Real Estate (Tables)

6 Months Ended

Jun. 30, 2023

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Consolidated Real Estate

The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands):

	June 30,			December 31,
	2023			2022
Land	$	881,717		$	817,802
Buildings and improvements		2,997,760			2,987,594
Tenant improvements		239,305			216,899
Construction in progress		16,836			21,027
Right-of-use assets - finance leases (Note 11)		25,086			25,086
Total		4,160,704			4,068,408
Less: Accumulated depreciation and amortization		(774,128	)		(725,143	)
Operating real estate, net		3,386,576			3,343,265
Real estate under development		122,275			184,602
Net investments in real estate	$	3,508,851		$	3,527,867

Schedule Of Development In Process Activities

Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands):

	January 1, 2023				Six Months Ended June 30, 2023						June 30, 2023
	Number of Properties		Carrying Value		Transfers In		Capitalized Costs		Transfers Out		Number of Properties		Carrying Value
Core		2	$	54,817	$	—	$	4,280	$	—		2	$	59,097
Fund II		—		34,072		—		1,813		—		—		35,885
Fund III		1		25,798		—		1,494		—		1		27,293
Fund IV (a)		1		69,915		—		—		69,915		—		—
Total		4	$	184,602	$	—	$	7,587	$	69,915		3	$	122,275

a)Transfers out include $69.9 million related to one Fund IV property that was transferred out of development.

Disposal Group Held for sale Not Discontinued Operations

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Asset Held For Sale Property

Assets of the held for sale property consisted of the following:

	June 30,			December 31,
	2023			2022
Assets
Buildings and improvements	$	12,562		$	12,562
Land		3,380			3,380
Tenant improvements		1,010			1,010
Less: Accumulated depreciation and amortization		(5,895	)		(5,895	)
	$	11,057		$	11,057