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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets Measured at Fair Value

The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheet as of the date set forth below, based on their levels in the fair value hierarchy.

 

 

As of December 31, 2024

 

(Amounts in thousands)

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Interest rate cap assets (included in "other assets")

$

3,650

 

 

$

-

 

 

$

3,650

 

 

$

-

 

Total assets

$

3,650

 

 

$

-

 

 

$

3,650

 

 

$

-

 

 

Summary of Carrying Amounts and Fair Value of Financial Instruments The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below.

 

 

As of September 30, 2025

 

 

As of December 31, 2024

 

(Amounts in thousands)

Carrying
Amount

 

 

Fair
Value

 

 

Carrying
Amount

 

 

Fair
Value

 

Notes and mortgages payable

$

3,732,050

 

 

$

3,554,506

 

 

$

3,692,050

 

 

$

3,412,126

 

Total liabilities

$

3,732,050

 

 

$

3,554,506

 

 

$

3,692,050

 

 

$

3,412,126