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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt consists of the following.

December 31,
(in thousands)20232022
Fixed mortgage notes payable due 2025 through 2047; weighted average interest rate of 4.26% and 4.14%, as of December 31, 2023 and 2022, respectively.
$1,953,414 $2,055,867 
Variable mortgage notes payable due 2025 through 2030; weighted average interest rate of 7.74% and 6.68% as of December 31, 2023 and 2022, respectively.
1,524,907 1,568,555 
Convertible notes payable due October 2026; interest rate of 2.00% as of both December 31, 2023 and 2022.
230,000 230,000 
Tangible equity units senior amortizing notes due November 2025; interest rate of 10.25% as of both December 31, 2023 and 2022.
17,990 25,586 
Deferred financing costs, net(28,998)(29,866)
Total long-term debt3,697,313 3,850,142 
Current portion41,463 66,043 
Total long-term debt, less current portion$3,655,850 $3,784,099 
Schedule of Maturities
The annual aggregate scheduled maturities (including recurring principal payments) of long-term debt outstanding as of December 31, 2023 are as follows (in thousands).



Year Ending December 31,
Long-term
Debt
Weighted Rate
2024$49,485 6.46 %
2025 (1)
573,035 7.30 %
2026305,614 2.71 %
2027960,971 6.00 %
2028563,548 5.79 %
Thereafter1,273,658 5.03 %
Total obligations3,726,311 5.58 %
Less amount representing deferred financing costs, net(28,998)
Total$3,697,313 

(1)    Includes the initial maturity of $320.0 million of mortgage debt for which the Company has the option to extend the maturity for two additional terms of one year each subject to the satisfaction of certain conditions.