Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

			Encumbrances at December 31, 2023		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition(3)		Gross Amount at Which Carried As of December 31, 2023						Accumulated Depreciation(5)		Year Constructed(6)	Year Acquired
	City	State			Land and improvements(1)		Buildings and Improvements(2)				Land and improvements		Buildings and Improvements		Total(4)
Lab
1483	Brisbane	CA	$	—	$	8,498	$	500	$	82,955	$	8,498	$	83,455	$	91,953	$	(6,065)	2022	2007
1484	Brisbane	CA	—		11,331		689		159,209		11,331		159,898		171,229		(10,321)		2022	2007
1485	Brisbane	CA	—		11,331		600		151,954		11,331		152,554		163,885		(11,224)		2022	2007
1486	Brisbane	CA	—		11,331		—		135,416		11,331		135,416		146,747		(22,767)		2020	2007
1487	Brisbane	CA	—		8,498		—		76,398		8,498		76,398		84,896		(7,089)		2020	2007
2874	Brisbane	CA	—		26,895		62,318		75,811		26,295		138,729		165,024		(13,636)		1989	2019
2875	Brisbane	CA	—		24,092		56,623		7,302		24,092		63,925		88,017		(10,162)		2000	2019
3139	Brisbane	CA	—		35,805		—		5,505		35,805		5,505		41,310		—		—	2019
3140	Brisbane	CA	—		35,805		—		2,668		35,805		2,668		38,473		—		—	2019
3142	Brisbane	CA	—		—		—		3,724		—		3,724		3,724		—		—	2007
1401	Hayward	CA	—		900		7,100		12,450		1,338		19,112		20,450		(5,630)		1996	2007
1402	Hayward	CA	—		1,500		6,400		6,837		1,500		13,237		14,737		(2,971)		1999	2007
1403	Hayward	CA	—		1,900		7,100		7,873		1,900		14,973		16,873		(5,801)		1998	2007
1404	Hayward	CA	—		2,200		17,200		8,948		2,200		26,148		28,348		(10,059)		1999	2007
1405	Hayward	CA	—		1,000		3,200		646		1,000		3,846		4,846		(1,625)		1999	2007
1549	Hayward	CA	—		1,006		4,259		4,208		1,006		8,467		9,473		(4,388)		1996	2007
1550	Hayward	CA	—		677		2,761		876		677		3,637		4,314		(2,027)		1996	2007
1551	Hayward	CA	—		661		1,995		2,899		661		4,894		5,555		(1,675)		1996	2007
1552	Hayward	CA	—		1,187		7,139		1,435		1,187		8,574		9,761		(5,601)		1996	2007
1553	Hayward	CA	—		1,189		9,465		6,555		1,189		16,020		17,209		(12,099)		1996	2007
1554	Hayward	CA	—		1,246		5,179		11,951		1,246		17,130		18,376		(6,357)		1996	2007
1555	Hayward	CA	—		1,521		13,546		7,482		1,521		21,028		22,549		(14,370)		1996	2007
1556	Hayward	CA	—		1,212		5,120		1,127		1,212		6,247		7,459		(3,853)		1996	2007
1424	La Jolla	CA	—		11,175		25,283		44,107		11,389		69,176		80,565		(16,131)		1982	2007
1425	La Jolla	CA	—		7,217		19,883		61		7,217		19,944		27,161		(8,193)		1981	2007
1426	La Jolla	CA	—		8,381		12,412		11,260		8,381		23,672		32,053		(15,449)		1984	2007
1427	La Jolla	CA	—		10,127		16,983		7,965		10,148		24,927		35,075		(11,048)		1982	2007
1949	La Jolla	CA	—		2,686		11,045		17,501		2,686		28,546		31,232		(8,278)		2021	2011
2229	La Jolla	CA	—		8,753		32,528		16,498		8,777		49,002		57,779		(13,320)		1986/2009	2014
1470	Poway	CA	—		5,826		12,200		341		5,826		12,541		18,367		(5,094)		2005	2007
1471	Poway	CA	—		5,978		14,200		—		5,978		14,200		20,178		(5,828)		2005	2007
1472	Poway	CA	—		8,654		—		11,895		8,654		11,895		20,549		(3,723)		2014	2007
1473	Poway	CA	—		11,024		2,405		25,455		11,024		27,860		38,884		(11,513)		2019	2007
1474	Poway	CA	—		5,051		—		19,939		5,051		19,939		24,990		(7,191)		2019	2007
1475	Poway	CA	—		5,655		—		10,299		5,655		10,299		15,954		(837)		2020	2007
1478	Poway	CA	—		6,700		14,400		—		6,700		14,400		21,100		(5,910)		2002	2007
1499	Redwood City	CA	—		3,400		5,500		1,501		3,455		6,946		10,401		(3,391)		1989	2007
1500	Redwood City	CA	—		2,500		4,100		988		2,500		5,088		7,588		(2,478)		1989	2007
1501	Redwood City	CA	—		3,600		4,600		1,892		3,600		6,492		10,092		(3,293)		1989	2007
1502	Redwood City	CA	—		3,100		5,100		1,647		3,100		6,747		9,847		(3,253)		1989	2007
1503	Redwood City	CA	—		4,800		17,300		8,276		4,800		25,576		30,376		(9,310)		1989	2007
1504	Redwood City	CA	—		5,400		15,500		10,956		5,400		26,456		31,856		(11,249)		1989	2007
1505	Redwood City	CA	—		3,000		3,500		5,316		3,000		8,816		11,816		(3,374)		1988	2007
1506	Redwood City	CA	—		6,000		14,300		14,300		6,000		28,600		34,600		(15,991)		1988	2007
1507	Redwood City	CA	—		1,900		12,800		10,680		1,900		23,480		25,380		(7,910)		1988/2011	2007
1508	Redwood City	CA	—		2,700		11,300		17,193		2,700		28,493		31,193		(9,485)		1988/2011	2007
1509	Redwood City	CA	—		2,700		10,900		1,565		2,700		12,465		15,165		(5,042)		1988	2007
1510	Redwood City	CA	—		2,200		12,000		6,243		2,200		18,243		20,443		(7,367)		1988	2007
1511	Redwood City	CA	—		2,600		9,300		19,676		2,600		28,976		31,576		(15,352)		1988	2007
1512	Redwood City	CA	—		3,300		18,000		19,072		3,300		37,072		40,372		(18,557)		2000	2007
1513	Redwood City	CA	—		3,300		17,900		12,092		3,326		29,966		33,292		(16,766)		2000	2007
678	San Diego	CA	—		2,603		11,051		3,514		2,766		14,402		17,168		(6,897)		1997	2004
679	San Diego	CA	—		5,269		23,566		23,961		5,669		47,127		52,796		(18,457)		1997	2004
837	San Diego	CA	—		4,630		2,028		3,302		4,630		5,330		9,960		(2,426)		1988/2012	2006
838	San Diego	CA	—		2,040		903		3,354		2,040		4,257		6,297		(1,325)		1988/2012	2006
839	San Diego	CA	—		3,940		3,184		2,863		4,036		5,951		9,987		(2,499)		1987	2006
840	San Diego	CA	—		5,690		4,579		1,289		5,830		5,728		11,558		(2,587)		1987	2006
1418	San Diego	CA	—		11,700		31,243		59,282		11,700		90,525		102,225		(16,917)		2022	2007
1419	San Diego	CA	—		2,324		—		33,144		2,324		33,144		35,468		(2,735)		2022	2007
1420	San Diego	CA	—		4,200		—		41,121		4,200		41,121		45,321		(2,293)		2022	2007
1421	San Diego	CA	—		7,000		33,779		—		7,000		33,779		40,779		(13,863)		2000	2007
1422	San Diego	CA	—		7,179		3,687		1,171		7,179		4,858		12,037		(3,687)		1984	2007
1423	San Diego	CA	—		8,400		33,144		33,504		8,400		66,648		75,048		(21,043)		2002/2020	2007
1558	San Diego	CA	—		7,740		—		61,285		7,740		61,285		69,025		—		—	2007
1947	San Diego	CA	—		2,581		10,534		4,485		2,581		15,019		17,600		(7,859)		2000	2011
1948	San Diego	CA	—		5,879		25,305		7,951		5,879		33,256		39,135		(13,014)		2001	2011
2197	San Diego	CA	—		7,621		3,913		7,541		7,621		11,454		19,075		(6,884)		1984	2007
2476	San Diego	CA	—		7,661		9,918		13,883		7,661		23,801		31,462		(3,731)		2000/2002	2016
2477	San Diego	CA	—		9,207		14,613		5,993		9,207		20,606		29,813		(6,371)		2000/2001	2016
2478	San Diego	CA	—		6,000		—		112,511		6,000		112,511		118,511		—		—	2016
2617	San Diego	CA	—		2,734		5,195		9,364		2,734		14,559		17,293		(3,269)		1991/2020	2017
2618	San Diego	CA	—		4,100		12,395		22,843		4,100		35,238		39,338		(11,689)		1991/2020	2017
2622	San Diego	CA	—		—		—		17,231		—		17,231		17,231		(1,658)		2020	2004
2872	San Diego	CA	—		10,120		38,351		1,044		10,120		39,395		49,515		(7,919)		1995	2018
2873	San Diego	CA	—		6,052		14,122		1,846		6,052		15,968		22,020		(3,117)		1997	2018

