v3.26.1
Real Estate Investments (Tables)
6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Real Estate Investments, Net
Real estate investments, net, represent investments in rental properties and the corporate headquarters building (excluding our investments in transactions accounted for as real estate loans and investment in leases, financing receivables and investment in leases, sales-type that are described in Notes 5 and 3, respectively) and is summarized as follows:
 
 
June 30,
2026
December 31,
2025
 (in thousands)
Land and improvements$4,027,443 $3,588,793 
Building and improvements7,748,205 7,353,409 
Construction in progress510,322 230,831 
Total real estate investments12,285,970 11,173,033 
Less accumulated depreciation(2,727,700)(2,698,772)
Real estate investments, net$9,558,270 $8,474,261