Quarterly report pursuant to Section 13 or 15(d)

Debt Guaranteed by the Company (Tables)

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Debt Guaranteed by the Company (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands):
As of
March 31, 2024 December 31, 2023
Unsecured lines of credit $ 46,000  $ 13,000 
Unsecured term loan $ 325,000  $ 325,000 
The debt of the Operating Partnership consisted of the following (in thousands):
As of As of
March 31, 2024 December 31, 2023
Stated Interest Rate(s) Maturity Date Principal
Book Value(1)
Principal
Book Value(1)
Senior, unsecured notes:  
Senior notes 3.125% September 2026 $ 350,000  $ 348,613  $ 350,000  $ 348,467 
Senior notes 3.875% July 2027 300,000  298,649  300,000  298,546 
Senior notes 2.750% September 2031 400,000  393,048  400,000  392,827 
Unsecured term loan Adj SOFR + 0.95% January 2027 325,000  322,537  325,000  322,322 
Mortgages payable:
Atlantic City (2) (3)
6.44  % - 7.65% December 2024- December 2026 11,088  11,320  12,336  12,613 
     Southaven Adj SOFR + 2.00% October 2026 51,700  51,452  51,700  51,428 
Unsecured lines of credit (4)
Adj SOFR + 1.00% July 2025 46,000  46,000  13,000  13,000 
Total
 $ 1,483,788  $ 1,471,619  $ 1,452,036  $ 1,439,203 
(1)Includes premiums, discounts and unamortized debt origination costs. These costs were $12.2 million and $12.8 million as of March 31, 2024 and December 31, 2023, respectively. This excludes $1.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended March 31, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet.
(2)The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%.
(3)Principal and interest due monthly with remaining principal due at maturity.
(4)See Note 18 to the consolidated financial statements for further details of our unsecured lines of credit.