Corporate Indebtedness (Tables)

9 Months Ended

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

Issuance	September 30, 2024 Unpaid Principal Balance		September 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	—		(128)		(205)
	$	100,000	$	99,872	$	99,795

(1)Interest rate as of September 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 September 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	$	—	$	272,750	$	—	$	200,000	$	—	$	—	$	472,750	$	473,597
2025	—		430,900		—		—		—		100,000		530,900		1,910,561
2026	—		190,148		—		—		—		—		190,148		923,620
2027	—		550,000		735,000		1,050,000		—		—		2,335,000		1,438,338
2028	—		205,000		—		—		—		—		205,000		—
Thereafter	—		—		—		—		100,000		—		100,000		2,130,300
	$	—	$	1,648,798	$	735,000	$	1,250,000	$	100,000	$	100,000	$	3,833,798	$	6,876,416

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,
	2024		2023		2024		2023
Interest expense before capitalized interest	$	51,342	$	52,877	$	149,713	$	183,652
Interest on financing leases	1,127		1,113		3,371		3,329
Capitalized interest	(9,492)		(25,483)		(41,226)		(77,916)
Amortization of discount on assumed debt	167		—		331		2,842
Interest income	(1,053)		(1,067)		(3,122)		(2,193)
Interest expense, net	$	42,091	$	27,440	$	109,067	$	109,714