Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of certain of the entity's assets carried at fair value, categorized by the level of inputs used in the valuation of each asset

The table below presents certain of our assets carried at fair value at March 31, 2024, categorized by the level of inputs, as defined in the fair value hierarchy under GAAP, used in the valuation of each asset.


			Fair Value at Reporting Date Using
Description	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Non-recurring Fair Value Measurement Assets:
Assets of properties held for sale (1)	$	1,863	$	—	$	—	$	1,863

(1)We recorded a loss on asset impairment of $2,451 during the three months ended March 31, 2024, to reduce the carrying value of five net lease properties in our condensed consolidated balance sheet to their estimated fair value less costs to sell based on brokers’ opinion of values (Level 3 inputs as defined in the fair value hierarchy under GAAP).

Schedule of fair value of additional financial instruments

At March 31, 2024 and December 31, 2023, the fair values of these financial instruments approximated their carrying values in our condensed consolidated balance sheets due to their short-term nature or floating interest rates, except as follows:


	March 31, 2024				December 31, 2023
	Carrying Value (1)		Fair Value		Carrying Value (1)		Fair Value



Senior Unsecured Notes, due 2025 at 4.50%	$	349,353	$	341,950	$	349,181	$	341,688
Senior Unsecured Notes, due 2025 at 7.50%	796,591		810,784		796,007		808,888
Senior Unsecured Notes, due 2026 at 5.25%	347,883		338,587		347,601		339,780
Senior Unsecured Notes, due 2026 at 4.75%	448,499		419,436		448,347		419,909
Senior Unsecured Notes, due 2027 at 4.95%	397,861		369,984		397,672		362,108
Senior Unsecured Notes, due 2027 at 5.50%	445,913		428,958		445,631		412,002
Net Lease Mortgage Notes, due 2028 at 5.60%	561,349		580,423		558,876		585,784
Senior Unsecured Notes, due 2028 at 3.95%	395,643		342,336		395,355		327,708
Senior Unsecured Notes, due 2029 at 4.95%	420,675		347,935		420,477		351,726
Senior Unsecured Notes, due 2030 at 4.375%	393,339		305,332		393,056		310,524
Senior Secured Notes, due 2031 at 8.625%	969,039		1,066,440		968,017		1,047,430
Total financial liabilities	$	5,526,145	$	5,352,165	$	5,520,220	$	5,307,547

(1)Carrying value includes unamortized discounts, premiums and certain debt issuance costs.