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Notes and Bonds Payable (Tables)
 6 Months Ended
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 thousands6/30/202512/31/2024
$1.5 billion Unsecured Credit Facility 2
10/25$295,000 $— 5.27 %
$200 million Unsecured Term Loan 3
1/26174,879 199,896 5.36 %
$300 million Unsecured Term Loan 4
10/25289,992 299,981 5.36 %
$150 million Unsecured Term Loan
6/26149,864 149,790 5.36 %
$200 million Unsecured Term Loan
7/27199,710 199,641 5.36 %
$300 million Unsecured Term Loan
1/28298,917 298,708 5.36 %
Senior Notes due 2025 5
5/25— 249,868 4.12 %
Senior Notes due 2026
8/26590,874 586,824 4.94 %
Senior Notes due 2027 7/27490,371 488,104 4.76 %
Senior Notes due 20281/28298,338 298,029 3.85 %
Senior Notes due 2030 2/30591,535 586,028 5.30 %
Senior Notes due 20303/30297,398 297,190 2.72 %
Senior Notes due 2031 3/31296,603 296,343 2.25 %
Senior Notes due 2031 3/31676,434 667,233 5.13 %
Mortgage notes payable
12/25-12/2644,476 45,136 
3.57% - 6.88%
$4,694,391 $4,662,771 
1Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable.
2As of June 30, 2025, the Company had $1.2 billion available to be drawn on its $1.5 billion Unsecured Credit Facility.
3In January 2025, the Company repaid $25 million of the $200 million Unsecured term Loan.
4In January 2025, the Company repaid $10 million of the $300 million Unsecured term Loan due October 2025.
5In May 2025, the Company repaid its Senior Notes due 2025 at maturity including $250 million of principal and $4.8 million of accrued interest.