Quarterly report [Sections 13 or 15(d)]

Properties, Net

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Properties, Net
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Properties, Net Properties, Net
 
Operating properties, net consisted of the following (in thousands): 
September 30,
2025
December 31,
2024
Land $ 495,523  $ 495,707 
Buildings and improvements 4,521,621  4,395,063 
Less: Accumulated depreciation (1,644,472) (1,537,293)
Operating properties, net $ 3,372,672  $ 3,353,477