v3.26.1
Variable Interest Entities - Summary of Restricted Assets and VIE Liabilities (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Property
Dec. 31, 2025
USD ($)
Property
Variable Interest Entity [Line Items]    
Real estate, net $ 16,656,682 $ 16,769,292
Cash, cash equivalents and restricted cash 169,603 212,794
Accounts and other receivables, net 370,076 368,964
Other assets 295,317 271,682
Total assets [1] 19,585,446 19,688,250
Mortgages payable, net 465,433 467,203
Accounts payable and accrued expenses 254,314 291,537
Intangible liabilities, net 318,549 334,527
Operating lease liabilities 120,339 120,078
Other liabilities 161,673 188,297
Total liabilities [1] $ 9,039,844 $ 9,120,372
Variable Interest Entity, Unencumbered [Member]    
Variable Interest Entity [Line Items]    
Number of consolidated VIEs | Property 22 23
Variable Interest Entity Encumbered By Third Party Non-Recourse Mortgage Debt [Member]    
Variable Interest Entity [Line Items]    
Number of consolidated VIEs | Property 2 3
Variable Interest Entity, Primary Beneficiary [Member]    
Variable Interest Entity [Line Items]    
Number of consolidated VIEs | Property 24 26
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]    
Variable Interest Entity [Line Items]    
Real estate, net $ 81,000 $ 347,800
Cash, cash equivalents and restricted cash 900 4,600
Accounts and other receivables, net 1,200 3,900
Other assets 1,500 1,900
Total assets 84,583 358,236
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]    
Variable Interest Entity [Line Items]    
Mortgages payable, net 17,200 83,600
Accounts payable and accrued expenses 10,500 9,800
Intangible liabilities, net 31,100 44,200
Operating lease liabilities 1,700 1,700
Other liabilities 7,100 13,700
Total liabilities $ 67,615 $ 153,044
[1] Total assets include restricted assets of consolidated variable interest entities (“VIEs”) at March 31, 2026 and December 31, 2025 of $84,583 and $358,236, respectively. Total liabilities include non-recourse liabilities of consolidated VIEs at March 31, 2026 and December 31, 2025 of $67,615 and $153,044, respectively. See Footnote 12 of the Notes to Condensed Consolidated Financial Statements.