35 unchanged sentences
Wyoming 1 15,067 7,877 2,589
−Removed: Subtotal 123 3,657,559 3,038,909 425,595
−Removed: Properties Held for Sale
−Removed: Arizona 2 7,516 6,537 —
−Removed: California 2 22,992 20,748 —
−Removed: Michigan 1 11,227 4,420 2,352
−Removed: Subtotal 5 41,735 31,705 2,352
−Removed: Grand Total 128 $ 3,699,294 $ 3,070,614 $ 427,947
+Added: Total 122 $ 3,676,695 $ 2,947,152 $ 388,585
(1) Excludes purchase price allocations assigned to real estate intangibles.
−Removed: As of December 31, 2024, 99 of our properties secured an aggregate $2.0 billion of debt as detailed in the following table:
+Added: As of December 31, 2025, our 122 properties secure an aggregate $1.9 billion of debt as detailed in the following table:
Secured Properties Number of First-Lien
6 unchanged sentences
Senior secured notes due September 2029 19 546,495 609,999
+Added: Secured debtor-in-possession term loan 25 503,808 10,225
Total 122 $ 3,676,695 $ 1,940,538
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.