			Encumbrances at December 31, 2023	Initial Cost to Company		Costs Capitalized Subsequent to Acquisition(3)	Gross Amount at Which Carried As of December 31, 2023			Accumulated Depreciation(5)	Year Constructed(6)	Year Acquired
	City	State		Land and improvements(1)	Buildings and Improvements(2)		Land and improvements	Buildings and Improvements	Total(4)
3069	San Diego	CA	—	7,054	7,794	19,748	6,954	27,642	34,596	(3,467)	2007/2021	2019
3104	San Diego	CA	—	—	—	40,755	—	40,755	40,755	—	—	2007
3110	San Diego	CA	—	19,120	—	7,212	20,587	5,745	26,332	—	—	2021
3111	San Diego	CA	—	24,729	—	1,261	24,830	1,160	25,990	—	—	2022
3153	San Diego	CA	—	1,215	—	30	1,216	29	1,245	—	—	2023
1410	South San Francisco	CA	—	4,900	18,100	12,159	4,900	30,259	35,159	(14,389)	2000/2019	2007
1411	South San Francisco	CA	—	8,000	27,700	33,159	8,000	60,859	68,859	(18,496)	2003/2019	2007
1412	South San Francisco	CA	—	10,100	22,521	10,207	10,100	32,728	42,828	(12,170)	1999	2007
1413	South San Francisco	CA	—	8,000	28,299	8,489	8,000	36,788	44,788	(17,427)	2000	2007
1430	South San Francisco	CA	—	10,700	23,621	27,632	10,700	51,253	61,953	(14,113)	1998/2019	2007
1431	South San Francisco	CA	—	7,000	15,500	9,493	7,000	24,993	31,993	(10,242)	2001	2007
1435	South San Francisco	CA	—	13,800	42,500	26,975	13,800	69,475	83,275	(25,159)	2008/2010	2007
1436	South San Francisco	CA	—	14,500	45,300	25,437	14,500	70,737	85,237	(24,676)	2008/2010	2007
1437	South San Francisco	CA	—	9,400	24,800	36,758	9,400	61,558	70,958	(21,946)	2008/2010	2007
1439	South San Francisco	CA	—	11,900	68,848	929	11,900	69,777	81,677	(28,268)	2003	2007
1440	South San Francisco	CA	—	10,000	57,954	471	10,000	58,425	68,425	(23,883)	2003	2007
1441	South San Francisco	CA	—	9,300	43,549	3,004	9,300	46,553	55,853	(16,875)	2003	2007
1442	South San Francisco	CA	—	11,000	47,289	42,670	11,000	89,959	100,959	(21,784)	2023	2007
1443	South San Francisco	CA	—	13,200	60,932	3,259	13,200	64,191	77,391	(24,832)	2007	2007
1444	South San Francisco	CA	—	10,500	33,776	9,449	10,500	43,225	53,725	(13,088)	2003	2007
1445	South San Francisco	CA	—	10,600	34,083	11	10,600	34,094	44,694	(13,995)	2003	2007
1458	South San Francisco	CA	—	10,900	20,900	6,560	10,900	27,460	38,360	(9,607)	2005	2007
1459	South San Francisco	CA	—	9,800	400	157,931	9,800	158,331	168,131	(4,460)	2023	2007
1462	South San Francisco	CA	—	7,117	600	4,112	7,117	4,712	11,829	(1,785)	1984/2012	2007
1463	South San Francisco	CA	—	10,381	2,300	19,648	10,381	21,948	32,329	(8,511)	1979/2012	2007
1464	South San Francisco	CA	—	7,403	700	8,819	7,403	9,519	16,922	(2,723)	1965/2012	2007
1468	South San Francisco	CA	—	10,100	24,013	12,188	10,100	36,201	46,301	(15,058)	2006	2007
1480	South San Francisco	CA	—	32,210	3,110	161,341	32,210	164,451	196,661	(472)	2023	2007
1528	South San Francisco	CA	—	—	—	165,770	—	165,770	165,770	—	—	2007
1559	South San Francisco	CA	—	5,666	5,773	161	5,666	5,934	11,600	(5,919)	1968	2007
1560	South San Francisco	CA	—	1,204	1,293	2,683	1,204	3,976	5,180	(2,917)	1966	2007
1983	South San Francisco	CA	—	8,648	—	97,280	8,648	97,280	105,928	(34,710)	2016	2011
1984	South San Francisco	CA	—	7,845	—	90,818	7,844	90,819	98,663	(29,712)	2017	2011
1985	South San Francisco	CA	—	6,708	—	122,646	6,708	122,646	129,354	(37,274)	2017	2011
1986	South San Francisco	CA	—	6,708	—	120,613	6,708	120,613	127,321	(31,623)	2018	2011
1987	South San Francisco	CA	—	8,544	—	100,777	8,544	100,777	109,321	(23,837)	2019	2011
1988	South San Francisco	CA	—	10,120	—	118,498	10,120	118,498	128,618	(29,452)	2019	2011
1989	South San Francisco	CA	—	9,169	—	100,338	9,169	100,338	109,507	(18,597)	2020	2011
2553	South San Francisco	CA	—	2,897	8,691	4,478	2,897	13,169	16,066	(4,340)	1988	2015
2554	South San Francisco	CA	—	995	2,754	2,332	995	5,086	6,081	(1,393)	1988	2015
2555	South San Francisco	CA	—	2,202	10,776	2,497	2,202	13,273	15,475	(3,326)	1988	2015
2556	South San Francisco	CA	—	2,962	15,108	1,557	2,962	16,665	19,627	(4,087)	1988	2015
2557	South San Francisco	CA	—	2,453	13,063	3,616	2,453	16,679	19,132	(5,840)	1988	2015
2558	South San Francisco	CA	—	1,163	5,925	315	1,163	6,240	7,403	(1,438)	1988	2015
2624	South San Francisco	CA	—	25,502	42,910	14,017	25,502	56,927	82,429	(13,911)	2001	2017
2870	South San Francisco	CA	—	23,297	41,797	28,777	23,297	70,574	93,871	(17,071)	1996/2019	2018
2871	South San Francisco	CA	—	20,293	41,262	22,089	20,293	63,351	83,644	(19,258)	1999/2019	2018
3100	South San Francisco	CA	—	24,059	—	3,733	24,059	3,733	27,792	—	—	2021
3101	South San Francisco	CA	—	61,208	—	22,276	61,208	22,276	83,484	—	—	2021
3102	South San Francisco	CA	—	43,885	—	3,806	43,885	3,806	47,691	—	—	2021
3123	South San Francisco	CA	—	—	—	6,455	—	6,455	6,455	—	—	2007
2705	Cambridge	MA	—	24,371	128,498	83	24,371	128,581	152,952	(13,274)	2011	2020
2706	Cambridge	MA	—	15,473	149,051	797	15,473	149,848	165,321	(16,851)	2019	2020
2707	Cambridge	MA	—	25,549	229,547	8,597	25,549	238,144	263,693	(24,757)	2019	2020
2708	Cambridge	MA	—	—	17,751	513	—	18,264	18,264	(1,419)	2010	2020
2709	Cambridge	MA	—	—	15,451	29	—	15,480	15,480	(1,192)	2019	2020
2928	Cambridge	MA	—	44,215	24,120	3,076	44,215	27,196	71,411	(3,966)	1984	2019
2929	Cambridge	MA	—	20,517	—	158,992	20,517	158,992	179,509	(8,248)	2022	2019
3074	Cambridge	MA	—	78,762	252,153	11,380	78,762	263,533	342,295	(32,549)	2018	2019
3106	Cambridge	MA	—	20,644	2,982	570	20,644	3,552	24,196	(238)	1950	2021
3107	Cambridge	MA	—	19,009	12,327	—	19,009	12,327	31,336	(841)	1973	2021
3108	Cambridge	MA	—	123,074	7,513	—	123,074	7,513	130,587	(678)	1965	2021
3109	Cambridge	MA	—	5,903	—	362	5,903	362	6,265	—	—	2021
3112	Cambridge	MA	—	23,402	47,623	69	23,402	47,692	71,094	(3,950)	1985	2021
3113	Cambridge	MA	—	32,244	—	6,730	36,119	2,855	38,974	—	—	2021
3114	Cambridge	MA	—	22,969	—	(2,306)	22,969	(2,306)	20,663	—	—	2021
3115	Cambridge	MA	—	66,786	—	1,418	66,786	1,418	68,204	—	—	2021
3116	Cambridge	MA	—	—	—	9,680	—	9,680	9,680	—	—	2021
3119	Cambridge	MA	—	—	29,667	—	—	29,667	29,667	(2,041)	2021	2021
3120	Cambridge	MA	—	18,063	—	670	18,063	670	18,733	—	—	2021
3122	Cambridge	MA	—	25,247	—	2,081	25,247	2,081	27,328	—	—	2021
3136	Cambridge	MA	—	4,118	—	(219)	4,119	(220)	3,899	—	—	2021
3137	Cambridge	MA	—	41,327	—	2,767	41,327	2,767	44,094	—	—	2021
3141	Cambridge	MA	—	72,466	—	5,757	72,768	5,455	78,223	—	—	2022
3148	Cambridge	MA	—	2,277	—	704	2,290	691	2,981	—	—	2022
3149	Cambridge	MA	—	5,690	—	314	5,734	270	6,004	—	—	2022
3150	Cambridge	MA	—	1,651	—	206	1,659	198	1,857	—	—	2022
3151	Cambridge	MA	—	8,532	—	457	8,583	406	8,989	—	—	2022
3152	Cambridge	MA	—	9,892	—	1,035	10,507	420	10,927	—	—	2023
2630	Lexington	MA	—	16,411	49,681	(2,292)	12,967	50,833	63,800	(10,653)	1999	2017
2631	Lexington	MA	—	7,759	142,081	30,228	6,978	173,090	180,068	(27,404)	2010/2023	2017
2632	Lexington	MA	—	—	21,390	125,076	—	146,466	146,466	(18,615)	2021	2018

