Disclosure About Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests

The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:

			Level 1		Level 2
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs
Fair Value as of March 31, 2024:
Assets:
Mortgages and notes receivable, at fair value (1)	$	11,008	$	—	$	11,008
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	1,943		1,943		—
Total Assets	$	12,951	$	1,943	$	11,008
Noncontrolling Interests in the Operating Partnership	$	56,324	$	56,324	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,994,752	$	—	$	2,994,752
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	1,943		1,943		—
Total Liabilities	$	2,996,695	$	1,943	$	2,994,752

Fair Value as of December 31, 2023:
Assets:
Mortgages and notes receivable, at fair value (1)	$	4,795	$	—	$	4,795
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,294		2,294		—
Total Assets	$	7,089	$	2,294	$	4,795
Noncontrolling Interests in the Operating Partnership	$	49,520	$	49,520	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,927,330	$	—	$	2,927,330
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,294		2,294		—
Total Liabilities	$	2,929,624	$	2,294	$	2,927,330

__________

(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023.