The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:


			Level 1		Level 2
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs
Fair Value as of June 30, 2026:
Assets:
Mortgages and notes receivable, at fair value (1)	$	12,228	$	—	$	12,228

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	849		849		—



Total Assets	$	13,077	$	849	$	12,228
Noncontrolling Interests in the Operating Partnership	$	60,840	$	60,840	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	3,414,212	$	—	$	3,414,212

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	849		849		—


Total Liabilities	$	3,415,061	$	849	$	3,414,212


Fair Value as of December 31, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)	$	12,228	$	—	$	12,228

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	1,396		1,396		—


Total Assets	$	13,624	$	1,396	$	12,228
Noncontrolling Interests in the Operating Partnership	$	52,777	$	52,777	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	3,471,003	$	—	$	3,471,003

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	1,396		1,396		—


Total Liabilities	$	3,472,399	$	1,396	$	3,471,003