			Encumbrances at December 31, 2023		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition(3)		Gross Amount at Which Carried As of December 31, 2023						Accumulated Depreciation(5)		Year Constructed(6)	Year Acquired
	City	State			Land and improvements(1)		Buildings and Improvements(2)				Land and improvements		Buildings and Improvements		Total(4)
3070	Lexington	MA	—		14,013		17,083		(269)		14,013		16,814		30,827		(2,534)		1974/2012	2019
3071	Lexington	MA	—		14,930		16,677		(359)		14,930		16,318		31,248		(2,236)		1970/2012	2019
3072	Lexington	MA	—		34,598		43,032		(288)		34,598		42,744		77,342		(7,547)		1967/2013	2019
3073	Lexington	MA	—		37,050		44,647		144		37,050		44,791		81,841		(8,051)		2017	2019
3093	Waltham	MA	—		47,792		275,556		18,351		47,792		293,907		341,699		(38,172)		2018	2020
9999	Denton	TX	—		100		—		—		100		—		100		—		—	2016
464	Salt Lake City	UT	—		630		6,921		2,563		630		9,484		10,114		(5,812)		1996	2001
465	Salt Lake City	UT	—		125		6,368		68		125		6,436		6,561		(3,267)		1999	2001
466	Salt Lake City	UT	—		—		14,614		(1,401)		—		13,213		13,213		(5,371)		2002	2001
1593	Salt Lake City	UT	—		—		23,998		250		—		24,248		24,248		(9,774)		2010	2010
			$	—	$	1,936,228	$	3,238,815	$	3,654,501	$	1,939,357	$	6,890,187	$	8,829,544	$	(1,444,864)

