Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023:
Assets:
Mortgages and notes receivable, at fair value (1)	$	9,783	$	—	$	9,783
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,056		2,056		—
Total Assets	$	11,839	$	2,056	$	9,783
Noncontrolling Interests in the Operating Partnership	$	44,452	$	44,452	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,794,265	$	—	$	2,794,265
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,056		2,056		—
Total Liabilities	$	2,796,321	$	2,056	$	2,794,265

Fair Value as of December 31, 2022:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,051	$	—	$	1,051
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,564		2,564		—
Total Assets	$	3,615	$	2,564	$	1,051
Noncontrolling Interests in the Operating Partnership	$	65,977	$	65,977	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,832,973	$	—	$	2,832,973
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,564		2,564		—
Total Liabilities	$	2,835,537	$	2,564	$	2,832,973

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(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022.