Assets Held for Sale or Contribution

3 Months Ended

Mar. 31, 2025

Real Estate Assets Held for Development and Sale [Abstract]

Assets Held for Sale or Contribution

NOTE 4. 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 March 31, 2025 and December 31, 2024. 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 (dollars and square feet in thousands):

	March 31, 2025		December 31, 2024
Number of operating properties		11		8
Square feet		2,625		2,229
Total assets held for sale or contribution	$	545,542	$	248,511
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$	3,860	$	1,951