			Encumbrances at December 31, 2023		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition(3)		Gross Amount at Which Carried As of December 31, 2023						Accumulated Depreciation(5)		Year Constructed(6)	Year Acquired
	City	State			Land and improvements(1)		Buildings and Improvements(2)				Land and improvements		Buildings and Improvements		Total(4)
Outpatient medical
638	Anchorage	AK	$	—	$	1,456	$	10,650	$	10,727	$	1,456	$	21,377	$	22,833	$	(9,272)	1993/2014	2006
3026	Bentonville	AR	—		912		21,724		658		912		22,382		23,294		(1,712)		2003	2022
126	Sherwood	AR	—		709		9,604		208		709		9,812		10,521		(7,007)		1990	1989
2572	Springdale	AR	—		—		27,714		—		—		27,714		27,714		(6,413)		1995	2016
520	Chandler	AZ	—		3,669		13,503		6,374		4,013		19,533		23,546		(9,353)		2005	2002
113	Glendale	AZ	—		1,565		7,050		175		1,565		7,225		8,790		(5,317)		1989	1988
2040	Mesa	AZ	—		—		17,314		3,047		—		20,361		20,361		(4,856)		2007	2012
1066	Scottsdale	AZ	—		5,115		14,064		5,912		4,888		20,203		25,091		(8,153)		1999	2006
2021	Scottsdale	AZ	—		—		12,312		4,763		—		17,075		17,075		(7,205)		1984	2012
2022	Scottsdale	AZ	—		—		9,179		3,033		—		12,212		12,212		(4,579)		1996	2012
2023	Scottsdale	AZ	—		—		6,398		1,818		—		8,216		8,216		(3,614)		2000	2012
2024	Scottsdale	AZ	—		—		9,522		1,163		32		10,653		10,685		(4,712)		2007	2012
2025	Scottsdale	AZ	—		—		4,102		2,451		—		6,553		6,553		(2,764)		1981	2012
2026	Scottsdale	AZ	—		—		3,655		2,031		—		5,686		5,686		(2,734)		1992	2012
2027	Scottsdale	AZ	—		—		7,168		2,119		—		9,287		9,287		(4,289)		1995	2012
2028	Scottsdale	AZ	—		—		6,659		5,065		—		11,724		11,724		(5,306)		1998	2012
2696	Scottsdale	AZ	—		10,151		14,925		3,195		10,211		18,060		28,271		(5,217)		1998	2020
1041	Brentwood	CA	—		—		30,864		9,237		183		39,918		40,101		(14,995)		2004	2006
1200	Encino	CA	—		6,151		10,438		6,043		6,388		16,244		22,632		(8,073)		1973	2006
1038	Fresno	CA	—		3,652		29,113		21,935		3,652		51,048		54,700		(23,741)		1984	2006
436	Murrieta	CA	—		400		9,266		2,855		608		11,913		12,521		(7,909)		1991	1999
239	Poway	CA	—		2,700		10,839		3,172		2,944		13,767		16,711		(8,922)		1990	1997
2654	Riverside	CA	—		2,758		9,908		529		2,266		10,929		13,195		(2,233)		2008	2017
318	Sacramento	CA	—		2,860		37,566		24,613		2,911		62,128		65,039		(26,629)		1989/2016	1998
2404	Sacramento	CA	—		1,268		5,109		1,652		1,299		6,730		8,029		(2,581)		1999	2015
421	San Diego	CA	—		2,910		19,984		15,146		2,964		35,076		38,040		(17,632)		1986/2013	1999
564	San Jose	CA	—		1,935		1,728		2,213		1,935		3,941		5,876		(1,596)		1968	2003
565	San Jose	CA	—		1,460		7,672		2,175		1,492		9,815		11,307		(4,641)		1995	2003
659	Los Gatos	CA	—		1,718		3,124		1,515		1,796		4,561		6,357		(2,028)		1995	2006
439	Valencia	CA	—		2,300		6,967		3,080		2,314		10,033		12,347		(6,726)		1990	1999
440	West Hills	CA	—		2,100		11,595		11,851		2,203		23,343		25,546		(8,502)		1992/2023	1999
3008	West Hills	CA	12,093		5,795		13,933		2,897		5,823		16,802		22,625		(1,645)		1965	2021
728	Aurora	CO	—		—		8,764		1,620		—		10,384		10,384		(3,927)		2005	2005
1196	Aurora	CO	—		210		12,362		6,172		210		18,534		18,744		(7,855)		1981/2018	2006
1197	Aurora	CO	—		200		8,414		5,673		285		14,002		14,287		(6,527)		1994/2018	2006
127	Colorado Springs	CO	—		690		8,338		367		690		8,705		9,395		(6,071)		1990	1989
882	Colorado Springs	CO	—		—		12,933		9,106		—		22,039		22,039		(10,586)		2007	2006
1199	Denver	CO	—		493		7,897		1,789		604		9,575		10,179		(5,226)		1993	2006
808	Englewood	CO	—		—		8,616		8,886		—		17,502		17,502		(9,595)		1981	2005
809	Englewood	CO	—		—		8,449		19,042		—		27,491		27,491		(6,442)		1990	2005
810	Englewood	CO	—		—		8,040		15,564		—		23,604		23,604		(9,606)		1989	2005
811	Englewood	CO	—		—		8,472		11,904		—		20,376		20,376		(7,895)		1993/2020	2005
2658	Highlands Ranch	CO	—		1,637		10,063		95		1,732		10,063		11,795		(2,334)		2015	2017
812	Littleton	CO	—		—		4,562		2,775		177		7,160		7,337		(3,465)		1987	2005
813	Littleton	CO	—		—		4,926		2,072		246		6,752		6,998		(3,092)		1990	2005
570	Lone Tree	CO	—		—		—		22,171		—		22,171		22,171		(10,271)		2004	2003
666	Lone Tree	CO	—		—		23,274		3,843		17		27,100		27,117		(12,486)		2003	2006
2233	Lone Tree	CO	—		—		6,734		34,696		—		41,430		41,430		(11,074)		2015	2014
2965	Aurora	CO	—		—		—		2,251		—		2,251		2,251		—		—	2023
3000	Lone Tree	CO	—		4,393		31,643		9,516		4,552		41,000		45,552		(3,772)		2020	2021
510	Thornton	CO	—		236		10,206		13,728		455		23,715		24,170		(8,016)		2001/2021	2002
434	Atlantis	FL	—		—		2,027		171		—		2,198		2,198		(1,493)		1997	1999
435	Atlantis	FL	—		—		2,000		608		—		2,608		2,608		(1,568)		1997	1999
602	Atlantis	FL	—		455		2,231		744		455		2,975		3,430		(1,357)		1984	2006
2963	Brooksville	FL	—		—		—		11,558		—		11,558		11,558		(1,526)		2020	2019
604	Englewood	FL	—		170		1,134		1,021		197		2,128		2,325		(823)		1986	2006
2962	Orange Park	FL	—		—		—		17,657		—		17,657		17,657		(1,571)		2022	2019
609	Kissimmee	FL	—		788		174		1,135		788		1,309		2,097		(655)		1978	2006
610	Kissimmee	FL	—		481		347		258		488		598		1,086		(336)		1978	2006
671	Kissimmee	FL	—		—		7,574		818		—		8,392		8,392		(3,727)		1998	2006
603	Lake Worth	FL	—		1,507		2,894		534		1,507		3,428		4,935		(1,459)		1997	2006
612	Margate	FL	—		1,553		6,898		2,984		1,553		9,882		11,435		(4,880)		1994	2006
613	Miami	FL	—		4,392		11,841		11,366		4,454		23,145		27,599		(8,513)		1995/2020	2006
2202	Miami	FL	—		—		13,123		10,907		—		24,030		24,030		(10,231)		1973	2014
2203	Miami	FL	—		—		8,877		4,890		—		13,767		13,767		(5,359)		1986	2014
1067	Milton	FL	—		—		8,566		1,662		—		10,228		10,228		(4,057)		2003	2006
2577	Naples	FL	—		—		29,186		1,805		—		30,991		30,991		(6,953)		1999	2016
2578	Naples	FL	—		—		18,819		667		—		19,486		19,486		(3,709)		2007	2016
2964	Okeechobee	FL	—		—		—		16,951		—		16,951		16,951		(1,266)		2022	2019
563	Orlando	FL	—		2,144		5,136		13,507		12,022		8,765		20,787		(6,599)		1985	2003
833	Pace	FL	—		—		10,309		1,628		28		11,909		11,937		(4,541)		2005	2006
834	Pensacola	FL	—		—		11,166		428		—		11,594		11,594		(4,506)		2005	2006
673	Plantation	FL	—		1,091		7,176		2,623		1,091		9,799		10,890		(4,461)		2001	2006
674	Plantation	FL	—		—		8,273		1,560		—		9,833		9,833		(1,042)		2015	2021
2579	Punta Gorda	FL	—		—		9,379		—		—		9,379		9,379		(1,957)		2006	2016

