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Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | Long-term debt consists of the following.
| December 31,
(in thousands) | 2021 |  | 2020
Fixed mortgage notes payable due 2023 through 2047; weighted average interest rate of 4.14% and 4.18% as of December 31, 2021 and 2020, respectively. | $ | 2,164,115 |  |  | $ | 2,366,996 |
Variable mortgage notes payable due 2022 through 2030; weighted average interest rate of 2.44% and 2.49% as of December 31, 2021 and 2020, respectively. | 1,476,943 |  |  | 1,529,935 |
Convertible notes payable due October 2026; weighted average interest rate of 2.00% as of December 31, 2021. | 230,000 |  |  | — |
Other notes payable; weighted average interest rate of 8.98% as of December 31, 2020. | — |  |  | 46,557 |
Deferred financing costs, net | (29,846) |  |  | (27,500) |
Total long-term debt | 3,841,212 |  |  | 3,915,988 |
Current portion | 63,125 |  |  | 68,885 |
Total long-term debt, less current portion | $ | 3,778,087 |  |  | $ | 3,847,103 |
Schedule of Maturities |
Year Ending December 31, | Long-term Debt | Weighted Rate
2022 | $ | 68,609 |  | 3.54 | %
2023 | 234,453 |  | 3.49 | %
2024 | 304,294 |  | 4.29 | %
2025 | 348,044 |  | 2.81 | %
2026 | 309,269 |  | 2.38 | %
Thereafter | 2,606,389 |  | 3.43 | %
Total obligations | 3,871,058 |  | 3.37 | %
Less amount representing deferred financing costs, net | (29,846) |  |
Total | $ | 3,841,212 |  |

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