v3.25.1
FAIR VALUE DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Face Value, Carrying Amounts and Fair Value
The following were the face values, carrying amounts and fair values of the Company’s notes payable as of March 31, 2025 and December 31, 2024, which carrying amounts generally do not approximate the fair values (in thousands):
 March 31, 2025December 31, 2024
 Face ValueCarrying AmountFair ValueFace ValueCarrying AmountFair Value
Financial liabilities:
Notes payable$1,468,122 $1,447,912 $1,456,682 $1,451,063 $1,442,661 $1,442,777 
Schedule of Fair Value, Assets Measured on Recurring and Nonrecurring Basis
As of March 31, 2025, the Company measured the following assets and liabilities at fair value (in thousands):
  Fair Value Measurements Using
 TotalQuoted Prices in
Active Markets 
for Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
Recurring Basis:
Real estate equity securities$35,377 $35,377 $— $— 
Asset derivatives - interest rate swaps$6,099 $— $6,099 $— 
Liability derivatives - interest rate swaps$(113)$— $(113)$—