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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Liabilities The following table reflects a detail of the Company’s “Accrued expenses and other liabilities” balances as of December 31, 2025 and 2024 (dollars in thousands):

 

 

December 31, 2025

 

 

December 31, 2024

 

Accrued dividends payable

 

$

183,324

 

 

$

181,738

 

Accrued real estate taxes

 

 

142,803

 

 

 

139,970

 

 Unearned income

 

 

66,139

 

 

 

64,626

 

 Accrued legal and litigation

 

 

62,543

 

 

 

11,070

 

 Accrued interest payable

 

 

40,734

 

 

 

35,125

 

 Accrued payroll

 

 

28,892

 

 

 

27,564

 

 Security deposits

 

 

28,144

 

 

 

27,565

 

 Accrued capital improvements in progress

 

 

25,914

 

 

 

32,903

 

Right-of-use lease liabilities

 

 

24,279

 

 

 

26,091

 

 General liability and workers compensation insurance

 

 

19,414

 

 

 

23,353

 

 Accounts payable, accrued expenses and other

 

 

108,180

 

 

 

113,743

 

Total

 

$

730,366

 

 

$

683,748