The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:


			Level 1		Level 2
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs
Fair Value as of March 31, 2026:
Assets:
Mortgages and notes receivable, at fair value (1)	$	12,231	$	—	$	12,231

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	593		593		—



Total Assets	$	12,824	$	593	$	12,231
Noncontrolling Interests in the Operating Partnership	$	43,189	$	43,189	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	3,586,387	$	—	$	3,586,387

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	593		593		—


Total Liabilities	$	3,586,980	$	593	$	3,586,387


Fair Value as of December 31, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)	$	12,228	$	—	$	12,228

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	1,396		1,396		—


Total Assets	$	13,624	$	1,396	$	12,228
Noncontrolling Interests in the Operating Partnership	$	52,777	$	52,777	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	3,471,003	$	—	$	3,471,003

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	1,396		1,396		—


Total Liabilities	$	3,472,399	$	1,396	$	3,471,003