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Fair Value Measurements and Disclosures
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Disclosures Fair Value Measurements and Disclosures
Assets and Liabilities Reported at Fair Value

The only assets we record at fair value on our consolidated financial statements are the marketable securities related to our Deferred Compensation Plan. The following table sets forth the fair value of our marketable securities as of March 31, 2023 and December 31, 2022:
Fair Value (Level 1) (1)
March 31, 2023December 31, 2022
Description(in thousands)
Marketable securities (2)
$23,288 $23,547 
________________________
(1)    Based on quoted prices in active markets for identical securities.
(2)    The marketable securities are held in a limited rabbi trust.

Financial Instruments Disclosed at Fair Value

The following table sets forth the carrying value and the fair value of our other financial instruments as of March 31, 2023 and December 31, 2022:
March 31, 2023December 31, 2022
Carrying
Value
Fair
Value
(1)
Carrying
Value
Fair
Value
(1)
(in thousands)
Liabilities
Secured debt, net $241,547 $229,667 $242,938 $225,847 
Unsecured debt, net $4,171,029 $3,414,708 $4,020,058 $3,500,420 
________________________
(1)Fair value calculated using Level 2 inputs, which are based on model-derived valuations in which significant inputs and significant value drivers are observable in active markets.