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Investments in Properties (Tables)
9 Months Ended
Sep. 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 September 30, 2024

As of December 31, 2023

Land

$

1,175,270

$

1,087,278

Acquired ground lease

92

91

Buildings and improvements

26,725,546

25,388,788

Tenant improvements

907,862

830,211

28,808,770

27,306,368

Accumulated depreciation and amortization

(8,777,002)

(7,823,685)

Investments in operating properties, net

20,031,768

19,482,683

Construction in progress and space held for development

5,175,054

4,635,215

Land held for future development

23,392

118,190

Investments in properties, net

$

25,230,214

$

24,236,088