Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company had the following mortgages and notes payable outstanding as of June 30, 2023 and December 31, 2022:

	June 30, 2023		December 31, 2022
Mortgages and notes payable	$	67,260	$	73,154
Unamortized debt issuance costs	(907)		(1,051)
Mortgage notes payable, net	$	66,353	$	72,103

Debt Instrument Redemption

The Company had the following senior notes outstanding as of June 30, 2023 and December 31, 2022:

Issue Date	June 30, 2023		December 31, 2022		Interest Rate		Maturity Date	Issue Price
August 2021	$	400,000	$	400,000	2.375	%	October 2031	99.758	%
August 2020	400,000		400,000		2.70	%	September 2030	99.233	%
May 2014	198,932		198,932		4.40	%	June 2024	99.883	%
	998,932		998,932
Unamortized debt discount	(3,016)		(3,228)
Unamortized debt issuance costs	(5,939)		(6,409)
Senior notes payable, net	$	989,977	$	989,295

Schedule of Line of Credit Facilities

The maturity dates and interest rates as of June 30, 2023, are as follows:

	Maturity Date	Interest Rate
$600,000 Revolving Credit Facility(1)	July 2026	SOFR + 0.85%
$300,000 Term Loan(2)	January 2025	Term SOFR + 1.00%

(1)    Maturity date of the revolving credit facility can be extended to July 2027, subject to certain conditions. The interest rate ranges from 0.725% to 1.400%, and the revolving credit facility allows for further reductions upon the achievement of to-be-determined sustainability metrics. At June 30, 2023, the Company had no borrowings outstanding and availability of $600,000, subject to covenant compliance.

(2)    The Term SOFR portion of the interest rate was swapped to obtain a current fixed rate of 2.722% per annum. The aggregate unamortized debt issuance costs for the term loan was $791 and $1,041 as of June 30, 2023 and December 31, 2022, respectively.