FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Financial Instruments with Fair Values Different from their Carrying Amount

The following are financial instruments for which the Company’s estimates of fair value differ from the carrying amounts (in thousands):


	June 30, 2026				December 31, 2025
	Carrying Amount (a)		Fair Value		Carrying Amount (a)		Fair Value
Unsecured notes payable	$	1,995,543	$	1,996,930	$	1,994,784	$	2,027,570
Variable rate debt	564,138		554,384		506,014		501,541
Fixed rate debt	57,324		57,065		56,066		58,935

(a)Net of deferred financing costs of $11.3 million and $13.0 million for unsecured notes payable, $0.4 million and $0.6 million for variable rate debt and $3.1 million and $1.3 million for secured fixed rate debt as of June 30, 2026 and December 31, 2025.