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DEBT OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt Obligations
The following is a summary of the outstanding principal balances and interest rates, which includes the effect of derivative financial instruments, for our debt obligations as of June 30, 2026 and December 31, 2025 (dollars in thousands):
   
Interest Rate(1)
June 30, 2026December 31, 2025
Revolving credit facility(2)
SOFR + 0.7%
$142,000 $92,000 
Term loans(2)
4.459%
161,750 484,750 
Senior unsecured notes due 20312.625%350,000 350,000 
Senior unsecured notes due 20325.250%350,000 350,000 
Senior unsecured notes due 20334.750%350,000 — 
Senior unsecured notes due 20345.750%350,000 350,000 
Senior unsecured notes due 20354.950%350,000 350,000 
Secured loan facilities
3.4% - 3.5%
395,000 395,000 
Mortgages
3.5% - 6.2%
28,973 29,915 
Finance lease liability388 480 
Discount on notes payable(25,710)(23,633)
Assumed market debt adjustments, net198 259 
Deferred financing expenses, net(1,844)(3,443)
Total  $2,450,755 $2,375,328 
Weighted-average interest rate(3)
4.4 %4.5 %
(1)Interest rates are as of June 30, 2026.
(2)Our revolving credit facility and term loans carry an interest rate of the Secured Overnight Financing Rate (“SOFR”) plus a spread. While some of the rates are fixed through the use of swaps, a portion of this debt is not subject to a swap, and thus is still indexed to SOFR.
(3)Includes the effects of derivative financial instruments as of June 30, 2026 and December 31, 2025 (see Notes 7 and 12).
Schedule of Debt Allocation The allocation of total debt between fixed-rate and variable-rate as well as between secured and unsecured, excluding market debt adjustments, discount on senior notes, and deferred financing expenses, net, and including the effects of derivative financial instruments as of June 30, 2026 and December 31, 2025 is summarized below (in thousands):
   June 30, 2026December 31, 2025
As to interest rate(1):
Fixed-rate debt$2,374,361 $2,025,395
Variable-rate debt103,750 376,750
Total$2,478,111 $2,402,145
As to collateralization:
Unsecured debt$2,053,750 $1,976,750
Secured debt424,361 425,395
Total  $2,478,111 $2,402,145
(1)Fixed-rate debt includes, and variable-rate debt excludes, the portion of such debt that has been hedged by interest rate derivatives. As of June 30, 2026, $200 million in variable-rate debt was hedged to a fixed rate until September 1, 2026 (see Notes 7 and 12).