SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Summary of Senior Notes Payable and Other Debt

The following is a summary of our senior notes payable and other debt (dollars in thousands):

	As of September 30, 2024		As of December 31, 2023
Unsecured revolving credit facility (1)(2)	$	7,922	$	14,006
Commercial paper notes	—		—
3.50% Senior Notes due 2024	—		400,000
3.75% Senior Notes due 2024	—		400,000
4.125% Senior Notes, Series B due 2024 (2)	—		123,256
2.80% Senior Notes, Series E due 2024 (2)	—		55,143
Unsecured term loan due 2025 (2)	—		377,501
2.65% Senior Notes due 2025	450,000		450,000
3.50% Senior Notes due 2025	600,000		600,000
4.125% Senior Notes due 2026	500,000		500,000
3.75% Exchangeable Senior Notes due 2026	862,500		862,500
3.25% Senior Notes due 2026	450,000		450,000
Unsecured term loan due February 2027	200,000		200,000
Unsecured term loan due June 2027	500,000		500,000
2.45% Senior Notes, Series G due 2027 (2)	351,227		358,626
3.85% Senior Notes due 2027	400,000		400,000
4.00% Senior Notes due 2028	650,000		650,000
5.398% Senior Notes, Series I due 2028 (2)	443,656		453,001
4.40% Senior Notes due 2029	750,000		750,000
5.10% Senior Notes, Series J due 2029 (2)	480,627		—
3.00% Senior Notes due 2030	650,000		650,000
4.75% Senior Notes due 2030	500,000		500,000
2.50% Senior Notes due 2031	500,000		500,000
3.30% Senior Notes, Series H due 2031 (2)	221,828		226,501
5.625% Senior Note due 2034	500,000		—
5.00% Senior Notes due 2035	550,000		—
6.90% Senior Notes due 2037 (3)	52,400		52,400
6.59% Senior Notes due 2038 (3)	21,413		21,413
5.70% Senior Notes due 2043	300,000		300,000
4.375% Senior Notes due 2045	300,000		300,000
4.875% Senior Notes due 2049	300,000		300,000
Mortgage loans and other	3,230,447		3,174,251
Total	13,772,020		13,568,598
Deferred financing costs, net	(98,717)		(84,034)
Unamortized fair value adjustment	12,086		17,081
Unamortized discounts	(16,518)		(10,749)
Senior notes payable and other debt	$	13,668,871	$	13,490,896

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(1)As of September 30, 2024 and December 31, 2023, aggregate Canadian Dollar borrowings of C$8.0 million ($5.9 million) and zero were outstanding. As of September 30, 2024 and December 31, 2023, aggregate British Pound borrowings of £1.5 million ($2.0 million) and £11.0 million ($14.0 million) were outstanding, respectively.

(2)British Pound and Canadian Dollar debt obligations shown in US Dollars.

(3)Our 6.90% Senior Notes due 2037 are subject to repurchase at the option of the holders, at par, on October 1, 2027, and our 6.59% Senior Notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7, 2028.

Scheduled Maturities of Borrowing Arrangements and Other Provisions Excluding Capital Lease Obligations

As of September 30, 2024, our indebtedness had the following maturities (dollars in thousands):

	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes		Scheduled Periodic Amortization		Total Maturities
2024	$	42,528	$	—	$	14,484	$	57,012
2025	1,772,771		—		49,211		1,821,982
2026	2,034,264		—		43,140		2,077,404
2027	1,574,590		—		43,318		1,617,908
2028	1,485,324		7,922		36,295		1,529,541
Thereafter	6,537,767		—		130,406		6,668,173
Total maturities	$	13,447,244	$	7,922	$	316,854	$	13,772,020