Corporate Indebtedness (Tables)

12 Months Ended

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

	December 31, 2024				December 31, 2023
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	—		(103)		(205)
	$	100,000	$	99,897	$	99,795

(1)Interest rate as of December 31, 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 December 31, 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		Company's Share of Joint Venture Debt
2025	—		373,551		—		—		—		100,000		$	473,551	1,198,400
2026	—		190,148		—		100,000		—		—		290,148		936,639
2027	—		910,000		320,000		1,050,000		—		—		2,280,000		1,710,229
2028	—		205,000		—		—		—		—		205,000		382,294
2029	—		—		—		—		—		—		—		—
Thereafter	—		272,325		—		—		100,000		—		372,325		1,800,300
Total	$	—	$	1,951,024	$	320,000	$	1,150,000	$	100,000	$	100,000	$	3,621,024	$	6,027,862

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,
	2024		2023		2022
Interest expense before capitalized interest	$	196,334	$	228,840	$	166,493
Interest on financing leases	4,502		4,446		4,555
Capitalized interest	(50,148)		(95,980)		(82,444)
Amortization of discount on assumed debt	494		2,842		1,855
Interest income	(3,962)		(3,034)		(986)
Interest expense, net	$	147,220	$	137,114	$	89,473