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Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation Rollforward (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Rental Properties and Current, Near-Term and Future Value-Creation Projects      
Balance at beginning of period $ 14,181,780 $ 12,178,255 $ 10,632,518
Purchase of real estate 2,240,376 1,057,036 707,522
Additions to real estate 1,143,035 959,410 881,463
Sale of real estate (12,235) (12,921) (43,248)
Balance at end of period 17,552,956 [1] 14,181,780 12,178,255
Accumulated Depreciation      
Balance at beginning of period 2,268,087 1,880,236 1,554,546
Depreciation expense on properties 448,661 390,471 348,064
Sale of properties (7,830) (2,620) (22,374)
Balance at end of period $ 2,708,918 [2] $ 2,268,087 $ 1,880,236
[1]
The aggregate cost of real estate for federal income tax purposes is not materially different from the cost basis under GAAP (unaudited).
[2]
The depreciable life ranges up to 40 years for buildings and improvements, up to 20 years for land improvements, and the term of the respective lease for tenant improvements.