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Schedule III - Real Estate and Accumulated Depreciation and Amortization - (Parenthetical) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Land, buildings, and leasehold interests:      
Beginning balance $ 10,397,432 $ 9,678,127 $ 8,917,586
Acquisitions and dollars invested in projects under construction and tenant improvements 565,707 820,238 846,331
Dispositions (147,339) (94,943) (77,481)
Impairment losses (6,632) (5,990) (8,309)
Ending balance 10,809,168 [1],[2] 10,397,432 9,678,127
Accumulated depreciation and amortization:      
Beginning balance 1,864,614 1,660,665 1,471,393
Dispositions (41,046) (26,236) (25,757)
Depreciation and amortization expense 241,952 230,185 215,029
Ending balance 2,065,520 [3] 1,864,614 $ 1,660,665
Net investment in direct financing leases 2,520 $ 3,033  
Real estate, federal income tax basis $ 10,665,000    
Maximum [Member]      
Accumulated depreciation and amortization:      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation 18 months    
Minimum [Member]      
Accumulated depreciation and amortization:      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation 12 months    
[1] For financial reporting purposes, leases recorded as a direct financing lease are excluded from the real estate gross amounts at the close of the period and depreciation is not applicable. As of December 31, 2024, the net investment in real estate accounted for under the direct financing method was $2,520
[2] The following is a reconciliation of the real estate portfolio accounted for using the operating method, including real estate held for sale for the years ended December 31:

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

Beginning balance, January 1

$

10,397,432

 

 

$

9,678,127

 

 

$

8,917,586

 

Acquisitions and dollars invested in projects under construction or tenant improvements

 

565,707

 

 

 

820,238

 

 

 

846,331

 

Dispositions

 

(147,339

)

 

 

(94,943

)

 

 

(77,481

)

Impairment losses

 

(6,632

)

 

 

(5,990

)

 

 

(8,309

)

Ending balance, December 31

$

10,809,168

 

 

$

10,397,432

 

 

$

9,678,127

 

[3] The following is a reconciliation of accumulated depreciation and amortization for the years ended December 31:

 

2024

 

 

2023

 

 

2022

 

Beginning balance, January 1

$

1,864,614

 

 

$

1,660,665

 

 

$

1,471,393

 

Dispositions

 

(41,046

)

 

 

(26,236

)

 

 

(25,757

)

Depreciation and amortization expense

 

241,952

 

 

 

230,185

 

 

 

215,029

 

Ending balance, December 31

$

2,065,520

 

 

$

1,864,614

 

 

$

1,660,665