Properties, Net (Tables)

12 Months Ended

Dec. 31, 2023

Real Estate [Abstract]

Schedule of Operating Properties, Net

We depreciate our fixed assets using the straight-line method over their estimated useful lives as follows:

	Estimated Useful Lives
Buildings and building improvements	10-40 years
Land improvements	10-20 years
Tenant improvements on operating properties	Shorter of remaining useful lives of assets or related lease term
Equipment and personal property	3-10 years

Operating properties, net consisted of the following (in thousands): 

	December 31,
	2023		2022
Land	$	482,964	$	539,809
Buildings and improvements	4,164,004		3,986,524
Less: Accumulated depreciation	(1,400,162)		(1,267,434)
Operating properties, net	$	3,246,806	$	3,258,899

Schedule of Disclosure of Long Lived Assets Held-for-sale

The table below sets forth the components of the properties’ assets, which were classified as held for sale on our consolidated balance sheet as of December 31, 2022 (in thousands):

Properties, net	$	156,691
Deferred rent receivable	4,595
Assets held for sale, net	$	161,286

Schedule of Disposal Groups, Including Discontinued Operations

The table below sets forth the property’s results of operations included in discontinued operations on our consolidated statements of operations and its operating and investing cash flows included on our consolidated statements of cash flows (in thousands):

	For the Years Ended December 31,
	2022		2021
Revenues from real estate operations	$	1,980	$	30,490
Property operating expenses	(971)		(16,842)
Depreciation and amortization associated with real estate operations	—		(10,290)
Gain on sale of real estate	28,564		—
Discontinued operations	$	29,573	$	3,358
Cash flows from operating activities	$	5,757	$	10,930
Cash flows from investing activities	$	220,565	$	(1,912)