v3.26.1
SECURED AND UNSECURED DEBT, NET - Narrative (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Sep. 30, 2025
Secured Debt              
Percentage of secured debt which encumbers real estate owned based upon book value 10.00% 10.00%   10.00%      
Percentage of secured debt of real estate owned which is unencumbered 90.00% 90.00%   90.00%      
Payments on secured debt       $ 28,320 $ 3,231    
Outstanding balances $ 5,827,122 $ 5,827,122   5,827,122      
All-in weighted average interest rate             4.04%
3.00% Medium-Term Notes due August 2031              
Secured Debt              
Outstanding balances 600,000 600,000   600,000      
Interest rate risk $ 250,000 $ 250,000   $ 250,000      
All-in weighted average interest rate 3.01% 3.01%   3.01%      
5.125% Medium-Term Note due September 2034              
Secured Debt              
All-in weighted average interest rate 4.95% 4.95%   4.95%      
Unsecured Debt              
Secured Debt              
Outstanding balances $ 4,890,968 $ 4,890,968   $ 4,890,968      
Fixed Rate Debt | Mortgages loans              
Secured Debt              
Payments on secured debt $ 25,000            
Fixed Rate Debt | Mortgages loans | Minimum              
Secured Debt              
Notes payable maximum interest rates range 2.62% 2.62%   2.62%      
Fixed Rate Debt | Mortgages loans | Maximum              
Secured Debt              
Notes payable maximum interest rates range 4.39% 4.39%   4.39%      
Fixed Rate Debt | Unsecured Debt | 2.95% Medium-Term Note due September 2026              
Secured Debt              
Outstanding balances $ 300,000 $ 300,000   $ 300,000   $ 300,000  
Fixed Rate Debt | Unsecured Debt | 4.40% Medium-Term Notes due January 2029              
Secured Debt              
Principal outstanding 300,000 300,000   300,000      
Portion of medium term note subject to interest rate swaps $ 150,000 $ 150,000   $ 150,000      
All-in weighted average interest rate 4.27% 4.27%   4.27%      
Fixed Rate Debt | Unsecured Debt | 3.20% Medium-Term Notes due January 2030              
Secured Debt              
All-in weighted average interest rate 3.32% 3.32%   3.32%      
Fixed Rate Debt | Unsecured Debt | 3.10% senior unsecured notes due 2034              
Secured Debt              
All-in weighted average interest rate 3.13% 3.13%   3.13%      
Fixed Rate Debt | Debt Assumed As Part of Acquisition | Mortgages loans              
Secured Debt              
Amortization of debt discount (Premium)   $ 100 $ 300 $ 200 $ 500    
Unamortized net Premium (Discount) $ (700) (700)   (700)   $ (500)  
Variable Rate Debt | Tax-exempt secured notes payable | Mortgages loans              
Secured Debt              
Principal outstanding $ 27,000 $ 27,000   $ 27,000      
Variable Rate Debt | Tax-exempt secured notes payable | Mortgages loans              
Secured Debt              
Notes payable maximum interest rates range 2.56% 2.56%   2.56%