v3.26.3
Supplemental Cash Flow Information (Tables)
 9 Months Ended
Sep. 30, 2026
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Cash Flow Information
The following table provides supplemental cash flow information (in thousands):
Nine Months Ended September 30,
20262025
Supplemental cash flow information:
Interest paid, net of capitalized interest$273,084 $219,686 
Income taxes paid (refunded), net5,208 2,089 
Capitalized interest57,715 63,541 
Supplemental schedule of non-cash investing and financing activities:
Accrued construction costs$144,906 $164,460 
Increase in ROU asset in exchange for new lease liability related to operating leases1,561 7,049 
Noncash lease consideration13,000 — 
Net noncash impact from the consolidation of properties previously held in an unconsolidated joint venture371,731 — 
Retained equity method investment from BX JV I and II transactions, net (see Note 7)43,378 — 
Accrued distributions to noncontrolling interests19,180 — 
Noncash noncontrolling interests issuance costs1,029 — 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table summarizes cash, cash equivalents, and restricted cash (in thousands):
Nine Months Ended September 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$514,310 $91,038 
Restricted cash91,512 68,694 
Cash, cash equivalents, and restricted cash$605,822 $159,732