XML 65 R52.htm IDEA: XBRL DOCUMENT v3.24.2
MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Line of Credit (Details)
1 Months Ended 6 Months Ended 12 Months Ended
Jul. 31, 2024
USD ($)
Jun. 30, 2024
USD ($)
extension
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]        
Gross debt   $ 3,000,761,000   $ 2,802,941,000
Repayment of long-term debt   192,180,000 $ 361,162,000  
Unsecured Credit Facility Revolving Line of Credit        
Debt Instrument [Line Items]        
Gross debt   $ 0   $ 0
Interest rate (as a percent)   6.48%   6.58%
Number of extension options | extension   2    
Extension period   6 months    
Extension fee percentage (as a percent)   0.00075    
Unsecured Term Loans        
Debt Instrument [Line Items]        
Gross debt   $ 820,000,000   $ 820,000,000
Unsecured Term Loan Due 2024 | Unsecured Term Loans        
Debt Instrument [Line Items]        
Gross debt   $ 120,000,000   $ 120,000,000
Interest rate (as a percent)   2.68%   2.68%
Variable interest rate, type [Extensible enumeration]   Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)   1.58%    
Variable interest rate (as a percent)   1.10%   1.10%
Unsecured Term Loan Due 2024 | Unsecured Term Loans | Subsequent Event        
Debt Instrument [Line Items]        
Repayment of long-term debt $ 120,000,000      
Unsecured Term Loan Due 2024 | Unsecured Term Loans | Minimum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   0.80%    
Unsecured Term Loan Due 2024 | Unsecured Term Loans | Maximum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   1.65%    
Unsecured Term Loan Due 2025 | Unsecured Term Loans        
Debt Instrument [Line Items]        
Gross debt   $ 250,000,000   $ 250,000,000
Interest rate (as a percent)   5.09%   5.09%
Variable interest rate, type [Extensible enumeration]   Secured Overnight Financing Rate (SOFR) [Member]    
Fixed interest rate (as a percent)   5.09%    
Number of extension options | extension   3    
Extension period   1 year    
Unsecured Term Loan Due 2026 | Unsecured Term Loans        
Debt Instrument [Line Items]        
Gross debt   $ 150,000,000   $ 150,000,000
Interest rate (as a percent)   2.73%   2.73%
Variable interest rate, type [Extensible enumeration]   Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)   1.68%    
Variable interest rate (as a percent)   1.05%   1.05%
Unsecured Term Loan Due 2026 | Unsecured Term Loans | Minimum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   0.75%    
Unsecured Term Loan Due 2026 | Unsecured Term Loans | Maximum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   1.60%    
Unsecured Term Loan Due 2029 | Unsecured Term Loans        
Debt Instrument [Line Items]        
Gross debt   $ 300,000,000   $ 300,000,000
Interest rate (as a percent)   3.82%   3.82%
Variable interest rate, type [Extensible enumeration]   Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)   2.47%    
Variable interest rate (as a percent)   1.35%   1.35%
Unsecured Term Loan Due 2029 | Unsecured Term Loans | Minimum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   1.15%    
Unsecured Term Loan Due 2029 | Unsecured Term Loans | Maximum        
Debt Instrument [Line Items]        
Credit spread (as a percent)   2.20%