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Corporate Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Senior Unsecured Notes and Other Related Disclosures by Scheduled Maturity Date | The following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2024 and December 31, 2023, respectively, by scheduled maturity date (dollars in thousands):
Issuance |  | September 30, 2024 Unpaid Principal Balance |  | September 30, 2024 Accreted Balance |  | December 31, 2023 Accreted Balance |  | Interest Rate (1) |  | Initial Term (in Years) |  | Maturity Date
December 17, 2015 (2) |  | $ | 100,000 |  |  | $ | 100,000 |  |  | $ | 100,000 |  |  |  | 4.27 | % |  | 10 |  | December 2025
|  | $ | 100,000 |  |  | $ | 100,000 |  |  | $ | 100,000 |  |  |  |  |  |  |  |
Deferred financing costs, net |  | — |  |  | (128) |  |  | (205) |  |  |  |  |  |  |  |
|  | $ | 100,000 |  |  | $ | 99,872 |  |  | $ | 99,795 |  |  |  |  |  |  |  |
(1)Interest rate as of September 30, 2024. (2)Issued by the Company and the Operating Partnership as co-obligors in a private placement.
Schedule of Combined Aggregate Principal Maturities | Combined aggregate principal maturities of mortgages and other loans payable, the 2021 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2024, including as-of-right extension options but excluding other extension options, were as follows (in thousands):
| Scheduled Amortization |  | Principal |  | Revolving Credit Facility |  | Unsecured Term Loans |  | Trust Preferred Securities |  | Senior Unsecured Notes |  | Total |  | Joint Venture Debt
Remaining 2024 | $ | — |  |  | $ | 272,750 |  |  | $ | — |  |  | $ | 200,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 472,750 |  |  | $ | 473,597 |
2025 | — |  |  | 430,900 |  |  | — |  |  | — |  |  | — |  |  | 100,000 |  |  | 530,900 |  |  | 1,910,561 |
2026 | — |  |  | 190,148 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 190,148 |  |  | 923,620 |
2027 | — |  |  | 550,000 |  |  | 735,000 |  |  | 1,050,000 |  |  | — |  |  | — |  |  | 2,335,000 |  |  | 1,438,338 |
2028 | — |  |  | 205,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 205,000 |  |  | — |
Thereafter | — |  |  | — |  |  | — |  |  | — |  |  | 100,000 |  |  | — |  |  | 100,000 |  |  | 2,130,300 |
| $ | — |  |  | $ | 1,648,798 |  |  | $ | 735,000 |  |  | $ | 1,250,000 |  |  | $ | 100,000 |  |  | $ | 100,000 |  |  | $ | 3,833,798 |  |  | $ | 6,876,416 |
Schedule of Consolidated Interest Expense, Excluding Capitalized Interest | Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest expense before capitalized interest | $ | 51,342 |  |  | $ | 52,877 |  |  | $ | 149,713 |  |  | $ | 183,652 |
Interest on financing leases | 1,127 |  |  | 1,113 |  |  | 3,371 |  |  | 3,329 |
Capitalized interest | (9,492) |  |  | (25,483) |  |  | (41,226) |  |  | (77,916) |
Amortization of discount on assumed debt | 167 |  |  | — |  |  | 331 |  |  | 2,842 |
Interest income | (1,053) |  |  | (1,067) |  |  | (3,122) |  |  | (2,193) |
Interest expense, net | $ | 42,091 |  |  | $ | 27,440 |  |  | $ | 109,067 |  |  | $ | 109,714 |

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