XML 73 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1
Mortgages and Notes Payable (Details)
12 Months Ended
Dec. 31, 2024
USD ($)
extension
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jan. 31, 2025
USD ($)
Dec. 31, 2019
Debt Instrument [Line Items]          
Mortgages and notes payable, net $ 3,293,559,000 $ 3,213,206,000      
Less-unamortized debt issuance costs (14,442,000) (17,739,000)      
Scheduled future principal payments [Abstract]          
2025 7,156,000        
2026 206,922,000        
2027 458,976,000        
2028 803,168,000        
2029 517,267,000        
Thereafter 1,314,512,000        
Less-unamortized debt issuance costs (14,442,000) (17,739,000)      
Mortgages and notes payable, net 3,293,559,000 3,213,206,000      
Gains/(losses) on debt extinguishment $ (173,000) (602,000) $ 0    
Lender covenant compliance to accelerate outstanding borrowings 51.00%        
Cross-default minimum threshold $ 35,000,000.0        
Holders covenant compliance of bonds 25.00%        
Uncured covenant compliance default period 60 days        
Maximum liquidity requirements 1 year        
Capitalized Interest [Abstract]          
Capitalized Interest $ 8,500,000 9,000,000.0 4,000,000.0    
Variable Interest Entity, Primary Beneficiary [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 44,325,000 $ 44,192,000      
Percentage of equity interest in consolidated affiliates         80.00%
Effective interest rate (in hundredths)   7.29%      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 44,325,000 $ 44,192,000      
Debt issuance costs   800,000      
Principal amount of debt   $ 45,000,000.0      
Term of debt instrument (in years)   5 years      
Floating to Fixed Interest Rate Swaps (2017) [Member]          
Scheduled future principal payments [Abstract]          
Amount of borrowings outstanding, subject to swaps $ 50,000,000.0        
Underlying treasury rate term (in years) 1 month        
Weighted average interest rate under derivative instruments (in hundredths) 1.693%        
2023 Forward Starting Swaps [Member]          
Scheduled future principal payments [Abstract]          
Amount of borrowings outstanding, subject to swaps   $ 200,000,000.0      
Underlying treasury rate term (in years)   10 years      
Weighted average interest rate under derivative instruments (in hundredths)   4.498%      
Gain on forward starting interest rate swaps   $ (500,000)      
5.69% Mortgage Loan due 2028 [Member]          
Debt Instrument [Line Items]          
Effective interest rate (in hundredths)   5.69%      
Scheduled future principal payments [Abstract]          
Debt issuance costs   $ 1,300,000      
Principal amount of debt   $ 200,000,000.0      
Term of debt instrument (in years)   5 years      
7.650% (7.836% effective rate) Notes due 2034 [Member]          
Debt Instrument [Line Items]          
Effective interest rate (in hundredths)   7.836%      
Scheduled future principal payments [Abstract]          
Debt issuance costs   $ 3,200,000      
Gains/(losses) on debt extinguishment   (600,000)      
Principal amount of debt   $ 350,000,000.0      
Stated interest rate (in hundredths)   7.65%      
Original issuance discount   $ 4,600,000      
Variable Rate Term Loan due 2026 [Member]          
Scheduled future principal payments [Abstract]          
Principal amount of debt     200,000,000.0    
Variable Rate Term Loan due 2027 [Member]          
Scheduled future principal payments [Abstract]          
Debt issuance costs     $ 2,700,000    
Temporary reduction in interest rate due to sustainability goals (in hundredths)     0.025%    
Principal amount of debt     $ 150,000,000.0    
Variable Rate Term Loan due 2027 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]          
Scheduled future principal payments [Abstract]          
Interest rate     SOFR    
Interest rate, basis spread (in hundredths)     0.95%    
Variable Rate Term Loan due 2027 [Member] | SOFR Related Spread Adjustment [Member]          
Scheduled future principal payments [Abstract]          
Interest rate, basis spread (in hundredths)     0.10%    
Variable Rate Term Loan due 2024 [Member]          
Scheduled future principal payments [Abstract]          
Temporary reduction in interest rate due to sustainability goals (in hundredths)     0.01%    
Principal amount of debt     $ 200,000,000.0    
Term of debt instrument (in years)     2 years    
Variable Rate Term Loan due 2024 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]          
Scheduled future principal payments [Abstract]          
Interest rate     SOFR    
Interest rate, basis spread (in hundredths)     0.95%    
Variable Rate Term Loan due 2024 [Member] | SOFR Related Spread Adjustment [Member]          
Scheduled future principal payments [Abstract]          
Interest rate, basis spread (in hundredths)     0.10%    
Revolving Credit Facility [Member]          
Scheduled future principal payments [Abstract]          
Maximum borrowing capacity on revolving credit facility $ 750,000,000.0        
Number of additional maturity extensions | extension 2        
Term of optional extension 6 months        
Annual facility fee (in hundredths) 0.20%        
Debt issuance costs $ 7,700,000        
Gains/(losses) on debt extinguishment $ 200,000        
Temporary reduction in interest rate due to sustainability goals (in hundredths) 0.025%        
Amount outstanding on revolving credit facility $ 104,000,000.0        
Outstanding letters of credit on revolving credit facility 100,000        
Unused borrowing capacity on revolving credit facility $ 645,900,000        
Revolving Credit Facility [Member] | Subsequent Event [Member]          
Scheduled future principal payments [Abstract]          
Amount outstanding on revolving credit facility       $ 119,000,000.0  