			Encumbrances at December 31, 2023	Initial Cost to Company		Costs Capitalized Subsequent to Acquisition(3)	Gross Amount at Which Carried As of December 31, 2023			Accumulated Depreciation(5)	Year Constructed(6)	Year Acquired
	City	State		Land and improvements(1)	Buildings and Improvements(2)		Land and improvements	Buildings and Improvements	Total(4)
2833	St. Petersburg	FL	—	—	13,754	10,299	—	24,053	24,053	(9,609)	1995/2019	2006
887	Atlanta	GA	—	4,300	13,690	(1,800)	4,300	11,890	16,190	(10,007)	1966/1996	2007
3214	Savannah	GA	—	—	—	10,178	—	10,178	10,178	—	—	2022
2576	Statesboro	GA	—	—	10,234	1,430	—	11,664	11,664	(2,973)	1999	2016
3006	Arlington Heights	IL	4,861	3,011	9,651	1,857	3,187	11,332	14,519	(1,299)	1975/2013	2021
2702	Bolingbrook	IL	—	—	21,237	3,884	—	25,121	25,121	(3,025)	2008	2020
3004	Highland Park	IL	5,853	2,767	11,495	572	2,767	12,067	14,834	(1,226)	2008	2021
3005	Lockport	IL	11,011	3,106	22,645	—	3,106	22,645	25,751	(2,256)	2010	2021
1065	Marion	IL	—	99	11,538	2,005	100	13,542	13,642	(5,978)	2002	2006
2719	Marion	IL	—	—	—	5,098	—	5,098	5,098	(452)	2021	2021
2697	Indianapolis	IN	—	—	59,746	954	—	60,700	60,700	(5,797)	2002	2020
2699	Indianapolis	IN	—	—	23,211	737	—	23,948	23,948	(2,364)	2002	2020
2698	Mooresville	IN	—	—	20,646	922	—	21,568	21,568	(2,080)	2004	2020
1057	Newburgh	IN	—	—	14,019	4,149	—	18,168	18,168	(8,511)	2005	2006
2700	Zionsville	IN	—	2,969	7,281	804	3,040	8,014	11,054	(1,204)	2005	2020
2039	Kansas City	KS	—	440	2,173	390	440	2,563	3,003	(740)	2006	2012
112	Overland Park	KS	—	2,316	10,681	116	2,316	10,797	13,113	(8,176)	1989	1988
2043	Overland Park	KS	—	—	7,668	2,000	—	9,668	9,668	(2,732)	2009	2012
3062	Overland Park	KS	—	872	11,813	59	992	11,752	12,744	(2,570)	2007	2019
483	Wichita	KS	—	530	3,341	437	605	3,703	4,308	(1,738)	2000	2001
3018	Wichita	KS	—	3,946	39,795	—	3,946	39,795	43,741	(3,933)	1973/2017	2021
1064	Lexington	KY	—	—	12,726	2,213	—	14,939	14,939	(6,642)	2003	2006
735	Louisville	KY	—	936	8,426	13,840	661	22,541	23,202	(12,657)	1971/2019	2005
737	Louisville	KY	—	835	27,627	7,477	560	35,379	35,939	(16,906)	2002	2005
738	Louisville	KY	—	780	8,582	4,544	585	13,321	13,906	(10,521)	1978	2005
739	Louisville	KY	—	826	13,814	3,542	602	17,580	18,182	(7,444)	2003	2005
2834	Louisville	KY	—	2,983	13,171	5,433	2,983	18,604	21,587	(10,498)	1990	2005
1945	Louisville	KY	—	3,255	28,644	2,678	3,365	31,212	34,577	(13,208)	2009	2010
1946	Louisville	KY	—	430	6,125	230	430	6,355	6,785	(2,769)	2002	2010
2237	Louisville	KY	—	1,519	15,386	7,130	1,672	22,363	24,035	(8,330)	1991	2014
2238	Louisville	KY	—	1,334	12,172	3,049	1,558	14,997	16,555	(5,429)	1996	2014
2239	Louisville	KY	—	1,644	10,832	9,879	2,043	20,312	22,355	(7,588)	1988	2014
3023	Covington	LA	—	9,490	21,918	128	9,507	22,029	31,536	(2,254)	2014	2021
3121	Cambridge	MA	—	40,663	23,102	—	40,663	23,102	63,765	(1,776)	1983	2021
1213	Ellicott City	MD	—	1,115	3,206	3,013	1,357	5,977	7,334	(2,657)	1988	2006
1052	Towson	MD	—	—	14,233	1,231	—	15,464	15,464	(6,004)	2005	2006
2650	Biddeford	ME	—	1,341	17,376	388	1,341	17,764	19,105	(4,251)	2007	2017
3002	Burnsville	MN	7,737	2,801	17,779	1,151	2,861	18,870	21,731	(3,424)	1988	2021
3003	Burnsville	MN	5,158	516	13,200	462	533	13,645	14,178	(2,225)	1992	2021
3009	Burnsville	MN	19,046	4,640	38,064	333	4,664	38,373	43,037	(3,990)	2007	2021
240	Minneapolis	MN	—	117	13,213	5,337	117	18,550	18,667	(11,776)	1986	1997
300	Minneapolis	MN	—	160	10,131	5,086	214	15,163	15,377	(9,547)	1987	1998
2703	Columbia	MO	—	4,141	20,364	—	4,141	20,364	24,505	(2,696)	1997	2020
2032	Independence	MO	—	—	48,025	1,872	—	49,897	49,897	(12,858)	2006	2012
2863	Lee's Summit	MO	—	—	—	16,470	—	16,470	16,470	(2,633)	2020	2019
1078	Flowood	MS	—	—	8,413	1,472	—	9,885	9,885	(4,097)	2003	2006
1059	Jackson	MS	—	—	8,868	668	—	9,536	9,536	(4,090)	2002	2006
1060	Jackson	MS	—	—	7,187	2,038	—	9,225	9,225	(3,797)	2005	2006
1068	Omaha	NE	—	—	16,243	2,667	24	18,886	18,910	(8,250)	2005	2006
2651	Charlotte	NC	—	1,032	6,196	253	1,032	6,449	7,481	(1,252)	2007	2017
2695	Charlotte	NC	—	844	5,021	266	844	5,287	6,131	(960)	2007	2017
2655	Wilmington	NC	—	1,949	12,244	—	1,949	12,244	14,193	(2,749)	2003	2017
2656	Wilmington	NC	—	2,071	11,592	—	2,071	11,592	13,663	(2,575)	2006	2017
2657	Shallotte	NC	—	918	3,609	—	918	3,609	4,527	(1,106)	2017	2017
2647	Concord	NH	—	1,961	23,516	(614)	1,032	23,831	24,863	(3,577)	2004	2017
2648	Concord	NH	—	815	8,902	172	408	9,481	9,889	(2,073)	2008	2017
2649	Epsom	NH	—	919	5,868	(513)	304	5,970	6,274	(1,174)	2010	2017
3011	Cherry Hill	NJ	—	5,235	21,731	—	5,235	21,731	26,966	(2,695)	2014	2021
3012	Morristown	NJ	—	21,703	32,517	5,472	21,703	37,989	59,692	(4,413)	1983/2013	2021
3013	Morristown	NJ	—	14,567	20,548	8,647	14,567	29,195	43,762	(2,439)	1990	2021
3014	Morristown	NJ	—	20,563	31,849	1,721	20,563	33,570	54,133	(2,591)	1981	2021
729	Albuquerque	NM	—	—	5,380	1,944	—	7,324	7,324	(2,828)	2006	2005
571	Las Vegas	NV	—	—	—	23,267	—	23,267	23,267	(9,353)	2004	2003
660	Las Vegas	NV	—	1,121	4,363	9,560	1,147	13,897	15,044	(4,967)	1973	2006
661	Las Vegas	NV	—	2,305	—	1,371	3,676	—	3,676	—	—	2006
662	Las Vegas	NV	—	1,000	—	—	1,000	—	1,000	—	—	2006
663	Las Vegas	NV	—	1,717	3,597	12,799	1,724	16,389	18,113	(6,718)	1974/2018	2006
664	Las Vegas	NV	—	1,172	—	633	1,805	—	1,805	(433)	—	2006
691	Las Vegas	NV	—	3,073	18,339	8,001	3,116	26,297	29,413	(16,290)	1989/2015	2004
2037	Mesquite	NV	—	—	5,559	988	34	6,513	6,547	(2,148)	2004	2012
400	Harrison	OH	—	—	4,561	366	—	4,927	4,927	(3,149)	1995	1999
1054	Durant	OK	—	619	9,256	3,111	666	12,320	12,986	(5,294)	1998	2006
817	Owasso	OK	—	—	6,582	(443)	—	6,139	6,139	(2,789)	2006	2005
404	Roseburg	OR	—	—	5,707	895	—	6,602	6,602	(3,892)	1999	1999
3010	Springfield	OR	20,732	—	51,998	416	—	52,414	52,414	(5,426)	2011	2021
2570	Limerick	PA	—	925	20,072	(119)	755	20,123	20,878	(5,075)	1999	2016

