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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Summary of Unsecured Note Balances, Interest Rate and Maturity Date Information

The following tables summarize the Company’s unsecured note balances and certain interest rate and maturity date information as of and for the years ended December 31, 2018 and 2017, respectively:

 

December 31, 2018

(Amounts in thousands)

 

Net Principal

Balance

 

 

Interest Rate

Ranges

 

Weighted

Average

Interest Rate

 

 

Maturity

Date Ranges

Fixed Rate Public Notes (1)

 

$

5,485,884

 

 

2.85% - 7.57%

 

4.37%

 

 

2020-2047

Floating Rate Public Notes (1)

 

 

447,402

 

 

(1)

 

2.84%

 

 

2019

Totals

 

$

5,933,286

 

 

 

 

4.25%

 

 

 

 

December 31, 2017

(Amounts in thousands)

 

Net Principal

Balance

 

 

Interest Rate

Ranges

 

Weighted

Average

Interest Rate

 

 

Maturity

Date

Ranges

Fixed Rate Public Notes (1)

 

$

4,591,373

 

 

2.85% - 7.57%

 

4.61%

 

 

2020-2047

Floating Rate Public Notes (1)

 

 

447,439

 

 

(1)

 

1.82%

 

 

2019

Totals

 

$

5,038,812

 

 

 

 

4.35%

 

 

 

 

(1)

Fair value interest rate swaps convert the $450.0 million 2.375% notes due July 1, 2019 to a floating interest rate of 90-Day LIBOR plus 0.61%.

Summary of Aggregate Payments of Principal on All Debt

The following table provides a summary of the aggregate payments of principal on all debt for each of the next five years and thereafter as of December 31, 2018 (amounts in thousands):

 

Year

 

Total

 

2019

 

$

974,954

 

2020

 

 

1,129,292

 

2021

 

 

928,106

 

2022

 

 

266,141

 

2023

 

 

1,331,600

 

Thereafter

 

 

4,282,668

 

Subtotal

 

 

8,912,761

 

Deferred Financing Costs and Unamortized (Discount)

 

 

(94,822

)

Total

 

$

8,817,939