In May 2024, the Company entered into an amendment to extend its unsecured line of credit with borrowing capacity of approximately $1.6 billion for two years, at which time the Company may request an additional one-year extension thereafter. Interest under the unsecured line of credit is determined based on one-month U.S. dollar-denominated SOFR plus 2.5%. The repayment of the unsecured line of credit is guaranteed by the Company. Please refer to Note 6 — “Mortgage Notes and Secured Credit Facilities” for management’s plans to address the upcoming debt maturity.

As of March 31, 2026 and December 31, 2025, there were approximately $1.5 billion and $1.4 billion of borrowings outstanding on the unsecured line of credit, respectively.