v3.25.4
Fair Value
12 Months Ended
Dec. 31, 2025
Fair Value.  
Fair Value

(10) Fair Value

The carrying values of restricted cash, accounts receivable and accounts payable as of December 31, 2024 and 2025 approximated fair value because of their short-term nature. The carrying values of the amounts outstanding under the Unsecured Credit Facility as of December 31, 2024 and 2025 approximated fair value because the variable interest rates are reflective of current market conditions.

The following table sets forth the fair value and carrying value of the Senior Notes (in thousands):

December 31, 2024

December 31, 2025

  ​ ​

Fair

  ​ ​

Carrying

  ​ ​

Fair

  ​ ​

Carrying

Value (1)

Value (2)

Value (1)

Value (2)

2026 Notes

$

98,924

96,599

2029 Notes

417,211

404,055

370,431

363,204

2030 Notes

579,660

595,376

607,500

596,172

Total

$

1,095,795

1,096,030

977,931

959,376

(1)Fair values are based on Level 2 market data inputs.
(2)Carrying values are presented net of unamortized debt issuance costs.

See Note 9—Equity-Based Compensation for information regarding the fair value of equity based awards. See Note 11—Derivative Instruments for information regarding the fair value of derivative financial instruments.