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Investments in Unconsolidated Joint Ventures - Schedules of Combined Financial Statements for the Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Assets        
Commercial real estate property, net $ 5,290,901   $ 4,853,255  
Cash and cash equivalents 143,867 $ 180,133 155,747  
Tenant and other receivables, related party receivables, and deferred rents receivable 56,724   45,524  
Right-of-use assets 909,377   864,430  
Other assets 570,175   577,299  
Total assets [1] 11,758,750   11,082,607  
Liabilities and equity        
Mortgages and other loans payable, net 2,491,849   2,146,049  
Lease liability - operating leases 851,142   805,192  
Other liabilities 241,392   392,756  
Equity 3,897,798 3,953,427 3,912,448 $ 4,069,951
Total liabilities and equity 11,758,750   11,082,607  
Company's investments in unconsolidated joint ventures 2,500,573   2,624,755  
Investments difference between carrying amount and underlying equity 443,400      
Combined statements of income for the unconsolidated joint ventures        
Total revenues 253,080 239,846    
Operating expenses 61,457 56,062    
Real estate taxes 41,912 37,217    
Operating lease rent 6,944 6,106    
Interest expense, net of interest income 50,909 45,681    
Amortization of deferred financing costs 2,802 1,687    
Depreciation and amortization 69,751 64,498    
Total expenses 297,021 243,922    
Net loss (77,398) (21,545)    
Company's equity in net (loss) income from unconsolidated joint ventures (20,780) 1,170    
Due from joint ventures        
Assets        
Commercial real estate property, net 15,428,309   15,434,243  
Cash and cash equivalents 777,366   647,413  
Tenant and other receivables, related party receivables, and deferred rents receivable 813,157   771,123  
Debt and preferred equity investments, net 270,986   262,506  
Right-of-use assets 820,104   824,088  
Other assets 1,636,392   1,685,360  
Total assets 19,746,314   19,624,733  
Liabilities and equity        
Mortgages and other loans payable, net 12,810,512   12,378,150  
Deferred revenue 841,807   852,035  
Lease liability - operating leases 907,808   908,988  
Other liabilities 471,370   484,801  
Equity 4,714,817   5,000,759  
Total liabilities and equity 19,746,314   $ 19,624,733  
Company's investments in unconsolidated joint ventures 2,500,573      
Combined statements of income for the unconsolidated joint ventures        
Total revenues 410,378 371,925    
Operating expenses 75,836 68,015    
Real estate taxes 76,755 71,504    
Operating lease rent 2,995 6,581    
Interest expense, net of interest income 139,898 128,896    
Amortization of deferred financing costs 8,491 6,019    
Depreciation and amortization 132,612 121,305    
Total expenses 436,587 402,320    
Loss on early extinguishment of debt (9,497) 0    
Net loss (35,706) (30,395)    
Company's equity in net (loss) income from unconsolidated joint ventures $ (20,780) $ 1,170    
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $369.9 million and $185.2 million of land, $685.5 million and $207.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $8.0 million and $6.3 million of accumulated depreciation, $293.2 million and $153.0 million of debt fund investments, $1,027.2 million and $1,023.9 million of real estate loans held by consolidated securitization vehicles, $628.7 million and $862.5 million of other assets included in other line items, $856.1 million and $328.6 million of real estate debt, net, $2.3 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $1,027.2 million and $1,023.9 million of senior obligations of consolidated securitization vehicles and $230.5 million and $287.5 million of other liabilities included in other line items as of March 31, 2026 and December 31, 2025, respectively.