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Real Estate Activities (Tables)
3 Months Ended
Mar. 31, 2023
Real Estate [Abstract]  
Investments in Real Estate

Investments in real estate as of March 31, 2023 and December 31, 2022 were comprised of the following:

 

 

March 31,

 

 

December 31,

 

(in thousands of dollars)

 

2023

 

 

2022

 

Buildings, improvements and construction in progress

 

$

2,539,604

 

 

$

2,549,731

 

Land, including land held for development

 

 

389,930

 

 

 

389,930

 

Total investments in real estate

 

 

2,929,534

 

 

 

2,939,661

 

Accumulated depreciation

 

 

(1,377,167

)

 

 

(1,370,065

)

Net investments in real estate

 

$

1,552,367

 

 

$

1,569,596

 

Summary of Assets and Liabilities Held for Sale

As of March 31, 2023 and December 31, 2022, we had assets and liabilities that have been classified as held for sale and summarized in the following table:

 

 

March 31,

 

 

December 31,

 

(in thousands of dollars)

 

2023

 

 

2022

 

Assets held for sale:

 

 

 

 

 

 

Operating properties

 

$

32,204

 

 

$

58,562

 

Tenant and other receivables, net of allowance

 

 

321

 

 

 

226

 

Other assets

 

 

2,511

 

 

 

2,979

 

             Total assets held for sale

 

$

35,036

 

 

$

61,767

 

Liabilities held for sale:

 

 

 

 

 

 

Accrued expenses and other liabilities

 

$

(1,975

)

 

$

(2,539

)

             Total liabilities held for sale

 

$

(1,975

)

 

$

(2,539

)