Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Investment In Real Estate

The table below summarizes our investment in real estate:

(In thousands)	December 31, 2022		December 31, 2021
Land(1)	$	1,185,977	$	1,150,821
Buildings and improvements(1)	10,055,499		9,344,087
Tenant improvements and lease intangibles	981,460		935,639
Property under development(1)	70,037		388,530
Investment in real estate, gross	$	12,292,973	$	11,819,077

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(1) During 2022, Property under development balances transferred to Land and Building and improvements for real estate placed into service were $13.1 million and $360.4 million, respectively. During 2021, Property under development balances transferred to Building and improvements for real estate placed into service were $51.2 million.

Schedule of Purchase Price Allocation for Acquisition

The contract price and the purchase price allocation total in the table below differ due to acquisition costs, prorations and similar adjustments:

(In thousands)	Purchase Price Allocation
Land	$	22,086
Buildings and improvements	319,666
Tenant improvements and lease intangibles	8,879
Acquired below-market leases	(18,542)
Other liabilities assumed	(1,619)
Net assets and liabilities acquired	$	330,470