| Schedule of Long-term Debt |
Long-term debt consists of the following.
| | | | | | | | | | | | | (in thousands) | September 30, 2025 | | December 31, 2024 | Fixed rate mortgage notes payable due 2026 through 2047; weighted average interest rate of 4.74% and 4.65% as of September 30, 2025 and December 31, 2024, respectively | $ | 2,698,526 | | | $ | 2,599,028 | | Variable rate mortgage notes payable due 2026 through 2030; weighted average interest rate of 6.71% and 6.89% as of September 30, 2025 and December 31, 2024, respectively | 1,208,546 | | | 1,110,642 | | Convertible notes payable due October 2026; interest rate of 2.00% as of both September 30, 2025 and December 31, 2024 | 23,297 | | | 23,297 | | Convertible notes payable due October 2029; interest rate of 3.50% as of both September 30, 2025 and December 31, 2024 | 369,445 | | | 369,445 | | Tangible equity units senior amortizing notes due 2025; interest rate of 10.25% as of both September 30, 2025 and December 31, 2024 | 775 | | | 9,449 | | Notes payable for insurance premium financing due 2025; interest rate of 6.16% as of September 30, 2025 | 5,524 | | | — | | | Deferred financing costs, net | (42,738) | | | (49,074) | | | Total long-term debt | 4,263,375 | | | 4,062,787 | | | Current portion | 104,018 | | | 40,779 | | | Total long-term debt, less current portion | $ | 4,159,357 | | | $ | 4,022,008 | |
|