			Encumbrances at December 31, 2023	Initial Cost to Company		Costs Capitalized Subsequent to Acquisition(3)	Gross Amount at Which Carried As of December 31, 2023			Accumulated Depreciation(5)	Year Constructed(6)	Year Acquired
	City	State		Land and improvements(1)	Buildings and Improvements(2)		Land and improvements	Buildings and Improvements	Total(4)
2234	Philadelphia	PA	—	24,264	99,904	50,137	24,288	150,017	174,305	(43,316)	1973/2019	2014
2403	Philadelphia	PA	—	26,063	97,646	39,404	26,134	136,979	163,113	(49,725)	2000	2015
2571	Wilkes-Barre	PA	—	—	9,138	—	—	9,138	9,138	(2,550)	2001	2016
2694	Anderson	SC	—	405	1,211	—	405	1,211	1,616	(352)	2012	2020
2573	Florence	SC	—	—	12,090	90	—	12,180	12,180	(2,712)	1998	2016
2574	Florence	SC	—	—	12,190	87	—	12,277	12,277	(2,729)	1998	2016
2575	Florence	SC	—	—	11,243	56	—	11,299	11,299	(3,076)	1995	2016
2841	Greenville	SC	—	634	38,386	1,277	13	40,284	40,297	(9,241)	1991	2018
2842	Greenville	SC	—	794	41,293	211	—	42,298	42,298	(9,320)	1999	2018
2843	Greenville	SC	—	626	22,210	(368)	—	22,468	22,468	(5,258)	1996	2018
2844	Greenville	SC	—	806	18,889	259	—	19,954	19,954	(4,349)	1998	2018
2845	Greenville	SC	—	932	40,879	(3,557)	—	38,254	38,254	(5,148)	2005	2018
2846	Greenville	SC	—	896	38,486	205	—	39,587	39,587	(8,339)	2007	2018
2847	Greenville	SC	—	600	26,472	4,750	—	31,822	31,822	(8,164)	1996	2018
2850	Greenville	SC	—	211	6,503	153	211	6,656	6,867	(1,920)	2008	2018
2853	Greenville	SC	—	534	6,430	(1,388)	—	5,576	5,576	(1,038)	1998	2018
2854	Greenville	SC	—	824	13,645	(512)	—	13,957	13,957	(3,785)	1992	2018
2848	Greer	SC	—	318	5,816	97	318	5,913	6,231	(1,512)	2008	2018
2849	Greer	SC	—	319	5,836	(777)	—	5,378	5,378	(734)	2008	2018
2851	Travelers Rest	SC	—	498	1,015	3	299	1,217	1,516	(611)	1998	2018
2862	Myrtle Beach	SC	—	—	—	28,496	—	28,496	28,496	(6,051)	2019	2018
2865	Brentwood	TN	—	—	—	35,219	52	35,167	35,219	(3,870)	2020	2019
624	Hendersonville	TN	—	256	1,530	2,383	256	3,913	4,169	(1,991)	1985	2006
559	Hermitage	TN	—	830	5,036	13,157	837	18,186	19,023	(6,882)	1999/2019	2003
561	Hermitage	TN	—	596	9,698	4,262	596	13,960	14,556	(7,331)	1993	2003
562	Hermitage	TN	—	317	6,528	2,979	317	9,507	9,824	(4,491)	1994	2003
625	Nashville	TN	—	955	14,289	7,675	955	21,964	22,919	(9,756)	2000	2006
626	Nashville	TN	—	2,050	5,211	5,198	2,050	10,409	12,459	(3,987)	1987	2006
627	Nashville	TN	—	1,007	181	986	1,113	1,061	2,174	(555)	1975	2006
628	Nashville	TN	—	2,980	7,164	3,046	2,980	10,210	13,190	(4,235)	1988	2006
630	Nashville	TN	—	515	848	339	515	1,187	1,702	(536)	1975	2006
631	Nashville	TN	—	266	1,305	1,266	266	2,571	2,837	(1,450)	1980	2006
632	Nashville	TN	—	827	7,642	3,034	827	10,676	11,503	(5,283)	1988	2006
633	Nashville	TN	—	5,425	12,577	5,720	5,425	18,297	23,722	(8,059)	1971	2006
634	Nashville	TN	—	3,818	15,185	12,266	3,818	27,451	31,269	(11,240)	1992	2006
636	Nashville	TN	—	583	450	424	604	853	1,457	(372)	1974	2006
2967	Nashville	TN	—	—	—	52,503	—	52,503	52,503	(4,519)	2021	2019
2720	Nashville	TN	—	102	10,925	1,058	102	11,983	12,085	(2,038)	1986	2021
2611	Allen	TX	—	1,330	5,960	1,245	1,374	7,161	8,535	(1,868)	2004	2016
2612	Allen	TX	—	1,310	4,165	1,516	1,310	5,681	6,991	(1,540)	2005	2016
573	Arlington	TX	—	769	12,355	26,097	769	38,452	39,221	(8,657)	1995	2006
2621	Cedar Park	TX	—	1,617	11,640	950	1,617	12,590	14,207	(2,144)	2007	2017
576	Conroe	TX	—	324	4,842	4,171	324	9,013	9,337	(3,998)	1983	2006
577	Conroe	TX	—	397	7,966	2,981	397	10,947	11,344	(4,740)	1995	2006
578	Conroe	TX	—	388	7,975	2,576	388	10,551	10,939	(4,587)	1997/2012	2006
579	Conroe	TX	—	188	3,618	1,045	188	4,663	4,851	(2,423)	1995	2006
581	Corpus Christi	TX	—	717	8,181	4,253	717	12,434	13,151	(5,699)	1995	2006
600	Corpus Christi	TX	—	328	3,210	1,913	328	5,123	5,451	(2,851)	1995	2006
601	Corpus Christi	TX	—	313	1,771	2,014	325	3,773	4,098	(1,886)	1985	2006
2839	Cypress	TX	—	—	—	37,639	11	37,628	37,639	(12,404)	2016	2015
582	Dallas	TX	—	1,664	6,785	4,342	1,718	11,073	12,791	(5,040)	1979	2006
1314	Dallas	TX	—	15,230	162,970	29,075	23,630	183,645	207,275	(88,337)	1974	2007
1315	Dallas	TX	—	—	—	4,083	17	4,066	4,083	(1,663)	1978	2007
1316	Dallas	TX	—	—	—	9,691	64	9,627	9,691	(1,720)	1985	2007
1317	Dallas	TX	—	—	—	12,061	166	11,895	12,061	(2,256)	1995	2007
1319	Dallas	TX	—	18,840	155,659	6,539	18,840	162,198	181,038	(76,716)	1974	2007
2721	Dallas	TX	—	31,707	2,000	347	31,707	2,347	34,054	(1,998)	1983	2020
3007	Denton	TX	5,654	2,298	9,502	97	2,338	9,559	11,897	(1,298)	2014	2021
3020	Frisco	TX	—	—	27,201	1,214	—	28,415	28,415	(2,394)	2004	2021
3021	Frisco	TX	—	—	26,181	2,186	—	28,367	28,367	(2,700)	2004	2021
583	Fort Worth	TX	—	898	4,866	4,115	898	8,981	9,879	(4,168)	1995	2006
805	Fort Worth	TX	—	—	2,481	1,316	45	3,752	3,797	(2,458)	1985	2005
806	Fort Worth	TX	—	—	6,070	1,206	5	7,271	7,276	(3,310)	1985	2005
2619	Fort Worth	TX	—	1,180	13,432	1,910	1,180	15,342	16,522	(2,149)	2006	2017
2620	Fort Worth	TX	—	1,961	14,155	1,521	2,000	15,637	17,637	(2,272)	2005	2017
2982	Fort Worth	TX	—	2,720	6,225	5,959	2,719	12,185	14,904	(3,194)	2020	2019
1061	Granbury	TX	—	—	6,863	1,321	—	8,184	8,184	(3,667)	2001	2006
430	Houston	TX	—	1,927	33,140	20,350	2,388	53,029	55,417	(31,358)	1985/2018	1999
446	Houston	TX	—	2,200	19,585	13,593	2,936	32,442	35,378	(23,431)	1976/2018	1999
589	Houston	TX	—	1,676	12,602	15,520	1,676	28,122	29,798	(8,121)	1985/2022	2006
702	Houston	TX	—	—	7,414	2,570	—	9,984	9,984	(4,628)	2006	2006
1044	Houston	TX	—	—	4,838	6,971	1,321	10,488	11,809	(3,602)	2006	2006
2542	Houston	TX	—	304	17,764	(304)	—	17,764	17,764	(4,314)	1990	2015
2543	Houston	TX	—	116	6,555	(116)	—	6,555	6,555	(1,857)	1970	2015
2544	Houston	TX	—	312	12,094	(312)	—	12,094	12,094	(3,427)	1987	2015
2545	Houston	TX	—	316	13,931	(300)	—	13,947	13,947	(2,960)	2005	2015

