Notes Payable (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Components of Notes Payable

Notes payable consists of the following:

(in thousands)	December 31,
	2023			2022
Unsecured revolving lines of credit	$	588,000		$	313,775
2.35% Series E senior notes due in 2026		60,000			60,000
2.57% Series D senior notes due in 2028		40,000			40,000
6.25% Series F senior notes due in 2030		75,000			—
		763,000			413,775
Unamortized debt issuance cost		(25	)		(33	)
	$	762,975		$	413,742

Schedule of Future Minimum Payments under Unsecured Revolving Lines of Credit 2.35% Senior Notes, 2.57% Senior Notes and 6.25% Senior Notes

As of December 31, 2023, the future minimum payments under the unsecured revolving lines of credit, 2.35% Series E senior notes, 2.57% Series D senior notes and 6.25% Series F senior notes due in 2026, 2028 and 2030, respectively, are as follows:

(in thousands)
Year Ended December 31,
2024	$	—
2025		—
2026		60,000
2027		588,000
2028		40,000
Thereafter		75,000
	$	763,000

Schedule of Information Related to Lines of Credit

The following information relates to the lines of credit for each of the following periods:

(dollar amounts in thousands)	Year Ended December 31,
	2023			2022
Maximum amount outstanding	$	591,000		$	328,752
Average amount outstanding	$	541,635		$	276,399
Weighted average interest rate, during the period		6.63	%		3.29	%
Prime interest rate, end of period		8.50	%		7.50	%