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Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company had the following mortgages and notes payable outstanding as of March 31, 2024 and December 31, 2023:
| March 31, 2024 |  | December 31, 2023
Mortgages and notes payable | $ | 59,562 |  |  | $ | 60,888 |
Unamortized debt issuance costs | (719) |  |  | (764) |
Mortgage notes payable, net | $ | 58,843 |  |  | $ | 60,124 |
Debt Instrument Redemption | The Company had the following senior notes outstanding as of March 31, 2024 and December 31, 2023:
Issue Date |  | March 31, 2024 |  | December 31, 2023 |  | Interest Rate |  | Maturity Date |  | Issue Price
November 2023 (1) |  | $ | 300,000 |  |  | $ | 300,000 |  |  | 6.750 | % |  | November 2028 |  | 99.423 | %
August 2021 |  | 400,000 |  |  | 400,000 |  |  | 2.375 | % |  | October 2031 |  | 99.758 | %
August 2020 |  | 400,000 |  |  | 400,000 |  |  | 2.70 | % |  | September 2030 |  | 99.233 | %
May 2014 |  | 198,932 |  |  | 198,932 |  |  | 4.40 | % |  | June 2024 |  | 99.883 | %
|  | 1,298,932 |  |  | 1,298,932 |  |  |  |  |  |  |
Unamortized debt discount |  | (4,297) |  |  | (4,489) |  |  |  |  |  |  |
Unamortized debt issuance costs |  | (7,924) |  |  | (8,298) |  |  |  |  |  |  |
Senior notes payable, net |  | $ | 1,286,711 |  |  | $ | 1,286,145 |  |  |  |  |  |  |
(1) A portion of the net proceeds were invested on a short-term basis and the Company intends to use the investments to repay the 2024 Senior Notes at or near maturity.
Schedule of Line of Credit Facilities | The maturity dates and interest rates as of March 31, 2024, are as follows:
| Maturity Date |  | Interest Rate
$600,000 Revolving Credit Facility(1) | July 2026 |  | SOFR + 0.85%
$300,000 Term Loan(2) | January 2027 |  | Term SOFR + 1.00%
(1) Maturity date of the revolving credit facility can be extended to July 2027, subject to certain conditions. The interest rate includes a 0.10% adjustment. The interest rate spread ranges from 0.725% to 1.400%, and the revolving credit facility allows for further reductions upon the achievement of to-be-determined sustainability metrics. At March 31, 2024, the Company had no borrowings outstanding and availability of $600,000, subject to covenant compliance. (2) The Term SOFR portion of the interest rate was swapped to obtain a current fixed rate of 2.722% per annum, until January 31, 2025. The aggregate unamortized debt issuance costs for the term loan was $2,973 and $3,236 as of March 31, 2024 and December 31, 2023, respectively.

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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