			Encumbrances at December 31, 2023		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition(3)		Gross Amount at Which Carried As of December 31, 2023						Accumulated Depreciation(5)		Year Constructed(6)	Year Acquired
	City	State			Land and improvements(1)		Buildings and Improvements(2)				Land and improvements		Buildings and Improvements		Total(4)
2546	Houston	TX	—		408		18,332		740		—		19,480		19,480		(6,233)		1977	2015
2547	Houston	TX	—		470		18,197		(250)		—		18,417		18,417		(5,156)		1985	2015
2548	Houston	TX	—		313		7,036		(140)		—		7,209		7,209		(2,392)		1979	2015
2549	Houston	TX	—		530		22,711		68		530		22,779		23,309		(4,740)		2006	2015
2966	Houston	TX	—		—		—		39,448		—		39,448		39,448		(2,576)		2022	2020
590	Irving	TX	—		828		6,160		5,455		828		11,615		12,443		(4,835)		1997	2006
700	Irving	TX	—		—		8,550		3,091		8		11,633		11,641		(5,109)		2004	2006
1207	Irving	TX	—		1,955		12,793		4,699		2,032		17,415		19,447		(6,471)		2001	2006
2840	Kingwood	TX	—		3,035		28,373		464		3,422		28,450		31,872		(6,005)		2003	2016
591	Lewisville	TX	—		561		8,043		1,102		561		9,145		9,706		(4,487)		1976	2006
144	Longview	TX	—		102		7,998		988		102		8,986		9,088		(5,735)		1993	1992
143	Lufkin	TX	—		338		2,383		219		338		2,602		2,940		(1,648)		1993	1992
568	McKinney	TX	—		541		6,217		3,371		541		9,588		10,129		(4,892)		1999	2003
569	McKinney	TX	—		—		636		8,319		—		8,955		8,955		(4,506)		2004	2003
3216	McKinney	TX	—		—		—		1,415		—		1,415		1,415		—		—	2023
596	North Richland Hills	TX	—		812		8,883		4,524		812		13,407		14,219		(5,619)		1999	2006
2048	North Richland Hills	TX	—		1,385		10,213		1,849		1,400		12,047		13,447		(5,367)		2007	2012
2835	Pearland	TX	—		—		4,014		4,238		29		8,223		8,252		(3,217)		2006	2006
2838	Pearland	TX	—		—		—		18,363		—		18,363		18,363		(5,422)		2015	2014
597	Plano	TX	—		1,210		9,588		7,506		1,225		17,079		18,304		(6,930)		1997	2006
672	Plano	TX	—		1,389		12,768		3,922		1,389		16,690		18,079		(6,958)		2004	2006
1384	Plano	TX	—		6,290		22,686		7,966		6,290		30,652		36,942		(24,603)		1997	2007
2653	Rockwall	TX	—		788		9,020		2		788		9,022		9,810		(1,847)		2015	2017
815	San Antonio	TX	—		—		9,193		3,285		75		12,403		12,478		(5,948)		1997	2006
816	San Antonio	TX	1,552		—		8,699		13,192		175		21,716		21,891		(6,649)		1992/2022	2006
2837	San Antonio	TX	—		—		26,191		4,115		—		30,306		30,306		(12,352)		2006	2011
2852	Shenandoah	TX	—		—		—		29,980		—		29,980		29,980		(8,235)		2017	2016
598	Sugar Land	TX	—		1,078		5,158		3,261		1,164		8,333		9,497		(3,579)		1982	2006
599	Texas City	TX	—		—		9,519		1,971		—		11,490		11,490		(4,972)		2003	2006
152	Victoria	TX	—		125		8,977		535		125		9,512		9,637		(5,842)		1994	1992
2198	Webster	TX	—		2,220		9,602		142		2,220		9,744		11,964		(3,920)		1991	2013
3024	Webster	TX	—		3,196		12,911		(28)		3,212		12,867		16,079		(892)		2007	2022
3025	Webster	TX	—		3,209		23,782		114		3,225		23,880		27,105		(1,571)		2007	2022
2550	The Woodlands	TX	—		115		5,141		(115)		—		5,141		5,141		(1,249)		1984	2015
2551	The Woodlands	TX	—		296		18,282		(296)		—		18,282		18,282		(3,885)		1997	2015
2552	The Woodlands	TX	—		374		25,125		(374)		—		25,125		25,125		(4,746)		2004	2015
3215	Wylie	TX	—		874		4,122		(64)		874		4,058		4,932		(180)		2005	2007
1592	Bountiful	UT	—		999		7,426		1,963		1,019		9,369		10,388		(3,953)		2005	2010
169	Bountiful	UT	—		276		5,237		4,602		599		9,516		10,115		(4,262)		1995	1994
2035	Draper	UT	3,952		—		10,803		561		—		11,364		11,364		(2,826)		2010	2012
469	Kaysville	UT	—		530		4,493		426		530		4,919		5,449		(2,245)		2001	2001
456	Layton	UT	—		371		7,073		2,191		401		9,234		9,635		(5,132)		1998	2001
2042	Layton	UT	—		—		10,975		1,831		44		12,762		12,806		(3,379)		2006	2012
2864	Washington Terrace	UT	—		—		—		19,898		—		19,898		19,898		(3,091)		2020	2019
357	Orem	UT	—		337		8,744		1,177		306		9,952		10,258		(6,286)		1998	1999
353	Salt Lake City	UT	—		190		779		238		273		934		1,207		(628)		1991	1999
354	Salt Lake City	UT	—		220		10,732		4,186		220		14,918		15,138		(8,926)		1999	1999
355	Salt Lake City	UT	—		180		14,792		5,141		180		19,933		20,113		(11,708)		1993	1999
467	Salt Lake City	UT	—		3,000		7,541		2,459		3,019		9,981		13,000		(5,598)		1998	2001
566	Salt Lake City	UT	—		509		4,044		3,763		509		7,807		8,316		(3,555)		1974	2003
2041	Salt Lake City	UT	—		—		12,326		877		—		13,203		13,203		(3,406)		2007	2012
2033	Sandy	UT	—		867		3,513		2,919		1,356		5,943		7,299		(3,380)		1989	2012
351	Washington Terrace	UT	—		—		4,573		1,317		17		5,873		5,890		(3,724)		1989	1999
352	Washington Terrace	UT	—		—		2,692		641		15		3,318		3,333		(2,231)		1990	1999
2034	West Jordan	UT	—		—		12,021		(177)		—		11,844		11,844		(3,016)		2006	2012
2036	West Jordan	UT	—		—		1,383		1,328		—		2,711		2,711		(1,655)		1982	2012
1208	Fairfax	VA	—		8,396		16,710		12,121		8,781		28,446		37,227		(15,291)		1974/2018	2006
2230	Fredericksburg	VA	—		1,101		8,570		156		1,113		8,714		9,827		(2,308)		2008	2014
3001	Leesburg	VA	10,217		3,549		24,059		4,826		3,549		28,885		32,434		(3,912)		2010	2021
3015	Midlothian	VA	12,688		—		21,442		10		59		21,393		21,452		(1,653)		2012	2021
3016	Midlothian	VA	11,994		—		20,610		(137)		32		20,441		20,473		(1,766)		2013	2021
3017	Midlothian	VA	13,878		—		22,531		176		—		22,707		22,707		(2,846)		2014	2021
572	Reston	VA	—		—		11,902		(864)		—		11,038		11,038		(5,515)		2004	2003
448	Renton	WA	—		—		18,724		3,750		—		22,474		22,474		(13,933)		1993	1999
781	Seattle	WA	—		—		52,703		10,129		—		62,832		62,832		(31,470)		1994	2004
782	Seattle	WA	—		—		24,382		22,413		104		46,691		46,795		(16,953)		1990/2022	2004
783	Seattle	WA	—		—		5,625		1,607		211		7,021		7,232		(6,247)		1984	2004
785	Seattle	WA	—		—		7,293		1,475		—		8,768		8,768		(5,205)		1982	2004
1385	Seattle	WA	—		—		45,027		17,489		—		62,516		62,516		(26,972)		1986/2019	2007
3022	Seattle	WA	—		35,624		4,176		1		35,625		4,176		39,801		(1,898)		1963/2012	2021
2038	Evanston	WY	—		—		4,601		1,204		—		5,805		5,805		(1,953)		2002	2012
			$	146,426	$	529,287	$	3,887,576	$	1,467,286	$	546,448	$	5,337,701	$	5,884,149	$	(1,796,189)

