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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 15—Subsequent Events

In April 2024, investors in Caret units (refer to Note 3) elected to have their Caret units redeemed at their original purchase price less the amount of distributions previously made on such units.

In April 2024, the Company closed on a new $2.0 billion unsecured revolving credit facility (the “2024 Unsecured Revolver”), which replaces the Company’s 2021 Unsecured Revolver and 2023 Unsecured Revolver, each of which were terminated. At the time of termination, $916 million was drawn on the 2021 Unsecured Revolver, all of which rolled over into the 2024 Unsecured Revolver and remains outstanding as of the date hereof. The 2024 Unsecured Revolver has a borrowing rate of Adjusted SOFR, as defined in the applicable agreement, plus 0.85%, subject to the Company’s credit ratings, with an extended maturity date of May 1, 2029, which includes two six-month extension options.