XML 198 R74.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt Obligations, net - Schedule of Debt (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Apr. 30, 2024
Mar. 31, 2021
Dec. 31, 2024
Dec. 31, 2023
Nov. 30, 2024
Feb. 29, 2024
May 31, 2022
Jan. 31, 2022
Nov. 30, 2021
May 31, 2021
Debt Instrument [Line Items]                    
Total debt obligations     $ 4,372,317 $ 4,096,155            
Debt premium, net     (54,878) (41,790)            
Total debt obligations, net [1]     4,317,439 4,054,365            
Secured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     1,498,113 1,498,113            
Debt premium, net     (26,231)              
Total debt obligations, net     1,471,882              
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     2,100,000              
Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     2,874,204 2,598,042            
Debt premium, net     (28,647)              
Total debt obligations, net     2,845,557              
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     3.41%              
Consolidated Mortgage Debt, Unconsolidated Mortgage Debt, Unsecured Senior Notes and Trust Preferred Securities                    
Debt Instrument [Line Items]                    
Weighted average interest rate     4.18%              
Weighted average cash interest rate     3.80%              
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%        
5.65% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     $ 400,000              
Stated interest rate     5.65%   5.65%          
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     $ 160,204 $ 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            
Basis point spread on variable interest rate (percent)     1.50% 1.50%            
Debt Instrument, Variable Interest Rate, Type     us-gaap:SecuredOvernightFinancingRateSofrMember us-gaap:SecuredOvernightFinancingRateSofrMember            
2021 Unsecured Revolver | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations       $ 1,117,000            
Basis point spread on variable interest rate (percent)   0.90%   0.90%            
Debt Instrument, Variable Interest Rate, Type   us-gaap:SecuredOvernightFinancingRateSofrMember   us-gaap:SecuredOvernightFinancingRateSofrMember            
2024 Unsecured Revolver maturing in 2029 | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     $ 689,000              
Basis point spread on variable interest rate (percent) 0.85%   0.85%              
Debt Instrument, Variable Interest Rate, Type us-gaap:SecuredOvernightFinancingRateSofrMember   us-gaap:SecuredOvernightFinancingRateSofrMember              
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities ("VIEs").