MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands |
Jul. 24, 2024 |
Jun. 30, 2024 |
Jun. 28, 2024 |
Dec. 31, 2023 |
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Debt Instrument [Line Items] | ||||
Totals/Weighted Average, net of unamortized deferred financing costs: | $ 1,686,954 | $ 1,853,897 | ||
Weighted Average Interest Rate | 4.43% | 4.34% | ||
Interest Rate Caps | ||||
Debt Instrument [Line Items] | ||||
Notional value | $ 110,000 | |||
Derivative, cap interest rate | 3.50% | |||
Interest Rate Caps | Term Loan | Subsequent Event | ||||
Debt Instrument [Line Items] | ||||
Notional value | $ 55,000 | |||
Derivative, cap interest rate | 3.50% | |||
Fixed Rate & Hedged Debt | ||||
Debt Instrument [Line Items] | ||||
Balance | $ 1,686,954 | $ 1,853,897 | ||
Weighted Average Interest Rate | 4.43% | 4.34% | ||
Fixed Rate & Hedged Debt | Interest Rate Caps | ||||
Debt Instrument [Line Items] | ||||
Balance | $ 304,000 | $ 304,500 |
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- Definition Amount of short-term and long-term debt and lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Weighted average interest rate of debt outstanding. No definition available.
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- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. No definition available.
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- Definition Nominal or face amount used to calculate payment on derivative. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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