			Encumbrances at December 31, 2023		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition(3)		Gross Amount at Which Carried As of December 31, 2023						Accumulated Depreciation(5)		Year Constructed(6)	Year Acquired
	City	State			Land and improvements(1)		Buildings and Improvements(2)				Land and improvements		Buildings and Improvements		Total(4)
Continuing care retirement community
3089	Birmingham	AL	$	—	$	6,193	$	32,146	$	6,411	$	6,670	$	38,080	$	44,750	$	(7,612)	1991	2020
3090	Bradenton	FL	—		5,496		95,671		27,694		6,228		122,633		128,861		(21,444)		1985	2020
2997	Clearwater	FL	66,436		6,680		132,521		20,619		7,195		152,625		159,820		(21,252)		1991	2020
3086	Jacksonville	FL	—		19,660		167,860		22,367		21,042		188,845		209,887		(29,940)		1989	2020
2996	Leesburg	FL	—		8,941		65,698		16,620		9,779		81,480		91,259		(14,936)		1990	2020
2995	Port Charlotte	FL	—		5,344		159,612		16,205		6,008		175,153		181,161		(23,576)		1987	2020
2998	Seminole	FL	43,235		14,080		77,485		13,228		15,030		89,763		104,793		(11,367)		1990	2020
3085	Seminole	FL	—		13,915		125,796		16,519		14,698		141,532		156,230		(23,135)		1982	2020
3092	Sun City Center	FL	—		25,254		175,535		21,862		26,460		196,191		222,651		(36,004)		1992	2020
3087	The Villages	FL	—		7,091		120,493		16,363		7,331		136,616		143,947		(21,450)		2009	2020
3084	Holland	MI	—		1,572		88,960		10,401		1,898		99,035		100,933		(15,129)		1991	2020
2991	Coatesville	PA	—		16,443		126,243		17,270		17,064		142,892		159,956		(20,601)		1998	2020
3080	Haverford	PA	—		16,461		108,816		24,097		16,461		132,913		149,374		(52,714)		1989	2006
3088	Spring	TX	—		3,210		30,085		11,821		3,524		41,592		45,116		(5,695)		2008	2020
3081	Fort Belvoir	VA	—		11,594		99,528		19,948		11,594		119,476		131,070		(51,408)		1990	2006
			$	109,671	$	161,934	$	1,606,449	$	261,425	$	170,982	$	1,858,826	$	2,029,808	$	(356,263)
Total real estate assets held for sale			—		(9,125)		(10,213)		(103,849)		(9,154)		(114,033)		(123,187)		5,365
Total, excluding held for sale			$	256,097	$	2,618,324	$	8,722,627	$	5,279,363	$	2,647,633	$	13,972,681	$	16,620,314	$	(3,591,951)

_______________________________________

(1)Assets with no initial land costs to the Company represent land that the Company leases from a third party (i.e., ground leases).

(2)Assets with no initial buildings and improvements costs to the Company represent development projects in process or completed.

(3)Includes adjustments for disposals, casualty events, and costs capitalized subsequent to acquisition, net of incidental income, if applicable.

(4)At December 31, 2023, the tax basis of the Company’s net real estate assets is less than the reported amounts by $900 million.

(5)Buildings and improvements are depreciated over useful lives ranging up to approximately 50 years.

(6)Year of original construction/year of last major renovation, if applicable.

A summary of activity for real estate and accumulated depreciation, excluding assets classified as discontinued operations, is as follows (in thousands):

	Year ended December 31,
	2023		2022		2021
Real estate:
Balances at beginning of year	$	16,211,621	$	15,506,658	$	13,528,893
Acquisition of real estate and development and improvements	754,225		1,102,593		2,157,539
Sales and/or transfers to assets held for sale	(137,731)		(82,350)		(72,819)
Deconsolidation of real estate	—		(189,605)		—
Impairments	—		—		(21,294)
Other(1)	(207,801)		(125,675)		(85,661)
Balances at end of year	$	16,620,314	$	16,211,621	$	15,506,658
Accumulated depreciation:
Balances at beginning of year	$	3,188,138	$	2,839,229	$	2,409,135
Depreciation expense	609,461		575,125		548,063
Sales and/or transfers to assets held for sale	(12,711)		(30,428)		(32,692)
Deconsolidation of real estate	—		(89,766)		—
Other(1)	(192,937)		(106,022)		(85,277)
Balances at end of year	$	3,591,951	$	3,188,138	$	2,839,229

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(1)Primarily represents real estate and accumulated depreciation related to fully depreciated assets and reductions to net real estate due to casualty events.

A summary of activity for real estate and accumulated depreciation for assets classified as discontinued operations is as follows (in thousands):

	Year ended December 31,
	2023		2022		2021
Real estate:
Balances at beginning of year	$	—	$	—	$	2,930,566
Acquisition of real estate and development and improvements	—		—		8,238
Sales and/or transfers to assets classified as discontinued operations	—		—		(2,929,713)
Impairments	—		—		(5,315)
Other	—		—		(3,776)
Balances at end of year	$	—	$	—	$	—
Accumulated depreciation:
Balances at beginning of year	$	—	$	—	$	615,708
Sales and/or transfers to assets classified as discontinued operations	—		—		(615,708)
Balances at end of year	$	—	$	—	$	—