Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities as of December 31, 2023 and 2022 were as follows (in thousands):

	2023		2022
Gross deferred income tax assets:
Net operating loss carryforwards	$	188,735	$	175,935
Basis difference - real estate property		18,035		14,027
Basis difference - intangibles		7,744		7,682
Basis difference - equity investments		—		5,694
Tax credit carryforward		2,056		—
Other - temporary differences		180,316		132,578
Total gross deferred income tax assets		396,886		335,916
Valuation allowance		(176,268)		(125,491)
Total deferred income tax assets, net of valuation allowance		220,618		210,425
Gross deferred income tax liabilities:
Basis difference - real estate property		1,162,143		1,160,412
Basis difference - intangibles		190,607		219,653
Straight line rent		5,992		9,215
Other - temporary differences		6,750		5,744
Total gross deferred income tax liabilities		1,365,492		1,395,024
Net deferred income tax liabilities(1)	$	1,144,874	$	1,184,599

(1) Net of deferred tax assets of $6.2 million and $8.2 million for the year ended December 31, 2023 and 2022, respectively.