v3.26.3
SECURED AND UNSECURED DEBT, NET - Narrative (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Jun. 30, 2026
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Secured Debt            
Percentage of secured debt which encumbers real estate owned based upon book value   10.00%   10.00%    
Percentage of secured debt of real estate owned which is unencumbered   90.00%   90.00%    
Payments on secured debt       $ 29,972 $ 49,088  
Outstanding balances   $ 5,769,061   5,769,061    
Repayments of unsecured debt       300,000    
All-in weighted average interest rate     4.04%   4.04%  
3.00% Medium-Term Notes due August 2031            
Secured Debt            
Outstanding balances   600,000   600,000    
Interest rate risk   $ 250,000   $ 250,000    
All-in weighted average interest rate   3.01%   3.01%    
5.125% Medium-Term Note due September 2034            
Secured Debt            
All-in weighted average interest rate   4.95%   4.95%    
Unsecured Debt            
Secured Debt            
Outstanding balances   $ 4,834,558   $ 4,834,558    
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%    
Fixed Rate Debt | Mortgages loans | Maximum            
Secured Debt            
Notes payable maximum interest rates range   4.39%   4.39%    
Fixed Rate Debt | Unsecured Debt | 2.95% Medium-Term Note due September 2026            
Secured Debt            
Outstanding balances           $ 300,000
Repayments of unsecured debt       $ 300,000    
Interest rate of medium-term notes   2.95%   2.95%   2.95%
Fixed Rate Debt | Unsecured Debt | 3.50% Medium-Term Note due July 2027            
Secured Debt            
Interest rate of medium-term notes   3.50%   3.50%   3.50%
Fixed Rate Debt | Unsecured Debt | 4.40% Medium-Term Notes due January 2029            
Secured Debt            
Principal outstanding   $ 300,000   $ 300,000    
Interest rate of medium-term notes   4.40%   4.40%   4.40%
Portion of medium term note subject to interest rate swaps   $ 150,000   $ 150,000    
All-in weighted average interest rate   4.27%   4.27%    
Fixed Rate Debt | Unsecured Debt | 3.20% Medium-Term Notes due January 2030            
Secured Debt            
Interest rate of medium-term notes   3.20%   3.20%   3.20%
All-in weighted average interest rate   3.32%   3.32%    
Fixed Rate Debt | Unsecured Debt | 3.00% Medium-Term Notes due August 2031            
Secured Debt            
Interest rate of medium-term notes   3.00%   3.00%   3.00%
Fixed Rate Debt | Unsecured Debt | 5.125% Medium-Term Note due September 2034            
Secured Debt            
Interest rate of medium-term notes   5.125%   5.125%   5.125%
Fixed Rate Debt | Unsecured Debt | 3.10% senior unsecured notes due 2034            
Secured Debt            
All-in weighted average interest rate   3.13%   3.13%    
Fixed Rate Debt | Debt Assumed As Part of Acquisition | Mortgages loans            
Secured Debt            
Amortization of debt discount (Premium)   $ 100 $ 100 $ 300 $ 600  
Unamortized net Premium (Discount)   (800)   (800)   $ (500)
Variable Rate Debt | Tax-exempt secured notes payable | Mortgages loans            
Secured Debt            
Principal outstanding   $ 27,000   $ 27,000    
Variable Rate Debt | Tax-exempt secured notes payable | Mortgages loans            
Secured Debt            
Notes payable maximum interest rates range   2.79%   2.79%