v3.26.1
REAL ESTATE INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Gross Carrying Value of Operating Properties
As of June 30, 2026 and December 31, 2025, the gross carrying value of the Properties, reflected in the line item “Operating properties” in the Company's consolidated balance sheets, was as follows (in thousands):
June 30, 2026December 31, 2025
Land$344,482 $337,459 
Building and improvements2,728,274 2,925,483 
Tenant improvements454,373 490,838 
Operating properties$3,527,129 $3,753,780 
Assets held for sale - real estate investments232,921 — 
Total$3,760,050 $3,753,780 
Schedule of Property Classified as Held for Sale
The following is a summary of the properties classified as held for sale as of June 30, 2026 (in thousands):
Held for Sale Property
June 30, 2026
ASSETS HELD FOR SALE
Real estate investments:
Operating properties$267,195 
Accumulated depreciation(67,732)
Right of use asset - operating leases5,243 
Operating real estate investments, net204,706 
Construction-in-progress69 
Total real estate investments, net204,775 
Deferred costs, net11,838 
Accrued Rent Receivable15,589 
Other Assets$719 
Total assets held for sale, net$232,921 
LIABILITIES HELD FOR SALE
Lessee Lease Obligation$6,775 
Total liabilities held for sale$6,775