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BORROWING ACTIVITIES AND ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2025
BORROWING ACTIVITIES AND ARRANGEMENTS [Abstract] |
Schedule of Borrowings | The following is a summary of our borrowings:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Annual |  | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Interest Rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | as of | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 30, | ​ | ​ | September 30, | ​ | December 31,
​ |  | Maturity |  | 2025 |  | ​ | 2025 |  | 2024
​ |  | ​ |  | ​ |  | ​ | (in thousands)
Secured borrowings: |  |  |  |  |  | ​ | ​ |  |  | ​ |
2026 Mortgage Loan(1) |  | 2026 |  | 9.35 | % | ​ | $ | 245,929 | ​ | $ | 231,148
Deferred financing costs – net |  |  |  | ​ | ​ | ​ |  | (2,219) | ​ |  | (3,753)
Premium – net(2) |  |  |  |  | ​ | ​ |  | 9,379 | ​ |  | 15,915
Total secured borrowings | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 253,089 | ​ | ​ | 243,310
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unsecured borrowings: |  |  |  |  | ​ | ​ |  |  | ​ |  |
Revolving Credit Facility(3) |  | 2029 |  | SOFR + 1.05 | % | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | —
Senior notes and other unsecured borrowings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 notes(3)(4) |  | 2025 |  | 4.50 | % | ​ |  | — | ​ |  | 400,000
2026 notes(3)(5) |  | 2026 |  | 5.25 | % | ​ |  | 600,000 | ​ |  | 600,000
2027 notes(3) |  | 2027 |  | 4.50 | % | ​ |  | 700,000 | ​ |  | 700,000
2028 notes(3) |  | 2028 |  | 4.75 | % | ​ |  | 550,000 | ​ |  | 550,000
2029 notes(3) |  | 2029 |  | 3.63 | % | ​ |  | 500,000 | ​ |  | 500,000
2030 notes(3) | ​ | 2030 | ​ | 5.20 | % | ​ | ​ | 600,000 | ​ | ​ | —
2031 notes(3) | ​ | 2031 | ​ | 3.38 | % | ​ | ​ | 700,000 | ​ | ​ | 700,000
2033 notes(3) | ​ | 2033 | ​ | 3.25 | % | ​ | ​ | 700,000 | ​ | ​ | 700,000
2026 Term Loan(3)(6) | ​ | 2026 |  | 5.25 | % | ​ |  | 428,500 | ​ |  | 428,500
OP Term Loan(7) |  | 2025 |  | N/A | ​ | ​ |  | — | ​ |  | 50,000
2028 Term Loan | ​ | 2028 | ​ | SOFR + 1.20 | % | ​ | ​ | — | ​ | ​ | —
Deferred financing costs – net |  |  |  | ​ | ​ | ​ |  | (17,267) | ​ |  | (14,843)
Discount – net |  |  |  |  | ​ | ​ |  | (19,776) | ​ |  | (18,108)
Total senior notes and other unsecured borrowings – net |  |  |  |  | ​ | ​ |  | 4,741,457 | ​ |  | 4,595,549
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total unsecured borrowings – net |  |  |  |  | ​ | ​ |  | 4,741,457 | ​ |  | 4,595,549
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total secured and unsecured borrowings – net(8)(9) |  |  |  |  | ​ | ​ | $ | 4,994,546 | ​ | $ | 4,838,859
(1) | Wholly owned subsidiaries of Omega OP are the obligors on this loan (the “2026 Mortgage Loan”). The 2026 Mortgage Loan is denominated in GBP.
(2) | Represents the remaining fair value adjustment associated with the 2026 Mortgage Loan, that was assumed as part of an asset acquisition in July 2024, that is being amortized over the remaining contractual term of the loan.
(3) | Guaranteed by Omega OP.
(4) | The Company repaid $400 million of 4.50% senior notes that matured on January 15, 2025 using available cash.
(5) | On October 15, 2025, the Company redeemed, at par value, the $600.0 million of aggregate principal outstanding under its 5.250% Senior Notes with a scheduled maturity of January 15, 2026.
(6) | In July 2025, the maturity date of the $428.5 million term loan (the “2026 Term Loan”) was extended from August 8, 2025 to August 8, 2026 following Omega’s election to utilize one of two 12-month extension options. The weighted average interest rate of the 2026 Term Loan has been adjusted to reflect the impact of the interest rate swaps that effectively fix the SOFR-based portion of the interest rate at 4.047%.
(7) | On April 29, 2025, Omega repaid the $50 million term loan (“OP Term Loan”) using available cash prior to its original maturity date. Omega OP was the obligor on this borrowing.
(8) | All borrowings are direct borrowings of Parent unless otherwise noted.
(9) | Certain of our other secured and unsecured borrowings are subject to customary affirmative and negative covenants, including financial covenants. As of September 30, 2025 and December 31, 2024, we were in compliance with all applicable covenants for our borrowings.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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