XML 61 R46.htm IDEA: XBRL DOCUMENT v3.23.3
Co-investments - Combined Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]                
Rental properties and real estate under development $ 23,067   $ 23,067     $ 24,857    
Total assets 12,497,647   12,497,647     12,372,905    
Debt 6,761,240   6,761,240     6,450,639    
Other liabilities 45,972   45,972     43,441    
Equity 5,706,447 $ 5,881,197 5,706,447 $ 5,881,197 $ 5,762,005 5,895,116 $ 6,006,585 $ 6,176,508
Total liabilities and equity 12,497,647   12,497,647     12,372,905    
Equity Method Investment, Summarized Financial Information [Abstract]                
Property revenues 419,183 409,748 1,247,647 1,191,631        
Interest expense (54,161) (51,645) (157,806) (152,499)        
General and administrative (14,611) (15,172) (43,735) (40,541)        
Net income 93,009 98,700 360,359 238,765        
Related Party | Total co-investment                
Equity Method Investment, Summarized Financial Information [Abstract]                
Company's share of net income 2,000 1,800 5,900 5,400        
Equity Method Investment, Nonconsolidated Investee or Group of Investees                
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]                
Rental properties and real estate under development 5,099,914   5,099,914     4,955,051    
Other assets 286,663   286,663     294,663    
Total assets 5,386,577   5,386,577     5,249,714    
Debt 3,561,368   3,561,368     3,397,113    
Other liabilities 330,099   330,099     264,872    
Equity 1,495,110   1,495,110     1,587,729    
Total liabilities and equity 5,386,577   5,386,577     5,249,714    
Company's share of equity 1,082,829   1,082,829     $ 1,084,959    
Equity Method Investment, Summarized Financial Information [Abstract]                
Property revenues 103,379 94,791 303,926 272,967        
Property operating expenses (37,603) (36,950) (116,549) (102,252)        
Net operating income 65,776 57,841 187,377 170,715        
Interest expense (41,802) (27,507) (111,800) (67,588)        
General and administrative (1,635) (5,028) (13,171) (15,387)        
Depreciation and amortization (44,704) (42,200) (129,009) (120,388)        
Net income (22,365) (16,894) (66,603) (32,648)        
Company's share of net income $ 10,694 $ 10,985 $ 33,802 $ 23,756