Corporate Indebtedness (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 and December 31, 2023, respectively, by scheduled maturity date (dollars in thousands):

Issuance	June 30, 2024 Unpaid Principal Balance		June 30, 2024 Accreted Balance		December 31, 2023 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	—		(154)		(205)
	$	100,000	$	99,846	$	99,795

(1)Interest rate as of June 30, 2024.

(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 June 30, 2024, including as-of-right extension options but excluding other 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 2024	$	1,501	$	272,750	$	—	$	200,000	$	—	$	—	$	474,251	$	1,432,137
2025	—		430,493		—		—		—		100,000		530,493		1,756,465
2026	—		190,148		—		—		—		—		190,148		362,120
2027	—		550,000		540,000		1,050,000		—		—		2,140,000		1,185,168
2028	—		205,000		—		—		—		—		205,000		—
Thereafter	—		—		—		—		100,000		—		100,000		2,130,300
	$	1,501	$	1,648,391	$	540,000	$	1,250,000	$	100,000	$	100,000	$	3,639,892	$	6,866,190

Schedule of Consolidated Interest Expense, Excluding Capitalized Interest

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest expense before capitalized interest	$	49,503	$	65,932	$	98,371	$	130,774
Interest on financing leases	1,124		1,110		2,244		2,216
Capitalized interest	(13,786)		(26,969)		(31,733)		(52,433)
Amortization of discount on assumed debt	164		1,355		164		2,842
Interest income	(1,202)		(807)		(2,070)		(1,125)
Interest expense, net	$	35,803	$	40,621	$	66,976	$	82,274