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Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Unsecured Notes and Term Loans Outstanding
Our unsecured notes and term loans outstanding as of December 31, 2023 and 2022 are as follows (in thousands):
EffectiveDecember 31,Payoff Date/
Coupon/Stated Rate
Rate (1)
20232022
Maturity Date (2)
2018 Term Loan
1 Month LIBOR + 110 basis points
2.31 %$— $100,000 1/10/2023
2023 Term Loan
1 Month SOFR + 95 basis points
4.73 %125,000 — 1/10/2025
30-Year Unsecured Notes7.25 %7.36 %50,000 50,000 2/25/2028
Green Bonds3.44 %4.09 %350,000 350,000 12/29/2030
Total principal525,000 500,000 
Premiums and discounts, net(94)(116)
Deferred issuance costs, net(2,561)(2,525)
Total$522,345 $497,359 
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(1)     For fixed rate notes, the effective rate represents the yield on issuance date, including the effects of discounts on the notes. For variable rate notes, the effective rate represents the rate as fixed by interest rate derivatives (see note 8).
(2)     No principal amounts are due prior to maturity.
Schedule of Required Principal Payments on Unsecured Notes and Term Loans
The required principal payments on the unsecured notes and term loans as of December 31, 2023 are as follows (in thousands):
2024$— 
2025125,000 
2026— 
2027— 
202850,000 
Thereafter350,000 
$525,000