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Indebtedness (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Summary of Indebtedness
The following table discloses certain information regarding our indebtedness: 
 Outstanding Balance at
Interest
Rate at
June 30, 2024
Effective
Interest
Rate at
Issuance		Maturity
Date
 June 30, 2024December 31, 2023
Mortgage Loan Payable$9,812 $9,978 4.17%4.17%8/1/2028
Senior Unsecured Notes, Gross
2027 Notes6,070 6,070 7.15%7.11%5/15/2027
2028 Notes31,901 31,901 7.60%8.13%7/15/2028
2032 Notes10,600 10,600 7.75%7.87%4/15/2032
2027 Private Placement Notes125,000 125,000 4.30%4.30%4/20/2027
2028 Private Placement Notes150,000 150,000 3.86%3.86%2/15/2028
2029 Private Placement Notes75,000 75,000 4.40%4.40%4/20/2029
2029 II Private Placement Notes150,000 150,000 3.97%4.23%7/23/2029
2030 Private Placement Notes150,000 150,000 3.96%3.96%2/15/2030
2030 II Private Placement Notes100,000 100,000 2.74%2.74%9/17/2030
2032 Private Placement Notes200,000 200,000 2.84%2.84%9/17/2032
Subtotal$998,571 $998,571 
Unamortized Debt Issuance Costs(3,705)(4,062)
Unamortized Discounts(43)(46)
Senior Unsecured Notes, Net$994,823 $994,463 
Unsecured Term Loans, Gross
2021 Unsecured Term Loan (A)
200,000 200,000 1.82%N/A7/7/2026
2022 Unsecured Term Loan (A)
425,000 425,000 3.64%N/A10/18/2027
2022 Unsecured Term Loan II (A)(B)
300,000 300,000 4.88%N/A8/12/2025
Subtotal$925,000 $925,000 
Unamortized Debt Issuance Costs(3,330)(4,137)
Unsecured Term Loans, Net
$921,670 $920,863 
Unsecured Credit Facility (C)
$299,000 $299,000 6.19%N/A7/7/2025
_______________
(A) The interest rate at June 30, 2024 includes the impact of derivative instruments which effectively convert the variable rate of the debt to a fixed rate. See Note 10.
(B) At our option, we may extend the maturity pursuant to two, one-year extension options, subject to certain conditions.
(C) At our option, we may extend the maturity pursuant to two, six-month extension options, subject to certain conditions. Amounts exclude unamortized debt issuance costs of $1,372 and $2,036 as of June 30, 2024 and December 31, 2023, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net.
Schedule of Maturities
The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of discounts, debt issuance costs and the impact of extension options, for the next five years as of June 30, and thereafter: 
 Amount
Remainder of 2024
$168 
2025
599,349 
2026
200,364 
2027
556,449 
2028
190,453 
Thereafter685,600 
Total$2,232,383 
Summary of Indebtedness at Estimated Fair Value
At June 30, 2024 and December 31, 2023, the fair value of our indebtedness was as follows: 
 June 30, 2024December 31, 2023
 
Carrying
Amount (A)
Fair
Value
Carrying
Amount (A)
Fair
Value
Mortgage Loan Payable$9,812 $9,452 $9,978 $9,666 
Senior Unsecured Notes, Net998,528 899,419 998,525 902,042 
Unsecured Term Loans925,000 925,000 925,000 925,000 
Unsecured Credit Facility299,000 299,000 299,000 299,000 
Total$2,232,340 $2,132,871 $2,232,503 $2,135,708 
_______________
(A) The carrying amounts include unamortized discounts and exclude unamortized debt issuance costs.