XML 56 R44.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Long-term Debt $ 4,365,390 $ 4,153,949
Line of Credit [1] $ 310,000 152,000
Fixed Rate Mortgage Loans [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Maturity Date Jun. 01, 2037  
Debt, Weighted Average Contractual Interest Rate 3.90%  
Debt, Weighted Average Effective Interest Rate 4.40%  
Long-term Debt $ 358,158 449,615
Unsecured Debt [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Maturity Date Mar. 15, 2049  
Debt, Weighted Average Contractual Interest Rate 4.00%  
Debt, Weighted Average Effective Interest Rate 4.20%  
Long-term Debt $ 3,400,032 3,252,755
Notes Payable to Banks [Member]    
Debt Instrument [Line Items]    
Long-term Debt $ 4,055,390 4,001,949
Line of Credit [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Maturity Date [2] Mar. 23, 2028  
Debt, Weighted Average Contractual Interest Rate [2] 6.20%  
Debt, Weighted Average Effective Interest Rate [2] 6.50%  
Long-term Debt [2] $ 310,000 152,000
SOFR [Member] | Variable Rate Mortgage Loans [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Maturity Date [3] Jan. 31, 2032  
Debt, Weighted Average Contractual Interest Rate [3] 4.20%  
Debt, Weighted Average Effective Interest Rate [3] 4.20%  
Long-term Debt [3] $ 297,200 $ 299,579
[1] The carrying amounts approximated its fair values due to the variable nature of the terms.
[2] The Company has the option to extend the maturity date by two additional six-month periods. Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate.
[3] As of June 30, 2024, 98.2% of the variable rate mortgage loans are fixed through interest rate swaps.