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Notes and Bonds Payable (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The table below details the Company’s notes and bonds payable as of September 30, 2024, and December 31, 2023.
| MATURITY DATE | BALANCE 1 AS OF | EFFECTIVE INTEREST RATE as of 9/30/2024
Dollars in thousands | 9/30/2024 | 12/31/2023
$1.5 billion Unsecured Credit Facility 2 | 10/25 | $ | 206,000 |  | $ | — |  | 5.79 | %
$200 million Unsecured Term Loan 3 | 5/25 | 199,833 |  | 199,903 |  | 6.24 | %
$350 million Unsecured Term Loan 4,5 | 7/25 | 99,740 |  | 349,798 |  | 6.24 | %
$300 million Unsecured Term Loan | 10/25 | 299,975 |  | 299,958 |  | 6.24 | %
$150 million Unsecured Term Loan | 6/26 | 149,753 |  | 149,643 |  | 6.24 | %
$200 million Unsecured Term Loan | 7/27 | 199,606 |  | 199,502 |  | 6.24 | %
$300 million Unsecured Term Loan | 1/28 | 298,603 |  | 298,288 |  | 6.24 | %
Senior Notes due 2025 | 5/25 | 249,771 |  | 249,484 |  | 4.12 | %
Senior Notes due 2026 | 8/26 | 584,836 |  | 579,017 |  | 4.94 | %
Senior Notes due 2027 | 7/27 | 486,990 |  | 483,727 |  | 4.76 | %
Senior Notes due 2028 | 1/28 | 297,877 |  | 297,429 |  | 3.85 | %
Senior Notes due 2030 | 2/30 | 583,330 |  | 575,443 |  | 5.30 | %
Senior Notes due 2030 | 3/30 | 297,086 |  | 296,780 |  | 2.72 | %
Senior Notes due 2031 | 3/31 | 296,214 |  | 295,832 |  | 2.25 | %
Senior Notes due 2031 | 3/31 | 662,719 |  | 649,521 |  | 5.13 | %
Mortgage notes payable | 9/24-12/26 | 45,463 |  | 70,534 |  | 3.57% - 6.88%
|  | $ | 4,957,796 |  | $ | 4,994,859 |  |
1 Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable. 2 As of September 30, 2024, the Company had $1.3 billion available to be drawn on its $1.5 billion Unsecured Credit Facility. 3 In 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. 4 In 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. 5In September 2024, the Company repaid an additional $150 million of the $350 million Unsecured Term Loan. In October 2024, the Company repaid the remaining $100 million outstanding on this loan.

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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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