763,259 |  |  | 818,653 |
Furniture and fixtures | 6,039 |  |  | 8,609 |
Property under development | 12,180 |  |  | 195,931 |
INVESTMENT IN REAL ESTATE, AT COST | $ | 8,178,529 |  |  | $ | 8,212,896 |
Acquisitions of Real Estate The Company had no acquisitions of real estate during the three months ended March 31, 2024. 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. The Company had no impairments of real estate during the three months ended March 31, 2024 and 2023. Dispositions of Real Estate The Company had no dispositions of real estate during the three months ended March 31, 2024. The following table summarizes information on the disposition of a property considered non-strategic to the Company’s portfolio completed during the three months ended March 31, 2023:
Property |  | Segment |  | Date of Disposition |  | Square Feet (unaudited) |  | Sales Price(1) (in millions) |  | Gain on Sale(2) (in millions)
Skyway Landing |  | Office |  | 2/6/2023 |  | 246,997 |  |  | $ | 102.0 |  |  | $ | 7.0 |
__________________ 1.Represents gross sales price before certain credits, prorations and closing costs. 2.Included within gain (loss) on sale of real estate on the Consolidated Statement of Operations.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//976/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//978/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//970/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//972/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//974/tableOfContent + Details
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