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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Summary of Carry Amounts and Fair Value of Financial Instruments | The table below summarizes the carrying amounts and fair values of the Company’s financial instruments either recorded or disclosed on a recurring basis (in thousands):
| March 31, 2023(3) |  | December 31, 2022(3)
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Loans receivable, net(2) | $ | 243,149 |  |  | $ | 245,125 |  |  | $ | 374,832 |  |  | $ | 369,425 |
Marketable debt securities(2) | — |  |  | — |  |  | 21,702 |  |  | 21,702 |
Interest rate swap instruments(2) | 20,782 |  |  | 20,782 |  |  | 30,259 |  |  | 30,259 |
Bank line of credit and commercial paper(2) | 556,000 |  |  | 556,000 |  |  | 995,606 |  |  | 995,606 |
Term loans(2) | 496,168 |  |  | 496,168 |  |  | 495,957 |  |  | 495,957 |
Senior unsecured notes(1) | 5,056,543 |  |  | 4,712,340 |  |  | 4,659,451 |  |  | 4,238,124 |
Mortgage debt(2) | 345,167 |  |  | 330,856 |  |  | 346,599 |  |  | 330,867 |
_______________________________________ (1)Level 1: Fair value is calculated based on quoted prices in active markets. (2)Level 2: Fair value is based on (i) for marketable debt securities, quoted prices for similar or identical instruments in active or inactive markets, respectively, or (ii) for loans receivable, net, mortgage debt, and interest rate swap instruments, standardized pricing models in which significant inputs or value drivers are observable in active markets. For bank line of credit, commercial paper, and term loans, the carrying values are a reasonable estimate of fair value because the borrowings are primarily based on market interest rates and the Company’s credit rating. (3)During the three months ended March 31, 2023 and year ended December 31, 2022, there were no material transfers of financial assets or liabilities within the fair value hierarchy.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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