Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth our assets and liabilities that are measured at fair value within the fair value hierarchy (in thousands):


			Level 1		Level 2		Level 3
			Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
	Total
Fair value as of March 31, 2025:
Assets:
Interest rate swaps (prepaids and other assets)	$	705	—		$	705	$	—
Total assets	$	705	$	—	$	705	$	—

Liabilities:
Interest rate swaps (other liabilities)	$	(1,706)	$	—	$	(1,706)	$	—
Total liabilities	$	(1,706)	$	—	$	(1,706)	$	—


			Level 1		Level 2		Level 3
			Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
	Total
Fair value as of December 31, 2024:
Asset:
Interest rate swaps (prepaids and other assets)	$	1,288	$	—	$	1,288	$	—
Total assets	$	1,288	$	—	$	1,288	$	—

Liabilities:
Interest rate swaps (other liabilities)	$	(968)	$	—	$	(968)	$	—
Total liabilities	$	(968)	$	—	$	(968)	$	—

Assets Measured at Fair Value on a Non-Recurring Basis

The following table sets forth our assets that are measured at fair value on a nonrecurring basis within the fair value hierarchy (in thousands):


			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair value as of March 31, 2025:
Asset:
Long-lived assets	$	—	$	—	$	16,628	$	—

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The estimated fair value within the fair value hierarchy and recorded value of our debt consisting of senior unsecured notes, unsecured term loans, secured mortgages and unsecured lines of credit were as follows (in thousands):


	March 31, 2025		December 31, 2024
Level 1 Quoted Prices in Active Markets for Identical Assets or Liabilities	$	—	$	—
Level 2 Significant Observable Inputs	979,839		961,783
Level 3 Significant Unobservable Inputs	522,446		387,048
Total fair value of debt	$	1,502,285	$	1,348,831

Recorded value of debt	$	1,563,090	$	1,423,759