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REAL ESTATE INVESTMENTS
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
REAL ESTATE INVESTMENTS
3. REAL ESTATE INVESTMENTS
As of March 31, 2024 and December 31, 2023, the gross carrying value of the operating properties was as follows (in thousands):
March 31, 2024December 31, 2023
Land$394,628 $394,669 
Building and improvements2,677,619 2,671,024 
Tenant improvements477,427 476,539 
Total$3,549,674 $3,542,232