Investments in real estate (Tables)

6 Months Ended

Jun. 30, 2024

Our consolidated investments in real estate, including real estate assets classified as held for sale as described in Note 15 –

“Assets classified as held for sale” to our unaudited consolidated financial statements, consisted of the following as of June 30, 2024

and December 31, 2023 (in thousands):


	June 30, 2024	December 31, 2023
Rental properties:
Land (related to rental properties)	$4,375,145	$4,385,515
Buildings and building improvements	20,636,599	20,320,866
Other improvements	4,166,935	3,681,628
Rental properties	29,178,679	28,388,009
Development and redevelopment projects	8,952,574	8,226,309
Gross investments in real estate	38,131,253	36,614,318
Less: accumulated depreciation	(5,457,414)	(4,980,807)
Investments in real estate	$32,673,839	$31,633,511

Real estate assets dispositions

Our completed dispositions of and sales of partial interests in real estate assets during the six months ended June 30, 2024

consisted of the following (dollars in thousands):

Gain on Sales

of Real Estate

Property

Submarket/Market

Date of

Sale

Interest

Sold

RSF

Sales Price

Dispositions of real estate:

99 A Street(1)

Seaport Innovation District/

Greater Boston

3/8/24

100%

235,000

$13,350

$—

Other

3,863

392

$17,213

$392

(1)During the three months ended December 31, 2023, we recognized a real estate impairment charge of $36.1 million to reduce our investment to its current fair value

less costs to sell. We completed the sale during the three months ended March 31, 2024.