Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.4
SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule Of Rental Property Improvements
Included in net investment in rental property as of December 31, 2022 and 2021 is real estate and building and tenant improvements not in service; as follows (dollars in thousands):
December 31,
2022
December 31,
2021
Land held for development (including pre-development costs, if any) (a)(b) $ 264,934  $ 341,496 
Development and construction in progress, including land (c) 205,173  694,768 
Total $ 470,107  $ 1,036,264 
(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $97.7 million and $150.9 million as of December 31, 2022 and December 31, 2021, respectively.
(b)Includes $73.2 million of land and $13.8 million of building and improvements classified as to assets held for sale at December 31, 2022.
(c)Includes land of $13.6 million and $68.8 million as of December 31, 2022 and December 31, 2021, respectively.
Schedule of Estimated Useful Lives Of Assets
Properties are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:
Leasehold interests Remaining lease term
Buildings and improvements
5 to 40 years
Tenant improvements The shorter of the term of the related lease or useful life
Furniture, fixtures and equipment
5 to 10 years