v3.25.2
Investments in Unconsolidated Joint Ventures (Statements of Operations of the Joint Ventures) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Schedule of Equity Method Investments [Line Items]        
Total revenue $ 868,457 $ 850,482 $ 1,733,672 $ 1,689,921
Expenses        
Transaction costs 357 189 1,125 702
Depreciation and amortization 223,819 219,542 443,926 438,258
Total expenses 612,223 599,253 1,229,024 1,192,965
Other income (expense)        
Loss from early extinguishment of debt 0 0 (338) 0
Interest expense (162,783) (149,642) (326,227) (311,533)
Net Income (Loss) 119,141 106,949 206,046 213,553
Income (loss) from unconsolidated joint ventures (3,324) (5,799) (5,463) 13,387
Unconsolidated Joint Ventures [Member]        
Schedule of Equity Method Investments [Line Items]        
Total revenue 125,432 [1] 120,152 [1] 256,119 250,546
Expenses        
Operating 55,190 46,453 108,919 95,649
Transaction costs 1 5 171 8
Depreciation and amortization 44,152 38,396 86,531 77,819
Total expenses 99,343 84,854 195,621 173,476
Other income (expense)        
Loss from early extinguishment of debt 0 0 (62) 0
Interest expense (45,103) (43,299) (89,535) (86,862)
Unrealized gain (loss) on derivative instruments (4,904) 848 (13,229) 10,960
Net Income (Loss) (23,918) (7,153) (42,328) 1,168
Company's share of net income (loss) (7,690) (2,744) (13,486) 214
Gain on sale / consolidation 0 0 0 21,696
Basis differential 4,366 [2] (3,055) [2] 8,023 (8,523)
Income (loss) from unconsolidated joint ventures (3,324) (5,799) (5,463) 13,387
Straight Line Rent Adjustments 4,500 6,200 7,900 13,800
Unconsolidated Joint Ventures [Member] | Basis Differential        
Expenses        
Depreciation and amortization (3,000) 3,000 (4,400) 5,900
Other income (expense)        
Unrealized gain (loss) on derivative instruments $ (1,300) $ 200 $ (3,500) $ 2,900
[1] Includes straight-line rent adjustments of approximately $4.5 million and $6.2 million for the three months ended June 30, 2025 and 2024, respectively, and approximately $7.9 million and $13.8 million for the six months ended June 30, 2025 and 2024, respectively.
[2] Includes depreciation and amortization of approximately $(3.0) million and $3.0 million for the three months ended June 30, 2025 and 2024, respectively, and approximately $(4.4) million and $5.9 million for the six months ended June 30, 2025 and 2024, respectively. Includes unrealized gain (loss) on derivative instruments of approximately $(1.3) million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively, and approximately $(3.5) million and $2.9 million for the six months ended June 30, 2025 and 2024, respectively.