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Mortgages Payable
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Mortgages Payable Mortgages Payable
During the year ended December 31, 2024, we made $740.5 million in principal payments, including the full repayment of five mortgages for $735.9 million. No mortgages were assumed during the year ended December 31, 2024.
Our mortgages contain customary covenants, such as limiting our ability to further mortgage each applicable property or to discontinue insurance coverage without the prior consent of the lender. At December 31, 2024, we were in compliance with these covenants.
The following table summarizes our mortgages payable as of December 31, 2024 and December 31, 2023 (dollars in millions):

As Of
Number of
Properties (1)
Weighted
Average
Stated
Interest
Rate
Weighted
Average
Effective
Interest
Rate
Weighted
Average
Remaining
Years Until
Maturity		Remaining
Principal
Balance
Unamortized
Discount
and Deferred
Financing Costs
Balance, net
Mortgage
Payable
Balance
December 31, 2024174.0 %4.5 %1.4$81.3 $(0.5)$80.8 
December 31, 20231314.8 %3.3 %0.4$822.4 $(0.8)$821.6 
(1)At December 31, 2024, there were 11 mortgages on 17 properties and at December 31, 2023, there were 16 mortgages on 131 properties. With the exception of one GBP-denominated mortgage which is paid quarterly, the mortgages require monthly payments with principal payments due at maturity. At December 31, 2024 and December 31, 2023, all mortgages were at fixed interest rates.
The following table summarizes the maturity of mortgages payable as of December 31, 2024, excluding $0.5 million related to unamortized net premiums and discounts and deferred financing costs (dollars in millions):
Year of Maturity
Principal
2025$43.4
202612.0
202722.3
20281.3
20291.3
Thereafter1.0
Total
$81.3