Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Text Block [Abstract]

Schedule of Other Assets and Liabilities

The following table summarizes our other assets and liabilities, net of amortization and depreciation, if applicable, at December 31 (in thousands):

	2023		2022
Acquired lease intangibles, net of $1.4 billion and $1.1 billion of accumulated amortization	$	1,010,615	$	1,183,006
Rent leveling		914,480		715,679
Leasing commissions		749,773		650,127
Lease right-of-use assets (1)		683,707		735,430
Accounts receivable		325,698		377,996
Prepaid assets		248,597		239,483
Fixed assets		208,030		119,897
Value added taxes receivable		155,909		143,317
Derivative assets		87,319		227,236
Other notes receivable		72,730		116,537
Management contracts		10,702		11,048
Deferred income taxes		1,231		5,732
Other		280,944		276,011
Total other assets	$	4,749,735	$	4,801,499
Acquired lease intangibles, net of $720.1 million and $290.1 million of accumulated amortization	$	2,206,906	$	2,373,050
Lease liabilities (1)		597,563		638,811
Tenant security deposits		438,100		419,409
Unearned rents		319,946		305,299
Environmental liabilities		178,201		209,935
Deferred income taxes		118,682		99,757
Derivative liabilities		94,161		6,682
Indemnification liability		47,832		44,356
Value added taxes payable		33,805		15,160
Deferred income		27,423		24,481
Liabilities associated with assets held for sale or contribution		14,182		4,536
Other		353,800		305,033
Total other liabilities	$	4,430,601	$	4,446,509

(1)For the amortization of the future minimum rental payments into rental expense and G&A expense on our land and office leases, respectively, refer to Note 4.

Schedule Of Future Amortized Expense And Benefit Charge To Rental Revenue Table Text Block

The following table summarizes the expected future amortization of leasing commissions and forgone rent (included in acquired lease intangibles above) into amortization expense and above and below market leases (included in acquired lease intangibles above) and rent leveling net assets into rental revenues, all based on the balances at December 31, 2023 (in thousands):

	Amortization Expense		Net Increase to Rental Revenues
2024	$	391,395	$	491,011
2025		317,912		299,106
2026		256,933		181,588
2027		199,057		102,828
2028		146,550		55,424
Thereafter		367,716		81,644
Total	$	1,679,563	$	1,211,601