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Notes and Bonds Payable
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Notes and Bonds Payable Notes and Bonds Payable
The table below details the Company’s notes and bonds payable as of March 31, 2024 and December 31, 2023. 
 MATURITY DATES
BALANCE 1 AS OF
EFFECTIVE INTEREST RATE
as of 3/31/2024
Dollars in thousands3/31/202412/31/2023
$1.5 billion Unsecured Credit Facility
10/25$120,000 $— 6.27 %
$200 million Unsecured Term Loan 2
5/24199,961 199,903 6.36 %
$350 million Unsecured Term Loan
7/24349,885 349,798 6.36 %
$300 million Unsecured Term Loan
10/25299,964 299,958 6.36 %
$150 million Unsecured Term Loan
6/26149,679 149,643 6.36 %
$200 million Unsecured Term Loan
7/27199,536 199,502 6.36 %
$300 million Unsecured Term Loan
1/28298,393 298,288 6.36 %
Senior Notes due 20255/25249,579 249,484 4.12 %
Senior Notes due 2026
8/26580,933 579,017 4.94 %
Senior Notes due 2027 7/27484,802 483,727 4.76 %
Senior Notes due 20281/28297,577 297,429 3.85 %
Senior Notes due 2030 2/30578,038 575,443 5.30 %
Senior Notes due 20303/30296,881 296,780 2.72 %
Senior Notes due 2031 3/31295,958 295,832 2.25 %
Senior Notes due 2031 3/31653,864 649,521 5.13 %
Mortgage notes payable
9/24-12/2653,229 70,534 
3.57%-6.88%
$5,108,279 $4,994,859 
.
1Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable.
2In April 2024, the Company exercised its option to extend the maturity date for one year to May 2025 for a fee of approximately $0.3 million.

Changes in Mortgage Notes Payable
On January 6, 2024, the Company repaid in full at maturity a mortgage note payable bearing interest at a rate of 4.77% per annum with an outstanding principal balance of $11.3 million. The mortgage note encumbered a 63,012 square foot property in California.

On February 1, 2024, the Company repaid in full at maturity a mortgage note payable bearing interest at a rate of 4.12% per annum with an outstanding principal balance of $5.6 million. The mortgage note encumbered a 40,324 square foot property in Georgia.