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v3.25.1

Property, Plant and Equipment and Leasehold Intangibles, Net | 3 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment and Leasehold Intangibles, Net | 5. Property, Plant and Equipment and Leasehold Intangibles, Net As of March 31, 2025 and December 31, 2024, net property, plant and equipment and leasehold intangibles consisted of the following.
(in thousands) | March 31, 2025 |  | December 31, 2024
Land | $ | 559,133 |  |  | $ | 532,719 |
Buildings and improvements | 5,979,733 |  |  | 5,667,855 |
Furniture and equipment | 1,236,867 |  |  | 1,182,026 |
Resident in-place lease intangibles | 281,041 |  |  | 281,041 |
Construction in progress | 26,339 |  |  | 32,965 |
Assets under financing leases and leasehold improvements | 901,643 |  |  | 1,245,791 |
Property, plant and equipment and leasehold intangibles | 8,984,756 |  |  | 8,942,397 |
Accumulated depreciation and amortization | (4,438,929) |  |  | (4,347,996) |
Property, plant and equipment and leasehold intangibles, net | $ | 4,545,827 |  |  | $ | 4,594,401 |
Long-lived assets with definite useful lives are depreciated or amortized on a straight-line basis over their estimated useful lives (or, in certain cases, the shorter of their estimated useful lives or the lease term) and are tested for impairment whenever indicators of impairment arise. The Company recognized depreciation and amortization expense on its property, plant and equipment and leasehold intangibles of $91.0 million and $86.1 million for the three months ended March 31, 2025 and 2024, respectively. The Company recognized $1.8 million and $1.7 million for the three months ended March 31, 2025 and 2024, respectively, of non-cash impairment charges in its operating results for its property, plant and equipment and leasehold intangibles assets.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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