Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 547,641	$ 419,486
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	357,622	391,775
Amortization of deferred financing costs	5,651	7,739
Non-cash lease expense	6,447	945
Non-cash interest expense related to amortization of discount on unsecured senior notes, net	23,083	21,558
Compensation expense related to share-based awards	15,679	6,192
Accrual of interest income added to principal of debt securities and notes receivable	(16,421)	(16,100)
(Gain) loss on real estate assets held for sale and sold, net	(34,897)	54,659
Distributions from unconsolidated real estate ventures	17,910	14,540
Changes in operating assets and liabilities:
Other assets	27,003	(3,463)
Accounts payable and accrued expenses	77,529	42,669
Other liabilities	(1,981)	70,800
Net cash provided by operating activities	1,025,265	1,010,800
Cash flows from investing activities:
Acquisition of real estate assets and improvements	(464,517)	(157,329)
Development and redevelopment of real estate assets	(79,560)	(69,384)
Proceeds from sale of real estate assets	133,206	0
Investment in unconsolidated real estate entities	(113,285)	(10,789)
Return of investment in unconsolidated real estate ventures	200,000	4,200
Issuance of notes receivable	(360,406)	(569,268)
Payments received on notes receivable	46,338	47,455
Proceeds from sale of notes receivable	32,371	0
Purchase of equipment and fixtures	(8,402)	(9,652)
Net cash used in investing activities	(614,255)	(764,767)
Cash flows from financing activities:
Proceeds from unsecured term loans, senior notes, revolving lines of credit and commercial paper	6,440,431	3,263,470
Principal payments on unsecured term loans, senior notes, revolving lines of credit and commercial paper	(6,974,943)	(3,407,382)
Proceeds from issuance of public bonds, net	850,000	600,000
Deferred financing costs	(13,373)	(5,719)
Repurchase of common stock	(8,615)	0
Proceeds from share issuances	0	366
Redemption of Operating Partnership units for cash	(279)	0
Offering costs associated with shelf registration	0	(494)
Dividends paid on common stock	(688,085)	(687,636)
Distributions to noncontrolling interests, net of contributions	(30,761)	(32,177)
Net cash used in financing activities	(425,625)	(269,572)
Net decrease in cash, cash equivalents, and restricted cash	(14,615)	(23,539)
Cash, cash equivalents, and restricted cash, beginning of the period	143,303	105,083
Cash, cash equivalents, and restricted cash, end of the period	128,688	81,544
Cash and equivalents	125,045	76,973
Restricted cash included in other assets	3,643	4,571
Cash, cash equivalents, and restricted cash	128,688	81,544
Supplemental schedule of cash flow information
Interest paid	283,419	230,242
Income taxes paid	23,955	22,034
Redemption of Operating Partnership units held by noncontrolling interests for common stock
Noncontrolling interests in Operating Partnership	(26,218)	(54,491)
Common stock and paid-in capital	26,218	54,491
Acquisition and establishment of operating lease right of use assets and lease liabilities
Real estate assets - operating lease right-of-use assets	419	0
Operating lease liabilities	(419)	0
Acquisitions of real estate assets
Real estate assets, net	111,984	0
Value of OP units issued	(5,878)	0
Value of investment in consolidated real estate ventures	(105,471)	0
Net liabilities assumed	(635)	0
Accrued construction costs and capital expenditures
Acquisition of real estate assets	14,014	4,754
Accounts payable and accrued expenses	$ (14,014)	$ (4,754)