Fair Value (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The fair value of the Company's debt was as follows (in thousands):

	March 31, 2023				December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior Notes, net	$	989,899	$	883,195	$	989,307	$	853,895
Revolver and Term Loans, net	821,681		816,018		820,536		812,604
Mortgage loans, net	407,704		387,527		407,712		388,839
Debt, net	$	2,219,284	$	2,086,740	$	2,217,555	$	2,055,338

Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 (in thousands):

	Fair Value at March 31, 2023
	Level 1		Level 2		Level 3		Total
Interest rate swap asset	$	—	$	37,791	$	—	$	37,791
Total	$	—	$	37,791	$	—	$	37,791

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 (in thousands):

	Fair Value at December 31, 2022
	Level 1		Level 2		Level 3		Total
Interest rate swap asset	$	—	$	44,688	$	—	$	44,688
Total	$	—	$	44,688	$	—	$	44,688