XML 71 R61.htm IDEA: XBRL DOCUMENT v3.24.2
Debt Obligations, net - Schedule of Debt (Details) - USD ($)
$ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2024
Jan. 31, 2023
Mar. 31, 2021
Jun. 30, 2024
Dec. 31, 2023
Feb. 29, 2024
May 31, 2022
Jan. 31, 2022
Nov. 30, 2021
May 31, 2021
Debt Instrument [Line Items]                    
Total debt obligations       $ 4,237,222 $ 4,096,155          
Debt premium, net       (46,635) (41,790)          
Total debt obligations, net [1]       4,190,587 4,054,365          
Secured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       1,498,113 1,498,113          
Debt premium, net       (26,062)            
Total debt obligations, net       1,472,051            
Secured Debt | Assets pledged as collateral without right                    
Debt Instrument [Line Items]                    
Real estate, net investment in sales-type leases and Ground Leases receivables pledged as collateral on debt obligations       2,000,000            
Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       2,739,109 2,598,042          
Debt premium, net       (20,573)            
Total debt obligations, net       2,718,536            
Mortgages | Secured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 1,498,113 $ 1,498,113          
Weighted average interest rate       3.99% 3.99%          
Weighted average cash interest rate       3.33%            
Consolidated Mortgage Debt, Unconsolidated Mortgage Debt, Unsecured Senior Notes and Trust Preferred Securities                    
Debt Instrument [Line Items]                    
Weighted average interest rate       4.04%            
Weighted average cash interest rate       3.58%            
2.80% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 400,000 $ 400,000          
Stated interest rate       2.80% 2.80%         2.80%
2.85% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 350,000 $ 350,000          
Stated interest rate       2.85% 2.85%       2.85%  
6.10% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 300,000            
Stated interest rate       6.10%   6.10%        
3.98% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 475,000 $ 475,000          
Stated interest rate       3.98% 3.98%     3.98%    
5.15% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 158,109 $ 156,042          
Stated interest rate       5.15% 5.15%   5.15%      
Trust Preferred Securities | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 100,000 $ 100,000          
Trust Preferred Securities | Unsecured Debt | SOFR                    
Debt Instrument [Line Items]                    
Basis point spread on variable interest rate (percent)       1.50% 1.50%          
2021 Unsecured Revolver maturing in 2026 | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations         $ 1,117,000          
2021 Unsecured Revolver maturing in 2026 | Unsecured Debt | SOFR                    
Debt Instrument [Line Items]                    
Basis point spread on variable interest rate (percent)     0.90%   0.90%          
2024 Unsecured Revolver maturing in 2029 | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 956,000            
2024 Unsecured Revolver maturing in 2029 | Unsecured Debt | SOFR                    
Debt Instrument [Line Items]                    
Basis point spread on variable interest rate (percent) 0.85%     0.85%            
2023 Unsecured Revolver maturing in 2025 | Unsecured Debt | SOFR                    
Debt Instrument [Line Items]                    
Basis point spread on variable interest rate (percent)   0.90%                
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).