Notes and Bonds Payable (Tables)

6 Months Ended

Jun. 30, 2024

The table below details the Company’s notes and bonds payable as of June 30, 2024 and December 31, 2023.


	MATURITY DATE	BALANCE 1 AS OF				EFFECTIVE INTEREST RATE as of 6/30/2024
Dollars in thousands		6/30/2024		12/31/2023
$1.5 billion Unsecured Credit Facility 2	10/25	$	250,000	$	—	6.28	%


$200 million Unsecured Term Loan 3	5/25	199,750		199,903		6.37	%
$250 million Unsecured Term Loan 4	7/25	249,659		349,798		6.37	%
$300 million Unsecured Term Loan	10/25	299,970		299,958		6.37	%
$150 million Unsecured Term Loan	6/26	149,716		149,643		6.37	%
$200 million Unsecured Term Loan	7/27	199,571		199,502		6.37	%
$300 million Unsecured Term Loan	1/28	298,498		298,288		6.37	%
Senior Notes due 2025	5/25	249,674		249,484		4.12	%
Senior Notes due 2026	8/26	582,873		579,017		4.94	%
Senior Notes due 2027	7/27	485,889		483,727		4.76	%
Senior Notes due 2028	1/28	297,726		297,429		3.85	%
Senior Notes due 2030	2/30	580,667		575,443		5.30	%
Senior Notes due 2030	3/30	296,983		296,780		2.72	%
Senior Notes due 2031	3/31	296,086		295,832		2.25	%
Senior Notes due 2031	3/31	658,263		649,521		5.13	%
Mortgage notes payable	9/24-12/26	52,828		70,534		3.57% - 6.88%
		$	5,148,153	$	4,994,859

1Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable.

2As of June 30, 2024, the Company had $1.3 billion available to be drawn on its $1.5 billion Unsecured Credit Facility.

3In 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.

4In June 2024, the Company repaid $100 million of the initial $350 million Unsecured Term Loan and exercised its second option to extend the maturity date for one year to July 2025 for a fee of approximately $0.3 million.