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Debt (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Debt | The following is a summary of our debt:
(Amounts in thousands) | Weighted Average Interest Rate as of June 30, 2026(1) |  | Balance as of
|  | June 30, 2026 |  | December 31, 2025
Mortgages Payable: |  |  |  |  |  |  |
Fixed rate(2) |  | 4.98% |  |  | $ | 3,340,000 |  |  | $ | 3,415,000 |
Variable rate(3) |  | 5.48% |  |  | 1,529,543 |  |  | 1,529,037 |
Total |  | 5.14% |  |  | 4,869,543 |  |  | 4,944,037 |
Deferred financing costs, net and other |  |  |  |  | (24,813) |  |  | (23,368) |
Total, net |  |  |  |  | $ | 4,844,730 |  |  | $ | 4,920,669 |
Unsecured Debt: |  |  |  |  |  |  |
Senior unsecured notes |  | 4.78% |  |  | $ | 850,000 |  |  | $ | 750,000 |
Deferred financing costs, net and other |  |  |  |  | (8,060) |  |  | (2,798) |
Senior unsecured notes, net |  |  |  |  | 841,940 |  |  | 747,202 |
Unsecured term loan |  | 4.20% |  |  | 850,000 |  |  | 800,000 |
Deferred financing costs, net and other |  |  |  |  | (9,970) |  |  | (2,663) |
Unsecured term loan, net |  |  |  |  | 840,030 |  |  | 797,337 |
Unsecured revolving credit facilities |  | 4.07% |  |  | 918,000 |  |  | 720,420 |
Total, net |  |  |  |  | $ | 2,599,970 |  |  | $ | 2,264,959 |
_____________________________ (1)Represents the interest rate in effect as of period end based on the appropriate reference rate as of the contractual reset date plus contractual spread, adjusted for hedging instruments, as applicable. See Note 15 - Fair Value Measurements for further information on our consolidated hedging instruments. (2)Includes variable rate mortgages with interest rates fixed by interest rate swap arrangements. (3)Includes variable rate mortgages subject to interest rate cap arrangements. As of June 30, 2026, $1,285,000 of our variable rate debt is subject to interest rate cap arrangements, of which $645,000 is attributable to noncontrolling interests. The interest rate cap arrangements have a weighted average SOFR strike rate of 4.22% and a weighted average remaining term of seven months.

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