Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of fair value and carrying value of financial instruments

At June 30, 2023 and December 31, 2022, the fair values of our financial instruments approximated their carrying values in our condensed consolidated financial statements, due to their short term nature or floating interest rates, except as follows:


	As of June 30, 2023				As of December 31, 2022
Financial Instrument	Carrying Value (1)		Fair Value		Carrying Value (1)		Fair Value


Senior unsecured notes, 4.25% interest rate, due in 2024	$	348,004	$	330,082	$	346,863	$	331,601
Senior unsecured notes, 4.50% interest rate, due in 2025	644,542		561,672		642,818		589,388
Senior unsecured notes, 2.650% interest rate, due in 2026	298,151		221,097		297,839		232,770
Senior unsecured notes, 2.400% interest rate, due in 2027	347,776		235,344		347,466		256,606
Senior unsecured notes, 3.450% interest rate, due in 2031	396,396		210,204		396,178		268,004

Senior unsecured notes, 6.375% interest rate, due in 2050	156,807		79,704		156,711		113,075
Mortgage notes payable (2) (3)	106,365		111,230		49,917		49,099
Total	$	2,298,041	$	1,749,333	$	2,237,792	$	1,840,543

(1)Includes unamortized debt premiums, discounts and issuance costs totaling $22,079 and $24,208 as of June 30, 2023 and December 31, 2022, respectively.

(2)Balances as of December 31, 2022 include a mortgage note secured by one property with an outstanding principal balance of $50,000 that was repaid in June 2023.

(3)Balances as of June 30, 2023 include four mortgage notes issued during the six months ended June 30, 2023 with an aggregate outstanding principal balance of $108,120.