v3.26.1
Assets and Liabilities Measured at Fair Value on a Recurring Basis - Schedule of Major Categories of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Real estate properties $ 16,023.0 $ 15,975.4
Real estate joint ventures 5,136.9 5,098.8
Real estate operating business 1,082.0 1,072.6
Marketable securities:    
Marketable securities excluding real estate-related 1,553.7 1,728.7
Loans receivable 564.3 690.4
Loans payable (809.8) (830.3)
Line of credit (160.0) (160.0)
Other unsecured debt    
Marketable securities:    
Other unsecured debt (1,553.9) (1,568.7)
U.S. government agency notes    
Marketable securities:    
Marketable securities excluding real estate-related 490.7 621.1
U.S treasury securities    
Marketable securities:    
Marketable securities excluding real estate-related 695.5 899.4
Reverse repurchase agreement    
Marketable securities:    
Marketable securities excluding real estate-related 367.5 208.2
Level 1: Quoted Prices in Active Markets for Identical Assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Real estate properties 0.0 0.0
Real estate joint ventures 0.0 0.0
Real estate operating business 0.0 0.0
Marketable securities:    
Loans receivable 0.0 0.0
Loans payable 0.0 0.0
Line of credit 0.0 0.0
Level 1: Quoted Prices in Active Markets for Identical Assets | Other unsecured debt    
Marketable securities:    
Other unsecured debt 0.0 0.0
Level 1: Quoted Prices in Active Markets for Identical Assets | U.S. government agency notes    
Marketable securities:    
Marketable securities excluding real estate-related 0.0 0.0
Level 1: Quoted Prices in Active Markets for Identical Assets | U.S treasury securities    
Marketable securities:    
Marketable securities excluding real estate-related 0.0 0.0
Level 1: Quoted Prices in Active Markets for Identical Assets | Reverse repurchase agreement    
Marketable securities:    
Marketable securities excluding real estate-related 0.0 0.0
Level 2: Significant Other Observable Inputs    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Real estate properties 0.0 0.0
Real estate joint ventures 0.0 0.0
Real estate operating business 0.0 0.0
Marketable securities:    
Loans receivable 0.0 0.0
Loans payable 0.0 0.0
Line of credit 0.0 0.0
Level 2: Significant Other Observable Inputs | Other unsecured debt    
Marketable securities:    
Other unsecured debt (1,553.9) (1,568.7)
Level 2: Significant Other Observable Inputs | U.S. government agency notes    
Marketable securities:    
Marketable securities excluding real estate-related 490.7 621.1
Level 2: Significant Other Observable Inputs | U.S treasury securities    
Marketable securities:    
Marketable securities excluding real estate-related 695.5 899.4
Level 2: Significant Other Observable Inputs | Reverse repurchase agreement    
Marketable securities:    
Marketable securities excluding real estate-related 367.5 208.2
Level 3: Significant Unobservable Inputs    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Real estate properties 16,023.0 15,975.4
Real estate joint ventures 5,136.9 5,098.8
Real estate operating business 1,082.0 1,072.6
Marketable securities:    
Loans receivable 564.3 690.4
Loans payable (809.8) (830.3)
Line of credit (160.0) (160.0)
Level 3: Significant Unobservable Inputs | Other unsecured debt    
Marketable securities:    
Other unsecured debt 0.0 0.0
Level 3: Significant Unobservable Inputs | U.S. government agency notes    
Marketable securities:    
Marketable securities excluding real estate-related 0.0 0.0
Level 3: Significant Unobservable Inputs | U.S treasury securities    
Marketable securities:    
Marketable securities excluding real estate-related 0.0 0.0
Level 3: Significant Unobservable Inputs | Reverse repurchase agreement    
Marketable securities:    
Marketable securities excluding real estate-related $ 0.0 $ 0.0