Outstanding letters of credit on revolving credit facility       100,000  
Unused borrowing capacity on revolving credit facility       $ 630,900,000  
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]          
Scheduled future principal payments [Abstract]          
Interest rate SOFR        
Interest rate, basis spread (in hundredths) 0.85%        
Revolving Credit Facility [Member] | SOFR Related Spread Adjustment [Member]          
Scheduled future principal payments [Abstract]          
Interest rate, basis spread (in hundredths) 0.10%        
3.625% (3.752% effective rate) Notes due 2023 [Member]          
Scheduled future principal payments [Abstract]          
Principal amount of debt     $ 250,000,000    
Stated interest rate (in hundredths)     3.625%    
Carrying Amount of Notes, Total          
Scheduled future principal payments [Abstract]          
Principal amount of debt $ 2,141,800,000        
Secured indebtedness [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 712,186,000 720,752,000      
Aggregate undepreciated book value of secured real estate assets 1,245,000,000        
Annual repayments through principal amortization 7,100,000        
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 712,186,000 720,752,000      
Secured indebtedness [Member] | 5.69% Mortgage Loan due 2028 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 200,000,000 200,000,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 200,000,000 200,000,000      
Secured indebtedness [Member] | 7.29% Mortgage Loan due 2028 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 44,965,000 45,000,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 44,965,000 45,000,000      
Secured indebtedness [Member] | 4.27% (3.61% effective rate) mortgage loan due 2028 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 107,584,000 110,391,000      
Unamortized premium 2,100,000 2,700,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 107,584,000 110,391,000      
Secured indebtedness [Member] | 4.0% Mortgage Loan Due 2029 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 84,712,000 87,003,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 84,712,000 87,003,000      
Secured indebtedness [Member] | 3.61% (3.19% effective rate) mortgage loan due 2029 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 84,054,000 84,360,000      
Unamortized premium 1,400,000 1,700,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 84,054,000 84,360,000      
Secured indebtedness [Member] | 3.40% (3.50% effective rate) mortgage loan due 2033 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 69,575,000 69,524,000      
Unamortized discount (400,000) (500,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 69,575,000 69,524,000      
Secured indebtedness [Member] | 4.60% (3.73% effective rate) mortgage loan due 2037 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 121,296,000 124,474,000      
Unamortized premium 8,000,000.0 8,600,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 121,296,000 124,474,000      
Unsecured indebtedness [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 2,595,815,000 2,510,193,000      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 2,595,815,000 2,510,193,000      
Unsecured indebtedness [Member] | 3.875% (4.038% effective rate) Notes due 2027 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 299,134,000 298,734,000      
Unamortized discount (900,000) (1,300,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 299,134,000 298,734,000      
Unsecured indebtedness [Member] | 4.125% (4.271% effective rate) Notes due 2028 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 348,690,000 348,276,000      
Unamortized discount (1,300,000) (1,700,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 348,690,000 348,276,000      
Unsecured indebtedness [Member] | 4.20% (4.234% effective rate) Notes due 2029 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 349,583,000 349,484,000      
Unamortized discount (400,000) (500,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 349,583,000 349,484,000      
Unsecured indebtedness [Member] | 3.050% (3.079% effective rate) Notes due 2030 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 399,498,000 399,400,000      
Unamortized discount (500,000) (600,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 399,498,000 399,400,000      
Unsecured indebtedness [Member] | 2.600% (2.645% effective rate) Notes due 2031 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 399,048,000 398,892,000      
Unamortized discount (1,000,000.0) (1,100,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 399,048,000 398,892,000      
Unsecured indebtedness [Member] | 7.650% (7.836% effective rate) Notes due 2034 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net 345,862,000 345,407,000      
Unamortized discount (4,100,000) (4,600,000)      
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net 345,862,000 345,407,000      
Unsecured indebtedness [Member] | Variable Rate Term Loan due 2026 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net $ 200,000,000 200,000,000      
Effective interest rate (in hundredths) 5.35%        
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net $ 200,000,000 200,000,000      
Unsecured indebtedness [Member] | Variable Rate Term Loan due 2027 [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net $ 150,000,000 150,000,000      
Effective interest rate (in hundredths) 5.35%        
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net $ 150,000,000 150,000,000      
Unsecured indebtedness [Member] | Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable, net $ 104,000,000 20,000,000      
Effective interest rate (in hundredths) 5.25%        
Scheduled future principal payments [Abstract]          
Mortgages and notes payable, net $ 104,000,000 $ 20,000,000