XML 240 R62.htm IDEA: XBRL DOCUMENT v3.25.3
Debt Obligations, net - Schedule of Debt (Details) - USD ($)
$ in Thousands
 1 Months Ended 9 Months Ended 12 Months Ended
Sep. 12, 2025
Mar. 31, 2021
Sep. 30, 2025
Dec. 31, 2024
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     $ 4,566,440 $ 4,372,317            
Debt premium, net     (52,480) (54,878)            
Total debt obligations, net [1]     4,513,960 4,317,439            
Secured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     1,498,113 1,498,113            
Debt premium, net     (25,932)              
Total debt obligations, net     1,472,181              
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     3,068,327 2,874,204            
Debt premium, net     (26,548)              
Total debt obligations, net     3,041,779              
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     3.44%              
Consolidated Mortgage Debt, Unconsolidated Mortgage Debt, Unsecured Senior Notes and Trust Preferred Securities                    
Debt Instrument [Line Items]                    
Weighted average interest rate     4.20%              
Weighted average cash interest rate     3.83%              
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 $ 300,000            
Stated interest rate     6.10% 6.10%   6.10%        
5.65% Senior Notes | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     $ 400,000 $ 400,000            
Stated interest rate     5.65% 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     $ 162,327 $ 160,204            
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              
2024 Unsecured Revolver maturing in 2029 | Unsecured Debt                    
Debt Instrument [Line Items]                    
Total debt obligations     $ 881,000 $ 689,000            
Basis point spread on variable interest rate (percent) 0.85%   0.85% 0.85%            
Debt Instrument, Variable Interest Rate, Type us-gaap:SecuredOvernightFinancingRateSofrMember                  
2021 Unsecured Revolver | Unsecured Debt                    
Debt Instrument [Line Items]                    
Basis point spread on variable interest rate (percent)   0.90%                
Debt Instrument, Variable Interest Rate, Type   us-gaap:SecuredOvernightFinancingRateSofrMember                
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).