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Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation Rollforward (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Rental Properties and Current, Near-Term and Future Value-Creation Projects      
Balance at beginning of period $ 21,274,810,000 $ 17,552,956,000 $ 14,181,780,000
Acquisitions (including real estate, land, and joint venture consolidation) 5,405,569,000 2,825,537,000 2,240,376,000
Additions to real estate 2,267,848,000 1,505,152,000 1,143,035,000
Deductions (including dispositions and direct financing leases) (196,317,000) (608,835,000) (12,235,000)
Balance at end of period 28,751,910,000 [1] 21,274,810,000 17,552,956,000
Accumulated Depreciation      
Balance at beginning of period 3,182,438,000 2,708,918,000 2,268,087,000
Depreciation expense on properties 607,927,000 530,226,000 448,661,000
Sale of properties (19,124,000) (56,706,000) (7,830,000)
Balance at end of period $ 3,771,241,000 [2] $ 3,182,438,000 $ 2,708,918,000
[1] As of December 31, 2021, the total cost of our real estate assets aggregated $28.8 billion, which was less than the cost of real estate for federal income tax purposes aggregating $29.3 billion by approximately $578.4 million.
[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.