REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Changes in Rental Properties and Accumulated Depreciation (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Rental Properties | |||
Balance at beginning of year | $ 4,046,122 | $ 4,076,866 | $ 4,638,643 |
Additions | 25,661 | 845,900 | 1,002,342 |
Sales and assets held-for-sale | (608,276) | (747,407) | (1,522,994) |
Impairments | (72,019) | (129,237) | (27,547) |
Retirements/disposals | 0 | 0 | (13,578) |
Balance at end of year | 3,391,488 | 4,046,122 | 4,076,866 |
Accumulated Depreciation | |||
Balance at beginning of year | 631,910 | 583,416 | 656,331 |
Depreciation expense | 94,590 | 102,476 | 102,062 |
Sales and assets held-for-sale | (243,217) | (28,924) | (159,541) |
Impairments | (39,502) | (25,058) | (1,858) |
Retirements/disposals | 0 | 0 | (13,578) |
Balance at end of year | $ 443,781 | $ 631,910 | $ 583,416 |
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- Definition Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before accumulated depreciation, of real estate investment by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Excludes real estate not held as investment or interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of other additions excluding acquisition or improvement to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of other deductions to real estate investments, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of depreciation expense of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Increase (Decrease) Impairment Charges No definition available.
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- Definition SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Real Estate Sold And Held For Sale No definition available.
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- Definition SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Retirements Or Disposals No definition available.
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- Definition SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Real Estate, Retirements Or Disposals No definition available.
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- Definition SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Real Estate Sold And Held For Sale No definition available.
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