Corporate Indebtedness (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023 and 2022, respectively, by scheduled maturity date (dollars in thousands):

	December 31, 2023				December 31, 2022
Issuance	Unpaid Principal Balance		Accreted Balance		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	—		(205)		(308)
	$	100,000	$	99,795	$	99,692

(1)Interest rate as of December 31, 2023.

(2)Issued by the Company and the Operating Partnership as co-obligors in a private placement.

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, the 2021 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of December 31, 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		Company's Share of Joint Venture Debt
2024	$	4,488	$	382,750	$	—	$	200,000	$	—	$	—	$	587,238	$	1,822,978
2025	—		370,000		—		—		—		100,000		470,000		1,670,861
2026	—		190,148		—		—		—		—		190,148		542,968
2027	—		550,000		560,000		1,050,000		—		—		2,160,000		1,185,168
2028	—		—		—		—		—		—		—		—
Thereafter	—		—		—		—		100,000		—		100,000		2,130,300
Total	$	4,488	$	1,492,898	$	560,000	$	1,250,000	$	100,000	$	100,000	$	3,507,386	$	7,352,275

Schedule of consolidated interest expense, excluding capitalized interest

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

	Year Ended December 31,
	2023		2022		2021
Interest expense before capitalized interest	$	228,840	$	166,493	$	145,197
Interest on financing leases	4,446		4,555		5,448
Interest capitalized	(95,980)		(82,444)		(78,365)
Amortization of discount on assumed debt	2,842		1,855		—
Interest income	(3,034)		(986)		(1,389)
Interest expense, net	$	137,114	$	89,473	$	70,891