v3.26.1
Supplemental Cash Flow Information (Tables)
 6 Months Ended
Jun. 30, 2026
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Cash Flow Information
The following table provides supplemental cash flow information (in thousands):
Six Months Ended June 30,
20262025
Supplemental cash flow information:
Interest paid, net of capitalized interest$161,380 $128,958 
Income taxes paid (refunded), net4,397 2,053 
Capitalized interest39,869 41,704 
Supplemental schedule of non-cash investing and financing activities:
Accrued construction costs$111,587 $170,686 
Increase in ROU asset in exchange for new lease liability related to operating leases1,561 6,686 
Noncash lease consideration13,000 — 
Net noncash impact from the consolidation of properties previously held in an unconsolidated joint venture312,826 — 
Retained equity method investment from BX JV I and II transactions, net (see Note 7)43,378 — 
Accrued offering costs839 — 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table summarizes cash, cash equivalents, and restricted cash (in thousands):
Six Months Ended June 30,
20262025
Beginning of period:
Cash and cash equivalents$467,457 $119,818 
Restricted cash70,245 64,487 
Cash, cash equivalents, and restricted cash$537,702 $184,305 
End of period:
Cash and cash equivalents$1,626,827 $89,436 
Restricted cash91,858 73,843 
Cash, cash equivalents, and restricted cash$1,718,685 $163,279