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v3.24.1.u1

Debt - Unsecured Term Loan (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Total Principal | $ 2,534,632 |
Interest rate swap |  |
Derivative Notional Amount | 500,000 | $ 500,000
Revolving Credit Facility [Member] |  |
Total Principal | 330,000 |
Unsecured Debt [Member] |  |
Total Principal | 350,000 | 350,000
Unamortized debt issuance costs and assumed debt discounts, net | (3,053) | (3,202)
Total | $ 346,947 | 346,798
Unsecured Debt [Member] | 2029 Unsecured term loan |  |
All-in Interest Rate | 4.52% |
Total Principal | $ 350,000 | $ 350,000
Debt instrument, face amount | $ 350,000 |
Hedge, fixed interest rate | 3.57% |
Additional lender commitments | $ 500,000 |
Unsecured Debt [Member] | 2029 Unsecured term loan | SOFR |  |
Spread on variable rate | 0.95% |
Credit spread on variable rate | 0.85% |
SOFR adjustment | 0.10% |
Variable rate | 0.10% |
Unsecured Debt [Member] | 2029 Unsecured term loan | SOFR | Minimum |  |
Spread on variable rate | 0.80% |
Unsecured Debt [Member] | 2029 Unsecured term loan | SOFR | Maximum |  |
Spread on variable rate | 1.60% |
Unsecured Debt [Member] | 2029 Unsecured term loan | Interest rate swap |  |
Hedge, fixed interest rate | 3.57% |
Derivative Notional Amount | $ 350,000 |

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