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Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Instruments [Abstract]  
Schedule of Long-term Debt Instruments
Debt consists of the following ($ in thousands):
December 31,
2023		December 31, 2022
Revolving credit facility - unsecured$245,000 $42,000 
Bank term loans - unsecured200,000 240,000 
2031 Senior Notes - unsecured, net of discount of $2,278 and $2,600
397,722 397,400 
Private placement notes - unsecured225,000 400,000 
Fannie Mae term loans - secured, non-recourse76,241 76,649 
Unamortized loan costs(8,912)(8,538)
$1,135,051 $1,147,511 
Schedule of Maturities of Long-term Debt
Aggregate principal maturities of debt as of December 31, 2023 for each of the next five years and thereafter are included in
the table below. These maturities do not include the impact of any debt incurred or repaid subsequent to December 31, 2023 ($ in thousands):

For The Year Ending December 31,Amount
2024$75,425 
2025325,816 
2026245,000 
2027100,000 
2028— 
Thereafter400,000 
1,146,241 
Less: discount(2,278)
Less: unamortized loan costs(8,912)
$1,135,051 
Schedule of Unsecured Term Loans
Our remaining unsecured private placement notes as of December 31, 2023, payable interest-only, are summarized below ($ in thousands):

AmountInceptionMaturityFixed Rate
$75,000 September 2016September 20243.93 %
50,000 November 2015November 20254.33 %
100,000 January 2015January 20274.51 %
$225,000 
Schedule of Interest Expense
The following table summarizes interest expense ($ in thousands):
Year Ended December 31,
202320222021
Interest expense on debt at contractual rates$55,603 $42,487 $40,866 
Losses reclassified from accumulated other
comprehensive income into interest expense— — 7,286 
Capitalized interest(90)(46)(40)
Amortization of debt issuance costs, debt discount and other2,647 2,476 2,698 
Total interest expense$58,160 $44,917 $50,810