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REAL ESTATE INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Real Estate [Abstract]  
Schedule of Gross Carrying Value of Operating Properties
As of June 30, 2023 and December 31, 2022, the gross carrying value of the operating properties was as follows (in thousands):
June 30, 2023December 31, 2022
Land$398,536 $403,998 
Building and improvements2,725,168 2,760,357 
Tenant improvements473,507 452,885 
Operating properties$3,597,211 $3,617,240 
Assets held for sale - real estate investments52,664 — 
Total$3,649,875 $3,617,240 
Schedule of Properties Classified as Held for Sale The following is a summary of the property classified as held for sale as of June 30, 2023 (in thousands):
Held for Sale Properties (a)
June 30, 2023
ASSETS HELD FOR SALE
Real estate investments:
Operating properties
$54,701 
Accumulated depreciation
(5,388)
Operating real estate investments, net
49,313 
Construction-in-progress
370 
Total real estate investments, net
49,683 
Deferred costs, net339 
Intangible assets, net1,755 
Accrued Rent Receivable790 
Other assets97 
Total assets held for sale, net
$52,664 
LIABILITIES HELD FOR SALE
Mortgage notes payable, net
Deferred income, gains and rent383 
Intangible liabilities, net658 
Total liabilities held for sale, net
$1,041