Debt (Tables)

9 Months Ended

Sep. 30, 2024

Long-term debt consists of the following.


(in thousands)	September 30, 2024		December 31, 2023
Fixed rate mortgage notes payable due 2026 through 2047; weighted average interest rate of 4.37% and 4.26% as of September 30, 2024 and December 31, 2023, respectively.	$	2,067,155	$	1,953,414
Variable rate mortgage notes payable due 2025 through 2030; weighted average interest rate of 7.53% and 7.74% as of September 30, 2024 and December 31, 2023, respectively	1,416,783		1,524,907
Convertible notes payable due October 2026; interest rate of 2.00% as of both September 30, 2024 and December 31, 2023	230,000		230,000
Tangible equity units senior amortizing notes due November 2025; interest rate of 10.25% as of both September 30, 2024 and December 31, 2023	11,666		17,990
Notes payable for insurance premium financing due 2024; interest rate of 7.40% as of September 30, 2024	5,872		—
Deferred financing costs, net	(25,454)		(28,998)
Total long-term debt	3,706,022		3,697,313
Current portion	51,525		41,463
Total long-term debt, less current portion	$	3,654,497	$	3,655,850

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details