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Investments in Properties (Tables)
6 Months Ended
Jun. 30, 2024
Investments in Properties  
Schedule of Investments in Properties

A summary of our investments in properties is below (in thousands):

Property Type

As of June 30, 2024

As of December 31, 2023

Land

$

1,103,440

$

1,087,278

Acquired ground lease

89

91

Buildings and improvements

25,492,554

25,388,788

Tenant improvements

874,549

830,211

27,470,632

27,306,368

Accumulated depreciation and amortization

(8,303,070)

(7,823,685)

Investments in operating properties, net

19,167,562

19,482,683

Construction in progress and space held for development

4,676,012

4,635,215

Land held for future development

93,940

118,190

Investments in properties, net

$

23,937,514

$

24,236,088