Debt Guaranteed by the Company (Tables)

3 Months Ended

Mar. 31, 2024

The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands):


	As of
	March 31, 2024		December 31, 2023
Unsecured lines of credit	$	46,000	$	13,000
Unsecured term loan	$	325,000	$	325,000

The debt of the Operating Partnership consisted of the following (in thousands):


						As of				As of
						March 31, 2024				December 31, 2023
	Stated Interest Rate(s)				Maturity Date	Principal		Book Value(1)		Principal		Book Value(1)
Senior, unsecured notes:


Senior notes	3.125%				September 2026	$	350,000	$	348,613	$	350,000	$	348,467
Senior notes	3.875%				July 2027	300,000		298,649		300,000		298,546
Senior notes	2.750%				September 2031	400,000		393,048		400,000		392,827

Unsecured term loan	Adj SOFR		+	0.95%	January 2027	325,000		322,537		325,000		322,322

Mortgages payable:
Atlantic City (2) (3)	6.44	%	-	7.65%	December 2024- December 2026	11,088		11,320		12,336		12,613
Southaven	Adj SOFR		+	2.00%	October 2026	51,700		51,452		51,700		51,428

Unsecured lines of credit (4)	Adj SOFR		+	1.00%	July 2025	46,000		46,000		13,000		13,000
Total						$	1,483,788	$	1,471,619	$	1,452,036	$	1,439,203

(1)Includes premiums, discounts and unamortized debt origination costs. These costs were $12.2 million and $12.8 million as of March 31, 2024 and December 31, 2023, respectively. This excludes $1.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended March 31, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet.

(2)The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%.

(3)Principal and interest due monthly with remaining principal due at maturity.

(4)See Note 18 to the consolidated financial statements for further details of our unsecured lines of credit.