v3.26.1
Investment in Real Estate (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Investment in Real Estate
The table below summarizes our investment in real estate:

(In thousands)June 30, 2026December 31, 2025
Land$1,209,016$1,199,291
Buildings and improvements(1)(2)
10,581,18910,343,113
Tenant improvements and lease intangibles1,128,3621,060,108
Property under development(1)(2)
269,678195,535
Investment in real estate, gross$13,188,245$12,798,047
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(1) Net balances transferred from Building and improvements to Property under development for development projects was $13.9 million during 2025. No balances were transferred during the first half of 2026.
(2) Property under development balances transferred to Building and improvements for real estate placed into service was $0.5 million and $9.6 million during 2026 and 2025, respectively.
Schedule Of Asset Acquisitions Purchase Price Allocation The table below summarizes the relative fair values of the assets acquired and liabilities assumed.
(In thousands)The Bedford Collection
Land$9,725 
Buildings and improvements229,963 
Tenant improvements and lease intangibles18,204 
Acquired above-market leases5,155 
Acquired below-market leases(5,849)
Other liabilities assumed(2,795)
Net assets and liabilities acquired$254,403 
The table below summarizes the adjusted relative purchase price allocation for the initial consolidation of the JV.
(In thousands)JV Consolidation
Land$4,286 
Buildings and improvements157,956 
Tenant improvements and lease intangibles7,861 
Acquired lease intangible assets and liabilities, net(602)
Interest rate contract assets6,459 
Secured note payable, net(112,995)
Other assets and liabilities, net23,501 
Net assets and liabilities consolidated$86,466 
The table below summarizes the relative fair values of the assets acquired and liabilities assumed.
(In thousands)10900 Wilshire
Land$9,029 
Buildings and improvements$80,865 
Tenant improvements and lease intangibles$4,035 
Acquired lease intangible assets and liabilities, net$1,074