Corporate Indebtedness (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of senior unsecured notes and other related disclosures by scheduled maturity date

The following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2023 and December 31, 2022, respectively, by scheduled maturity date (dollars in thousands):

Issuance	September 30, 2023 Unpaid Principal Balance		September 30, 2023 Accreted Balance		December 31, 2022 Accreted Balance		Interest Rate (1)			Initial Term (in Years)	Maturity Date
December 17, 2015 (2)	$	100,000	$	100,000	$	100,000		4.27	%	10	December 2025
	$	100,000	$	100,000	$	100,000
Deferred financing costs, net	—		(231)		(308)
	$	100,000	$	99,769	$	99,692

(1)Interest rate as of September 30, 2023.

(2)Issued by the Company and the Operating Partnership as co-obligors.

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, the 2021 credit facility, the 2022 term loan, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2023, including as-of-right extension options, were as follows (in thousands):

	Scheduled Amortization		Principal		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
Remaining 2023	$	1,486	$	260,149	$	—	$	—	$	—	$	—	$	261,635	$	525,028
2024	4,488		332,749		—		200,000		—		—		537,237		1,318,885
2025	—		370,000		—		—		—		100,000		470,000		1,618,381
2026	—		—		—		—		—		—		—		563,977
2027	—		550,000		400,000		1,000,000		—		—		1,950,000		1,189,059
Thereafter	—		—		—		50,000		100,000		—		150,000		2,130,404
	$	5,974	$	1,512,898	$	400,000	$	1,250,000	$	100,000	$	100,000	$	3,368,872	$	7,345,734

Schedule of consolidated interest expense, excluding capitalized interest

Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest expense before capitalized interest	$	52,877	$	40,553	$	183,652	$	105,165
Interest on financing leases	1,113		1,099		3,329		3,453
Interest capitalized	(25,483)		(19,659)		(77,916)		(55,952)
Amortization of discount on assumed debt	—		—		2,842		—
Interest income	(1,067)		(169)		(2,193)		(812)
Interest expense, net	$	27,440	$	21,824	$	109,714	$	51,854