Annual report pursuant to Section 13 and 15(d)

Properties, Net (Tables)

v3.24.0.1
Properties, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Real Estate [Abstract]  
Schedule of Operating Properties, Net
We depreciate our fixed assets using the straight-line method over their estimated useful lives as follows:
Estimated Useful Lives
Buildings and building improvements
10-40 years
Land improvements
10-20 years
Tenant improvements on operating properties Shorter of remaining useful lives of assets or related lease term
Equipment and personal property
3-10 years
Operating properties, net consisted of the following (in thousands): 
December 31,
2023 2022
Land $ 482,964  $ 539,809 
Buildings and improvements 4,164,004  3,986,524 
Less: Accumulated depreciation (1,400,162) (1,267,434)
Operating properties, net $ 3,246,806  $ 3,258,899 
Schedule of Disclosure of Long Lived Assets Held-for-sale The table below sets forth the components of the properties’ assets, which were classified as held for sale on our consolidated balance sheet as of December 31, 2022 (in thousands):
Properties, net $ 156,691 
Deferred rent receivable 4,595 
Assets held for sale, net $ 161,286 
Schedule of Disposal Groups, Including Discontinued Operations The table below sets forth the property’s results of operations included in discontinued operations on our consolidated statements of operations and its operating and investing cash flows included on our consolidated statements of cash flows (in thousands):
  For the Years Ended December 31,
  2022 2021
Revenues from real estate operations $ 1,980  $ 30,490 
Property operating expenses (971) (16,842)
Depreciation and amortization associated with real estate operations —  (10,290)
Gain on sale of real estate 28,564  — 
Discontinued operations $ 29,573  $ 3,358 
Cash flows from operating activities $ 5,757  $ 10,930 
Cash flows from investing activities $ 220,565  $ (1,912)