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Acquisitions and Dispositions of Properties (Tables)
12 Months Ended
Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of acquisitions and dispositions of properties

The Company sold the following other real estate properties during the years ended December 31, 2023, 2022 and 2021:

Date Sold /

Gross Proceeds / Fair Value

Gain on Sale / contribution

Property Type

Metro Area

contributed

(in millions)

(in millions)

Joint venture contributions

Various

2023

$

2,278.5

(1)

$

814.0

Non-core assets

Various

2023

341.3

86.6

Non-core building

Dallas

Aug 8, 2022

203.0

174.0

Other

Various

2022

2.8

2.8

European portfolio

Various

Mar 16, 2021

680.0

332.0

Other

Various

2021

109.6

37.7

Digital Core REIT (DCRU)  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of acquisitions and dispositions of properties

As a result of this transaction, the Company recognized a gain on sale of assets of approximately $1.0 billion – which is summarized below (in millions).

Cash received

$

919.1

Fair market value of retained investment in SREIT

521.4

Acquisition fees paid in Digital Core REIT units

13.0

Tax on acquisition fees

(3.0)

Net book value of assets contributed

(439.3)

Gain on disposition of properties

$

1,011.2