Real Estate (Tables)

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

Summary of Carrying Amounts of Investment in Real Estate

The following table summarizes the carrying amounts for the Company’s investment in real estate (at cost) as of March 31, 2023 and December 31, 2022 (amounts in thousands):

	March 31, 2023			December 31, 2022
Land	$	5,559,883		$	5,580,878
Depreciable property:
Buildings and improvements		19,444,618			19,471,503
Furniture, fixtures and equipment		2,388,137			2,352,050
In-Place lease intangibles		510,801			510,816
Projects under development:
Land		3,201			3,201
Construction-in-progress		129,140			109,739
Land held for development:
Land		46,160			46,160
Construction-in-progress		14,505			14,407
Investment in real estate		28,096,445			28,088,754
Accumulated depreciation		(9,207,194	)		(9,027,850	)
Investment in real estate, net	$	18,889,251		$	19,060,904

Disposed Properties to Unaffiliated Parties

During the quarter ended March 31, 2023, the Company disposed of the following to unaffiliated parties (sales price and net gain in thousands):

	Properties	Apartment Units	Sales Price	Net Gain
Rental Properties – Consolidated	7	247	$135,300	$100,209
Total	7	247	$135,300	$100,209