Acquired Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities

	Balance as of
	December 31, 2024						December 31, 2023
(Amounts in thousands)		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationship value	$	2,783,428	$	(1,080,547)	$	1,702,881	$	2,926,808	$	(952,943)	$	1,973,865
Acquired in-place lease value		1,043,706		(863,021)		180,685		1,089,743		(859,167)		230,576
Other		122,638		(36,038)		86,600		108,744		(33,483)		75,261
Acquired above-market leases		126,322		(122,714)		3,608		153,205		(150,344)		2,861
Acquired below-market leases		(258,243)		219,672		(38,571)		(273,951)		226,840		(47,111)

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)		Customer relationship value		Acquired in-place lease value		Other (1)		Acquired above-market leases		Acquired below-market leases
2025	$	208,836	$	52,481	$	2,717	$	959	$	(5,647)
2026		209,236		51,367		2,717		840		(5,186)
2027		209,011		42,196		2,717		705		(4,621)
2028		188,083		22,771		2,735		705		(4,544)
2029		156,142		11,476		2,789		399		(4,544)
Thereafter		731,573		394		3,545		—		(14,029)
Total	$	1,702,881	$	180,685	$	17,220	$	3,608	$	(38,571)
Remaining Contractual Life (in years)		11.6		3.8				1.9		6.1

(1) Excludes power grid rights in the amount of approximately $69.4 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.