| Schedule of Investments in Properties |
A summary of our Investments in properties, net is below (in thousands): | | | | | | | | Property Type | | As of September 30, 2026 | | | As of December 31, 2025 | Land | | $ | 1,343,430 | | | $ | 1,247,624 | Acquired ground lease | | | 94 | | | | 97 | Buildings and improvements | | | 32,055,762 | | | | 29,152,994 | Tenant improvements | | | 1,000,441 | | | | 958,583 | | | | 34,399,727 | | | | 31,359,298 | Accumulated depreciation and amortization | | | (11,150,810) | | | | (9,993,596) | Investments in operating properties, net | | | 23,248,917 | | | | 21,365,702 | Construction in progress and space held for development | | | 10,634,707 | | | | 4,976,785 | Land held for future development | | | 769,433 | | | | 91,130 | Investments in properties, net | | $ | 34,653,057 | | | $ | 26,433,617 |
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