CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 214,742	$ (355,842)	$ 689,287
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	312,735	325,362	342,593
Gain on dispositions of real estate, impairments of real estate, net	(445,050)	(3,951)	(677,740)
Loss on extinguishment of debt	3,128	36,888	2,008
Income tax (benefit) expense	198	(2,304)	2,427
Loss from unconsolidated real estate partnerships	13,601	17,035	29,648
Amortization of debt issuance costs	28,406	14,084	5,821
Unrealized loss (gain) on derivative instruments, net	10,683	10,148	(11,043)
Write-off of pre-development, development, and redevelopment costs	0	14,329	0
Share-based compensation expense	0	22,931	8,874
Other, net	11,671	1,273	4,805
Net changes in operating assets and operating liabilities
Other assets, net	16,970	19,462	5,338
Accrued liabilities and other	(25,140)	11,726	(31,618)
Total adjustments	(72,798)	466,983	(318,887)
Net cash provided by operating activities	141,944	111,141	370,400
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate and deposits related to purchases of real estate	(7,527)	(249,572)	(346,626)
Capital expenditures	(119,868)	(147,328)	(173,662)
Distributions from unconsolidated real estate partnerships	0	27,470	207,101
Initial contributions to unconsolidated real estate partnerships	0	0	(51,836)
Proceeds from dispositions of real estate	589,700	1,193	52,066
Purchase of corporate assets	(5,347)	(10,970)	(15,862)
Other investing activities, net	680	(5,929)	15,757
Net cash provided by (used in) investing activities	457,638	(385,136)	(313,062)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt, net	345,220	7,688,718	1,005,920
Principal repayments on non-recourse property debt	(788,149)	(3,577,733)	(119,508)
Repayment of term loans	0	(475,000)	(325,000)
Repayments of unsecured notes payable	0	(400,000)	0
Repayments of revolving credit facility	0	(115,000)	(347,000)
Payment of deferred loan costs	(5,599)	(28,400)	(10,894)
Merger-related distributions, net	0	(2,105,949)	0
Redemption of common and preferred OP units	(3,966)	(53,236)	(18,507)
Payment of distributions to General Partner and Special Limited Partner	(332,364)	(64,649)	(266,140)
Payment of distributions to noncontrolling interests	(67,540)	(17,552)	(14,377)
Repurchases of common partnership units held by General Partner and Special Limited Partner	0	(24,596)	(124,361)
Other financing activities, net	(19,271)	(25,640)	(21,385)
Net cash (used in) provided by financing activities	(871,669)	800,963	(241,252)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(272,087)	526,968	(183,914)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	644,459	117,491	301,405
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	372,372	644,459	117,491
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid, net of amounts capitalized	344,998	245,965	128,431
Cash paid for income taxes	966	1,044	5,720
Non-cash transactions associated with the acquisition or disposition of real estate:
Non-recourse property debt assumed in connection with the acquisition of real estate	0	0	101,215
Non-recourse property debt transferred in connection with the disposition of real estate	107,347	0	0
Issuance of common OP Units in connection with acquisition of real estate	0	0	22,383
Investment in unconsolidated real estate partnerships for contribution of real estate	0	30,976	270,730
Other non-cash transactions:
Accrued capital expenditures (at end of period)	5,171	6,120	5,287
Accrued repurchases of common partnership units (at end of period)	$ 0	$ 0	$ 24,595