v3.25.4
Fair Value Measurements and Disclosures (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of the Company's Deferred Compensation Plan Assets The following table sets forth the fair value of our Deferred Compensation Plan:
Fair Value (Level 1) (1)
December 31, 2025December 31, 2024
Description(in thousands)
Deferred Compensation Plan assets (2)
$30,807 $27,965 
____________________
(1)Based on quoted prices in active markets for identical securities.
(2)The Deferred Compensation Plan assets are held in a limited rabbi trust.
Schedule of Carrying Value and Fair Value of Other Financial Instruments
The following table sets forth the carrying value and the fair value of our other financial instruments: 

December 31, 2025December 31, 2024
Carrying Value
Fair Value
Carrying Value
Fair Value
(in thousands)
Liabilities
Secured debt, net$592,685 $587,244 $598,199 $569,061 
Unsecured debt, net$3,996,774 $3,834,485 $3,999,566 $3,681,914 

Fair value is calculated using Level 2 inputs, which are based on model-derived valuations in which significant inputs and significant value drivers are observable in active markets.