Property Type

As of December 31, 2024

As of December 31, 2023

Land

$

1,108,251

$

1,087,278

Acquired ground lease

86

91

Buildings and improvements

25,567,155

25,388,788

Tenant improvements

883,502

830,211

27,558,994

27,306,368

Accumulated depreciation and amortization

(8,641,331)

(7,823,685)

Investments in operating properties, net

18,917,663

19,482,683

Construction in progress and space held for development

5,164,334

4,635,215

Land held for future development

38,785

118,190

Investments in properties, net

$

24,120,782

$

24,236,088