v3.26.3
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Borrowings
The following is a summary of borrowings as of September 30, 2026 and December 31, 2025 (in thousands):
September 30, 2026December 31, 2025
Carrying Amount(1)
Fair Value
Carrying Amount(1)
Fair Value
Revolving credit facility$225,000 $226,276 $92,000 $92,445 
Term loans161,712 162,520 483,415 485,508 
Senior unsecured notes due 2031345,727 300,475 345,157 313,817 
Senior unsecured notes due 2032346,862 338,380 346,529 357,868 
Senior unsecured notes due 2033346,746 325,465 — — 
Senior unsecured notes due 2034343,075 340,445 342,564 366,377 
Senior unsecured notes due 2035342,638 321,720 342,117 345,356 
Secured portfolio loan facilities380,778 356,906 393,012 370,922 
Mortgages(2)
28,916 27,847 30,534 29,621 
Total$2,521,454 $2,400,034 $2,375,328 $2,361,914 
(1)As of September 30, 2026 and December 31, 2025, respectively, carrying amounts include principal balances and: (i) net deferred financing fees of $1.6 million and $3.4 million; (ii) assumed market debt adjustments of $0.2 million and $0.3 million; and (iii) notes payable discounts of $25.0 million and $23.6 million.
(2)Our finance lease liability is included in the mortgages line item, as presented.
Schedule of Recurring and Nonrecurring Fair Value Fair value measurements that occurred as of and during the nine months ended September 30, 2026 and the year ended December 31, 2025 were as follows (in thousands):
September 30, 2026December 31, 2025
Level 1Level 2Level 3Level 1Level 2Level 3
Recurring
Marketable securities(1)
$20,853 $— $— $16,355 $— $— 
Derivative asset(1)
— — — — 177 — 
(1)We record marketable securities and derivative assets in Other Assets, Net on our consolidated balance sheets.