Assets Held for Sale or Contribution

12 Months Ended

Dec. 31, 2024

Real Estate Assets Held for Development and Sale [Abstract]

Assets Held for Sale or Contribution

NOTE 6. ASSETS HELD FOR SALE OR CONTRIBUTION

We had investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at December 31, 2024, and 2023. At the time of classification, these properties were expected to be sold to third parties or were recently stabilized and expected to be contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution in the Consolidated Balance Sheets represented real estate investment balances and the related assets and liabilities.

Assets held for sale or contribution consisted of the following at December 31 (dollars and square feet in thousands):

	2024		2023
Number of operating properties		8		12
Square feet		2,229		3,469
Total assets held for sale or contribution	$	248,511	$	461,657
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$	1,951	$	14,182