XML 64 R49.htm IDEA: XBRL DOCUMENT v3.25.1
Co-investments - Schedule of Financial Information for Co-Investments Accounted For Under the Equity Method (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]        
Total assets $ 13,186,258   $ 12,927,359  
Debt 7,406,307   7,176,120  
Other liabilities 50,019   50,220  
Equity 5,745,575 $ 5,723,753 5,720,390 $ 5,593,978
Total liabilities and equity 13,186,258   12,927,359  
Combined statments of income:        
Property revenues 464,583 426,928    
Net operating income 323,468 297,717    
Interest expense (62,732) (55,933)    
General and administrative (16,292) (17,171)    
Net income 212,778 285,140    
Related Party | Total co-investment        
Combined statments of income:        
Company’s share of net income 1,200 1,100    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]        
Rental properties and real estate under development 3,938,493   4,094,826  
Other assets 230,450   277,420  
Total assets 4,168,943   4,372,246  
Debt 2,856,849   3,001,303  
Other liabilities 240,865   235,111  
Equity 1,071,229   1,135,832  
Total liabilities and equity 4,168,943   $ 4,372,246  
Combined statments of income:        
Property revenues 86,306 106,293    
Property operating expenses (32,702) (42,314)    
Net operating income 53,604 63,979    
Interest expense (27,301) (40,943)    
General and administrative (4,206) (7,563)    
Depreciation and amortization (36,587) (45,793)    
Net income (14,490) (30,320)    
Company’s share of net income $ 13,209 $ 12,366