XML 73 R57.htm IDEA: XBRL DOCUMENT v3.24.0.1
NLOP Spin-Off - Summary of Assets, Liabilities, and Equity Derecognized in Connection with the Spin-off (Details)) - USD ($)
$ in Thousands
Dec. 31, 2023
Nov. 01, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investments in real estate:          
Land, buildings and improvements — net lease and other $ 12,095,458   $ 13,338,857    
In-place lease intangible assets and other 2,308,853   2,659,750    
Above-market rent intangible assets 706,773   833,751    
Investments in real estate 17,882,256   18,700,011    
Accumulated depreciation and amortization (3,005,479)   (3,269,057)    
Net investments in real estate 14,913,899   15,488,898    
Cash and cash equivalents 691,971   224,141 $ 217,950 $ 311,779
Other assets, net 1,096,474   1,080,227    
Goodwill 978,289   1,037,412 901,529 910,818
Total assets [1] 17,976,783   18,102,035    
Liabilities and Equity          
Non-recourse mortgages, net 579,147   1,132,417    
Accounts payable, accrued expenses and other liabilities 615,750   623,843    
Below-market rent and other intangible liabilities, net 136,872   184,584    
Deferred income taxes 180,650   178,959    
Total liabilities [1] 9,269,786   9,093,391    
Distributions in excess of accumulated earnings 2,891,424   2,486,633    
Accumulated other comprehensive loss (254,867)   (283,780)    
Noncontrolling interests 6,562   14,998    
Total equity 8,706,997   $ 9,008,644 $ 7,583,451 $ 6,878,369
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | NLOP          
Investments in real estate:          
Land, buildings and improvements — net lease and other   $ 1,299,400      
In-place lease intangible assets and other   373,631      
Above-market rent intangible assets   58,426      
Investments in real estate   1,731,457      
Accumulated depreciation and amortization   (454,768)      
Net investments in real estate   1,276,689      
Cash and cash equivalents   9,141      
Other assets, net   70,472      
Goodwill   61,737      
Less: impairment charges (Note 10)   (47,282)      
Total assets   1,370,757      
Liabilities and Equity          
Non-recourse mortgages, net $ 164,700 164,743      
Accounts payable, accrued expenses and other liabilities   54,199      
Below-market rent and other intangible liabilities, net   11,799      
Deferred income taxes   9,718      
Total liabilities   240,459      
Distributions in excess of accumulated earnings   229,712      
Accumulated other comprehensive loss   (35,664)      
Noncontrolling interests   4,406      
Total equity   198,454      
Total liabilities and equity   $ 438,913      
[1] See Note 2 for details related to variable interest entities (“VIEs”).