Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

The following table provides supplemental cash flow information (in thousands):

	Year Ended December 31,
	2024		2023		2022
Supplemental cash flow information:
Interest paid, net of capitalized interest	$	249,471	$	188,213	$	162,115
Income taxes paid (refunded)	7,862		1,923		(1,903)
Capitalized interest	69,256		56,849		41,046
Cash paid for amounts included in the measurement of lease liability for operating leases	21,277		21,488		12,594
Supplemental schedule of non-cash investing and financing activities:
Increase in ROU asset in exchange for new lease liability related to operating leases	15,457		3,951		9,454
Accrued construction costs	136,767		105,572		178,626
Net noncash impact from the consolidation of property previously held in an unconsolidated joint venture	—		993		—
Retained investment in connection with South San Francisco JVs transaction (see Note 9)	—		—		293,265
Retained investment in connection with Callan Ridge JV (see Note 9)	69,255		—		—
Non-cash assets and liabilities assumed in connection with the Merger (see Note 3)	2,926,141		—		—
Seller financing provided on disposition of real estate assets (see Note 8)	418,389		—		—

	Year Ended December 31,
	2024		2023		2022
Leasing costs, tenant improvements, and recurring capital expenditures	$	—	$	—	$	21
Development, redevelopment, and other major improvements of real estate	—		—		18
Depreciation and amortization of real estate, in-place lease, and other intangibles	—		—		—

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table summarizes cash, cash equivalents, and restricted cash (in thousands):

	Year Ended December 31,
	2024		2023		2022		2024		2023		2022		2024		2023		2022
	Continuing operations						Discontinued operations						Total
Beginning of year:
Cash and cash equivalents	$	117,635	$	72,032	$	158,287	$	—	$	—	$	7,707	$	117,635	$	72,032	$	165,994
Restricted cash	51,388		54,802		53,454		—		—		—		51,388		54,802		53,454
Cash, cash equivalents, and restricted cash	$	169,023	$	126,834	$	211,741	$	—	$	—	$	7,707	$	169,023	$	126,834	$	219,448
End of year:
Cash and cash equivalents	$	119,818	$	117,635	$	72,032	$	—	$	—	$	—	$	119,818	$	117,635	$	72,032
Restricted cash	64,487		51,388		54,802		—		—		—		64,487		51,388		54,802
Cash, cash equivalents, and restricted cash	$	184,305	$	169,023	$	126,834	$	—	$	—	$	—	$	184,305	$	169,023	$	126,834