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Notes and Bonds Payable (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The table below details the Company’s notes and bonds payable as of June 30, 2025 and December 31, 2024.
| MATURITY DATE | BALANCE 1 AS OF | EFFECTIVE INTEREST RATE as of 6/30/2025
Dollars in thousands | 6/30/2025 | 12/31/2024
$1.5 billion Unsecured Credit Facility 2 | 10/25 | $ | 295,000 |  | $ | — |  | 5.27 | %
$200 million Unsecured Term Loan 3 | 1/26 | 174,879 |  | 199,896 |  | 5.36 | %
$300 million Unsecured Term Loan 4 | 10/25 | 289,992 |  | 299,981 |  | 5.36 | %
$150 million Unsecured Term Loan | 6/26 | 149,864 |  | 149,790 |  | 5.36 | %
$200 million Unsecured Term Loan | 7/27 | 199,710 |  | 199,641 |  | 5.36 | %
$300 million Unsecured Term Loan | 1/28 | 298,917 |  | 298,708 |  | 5.36 | %
Senior Notes due 2025 5 | 5/25 | — |  | 249,868 |  | 4.12 | %
Senior Notes due 2026 | 8/26 | 590,874 |  | 586,824 |  | 4.94 | %
Senior Notes due 2027 | 7/27 | 490,371 |  | 488,104 |  | 4.76 | %
Senior Notes due 2028 | 1/28 | 298,338 |  | 298,029 |  | 3.85 | %
Senior Notes due 2030 | 2/30 | 591,535 |  | 586,028 |  | 5.30 | %
Senior Notes due 2030 | 3/30 | 297,398 |  | 297,190 |  | 2.72 | %
Senior Notes due 2031 | 3/31 | 296,603 |  | 296,343 |  | 2.25 | %
Senior Notes due 2031 | 3/31 | 676,434 |  | 667,233 |  | 5.13 | %
Mortgage notes payable | 12/25-12/26 | 44,476 |  | 45,136 |  | 3.57% - 6.88%
|  | $ | 4,694,391 |  | $ | 4,662,771 |  |
1 Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable. 2 As of June 30, 2025, the Company had $1.2 billion available to be drawn on its $1.5 billion Unsecured Credit Facility. 3 In January 2025, the Company repaid $25 million of the $200 million Unsecured term Loan. 4 In January 2025, the Company repaid $10 million of the $300 million Unsecured term Loan due October 2025. 5 In May 2025, the Company repaid its Senior Notes due 2025 at maturity including $250 million of principal and $4.8 million of accrued interest.

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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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