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Debt | 9 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
Debt | Debt The Company does not have indebtedness as debt is incurred by the Operating Partnership. The Company guarantees the Operating Partnership’s unsecured debt including the revolving credit facilities for the full term of such debt. Debt consists of the following ($ in thousands):
| September 30, 2016 |  | December 31, 2015 |  | Weighted Average Maturity In Years
Unsecured bonds private placement - fixed rate | $ | 314,128 |  |  | $ | 463,891 |  |  | 3.9
Term loan - variable rate | 224,719 |  |  | 224,467 |  |  | 0.2
Bonds public offering - fixed rate | 2,836,763 |  |  | 2,400,322 |  |  | 6.6
Unsecured debt, net (1) | 3,375,610 |  |  | 3,088,680 |  |  |
Lines of credit, net (2) | — |  |  | 11,707 |  |  |
Mortgage notes payable, net (3) | 2,209,077 |  |  | 2,215,077 |  |  | 5.3
Total debt, net | $ | 5,584,687 |  |  | $ | 5,315,464 |  |  |
Weighted average interest rate on fixed rate unsecured and unsecured private placement bonds | 3.6 | % |  | 3.6 | % |  |
Weighted average interest rate on variable rate term loan | 2.4 | % |  | 2.4 | % |  |
Weighted average interest rate on lines of credit | 2.2 | % |  | 1.9 | % |  |
Weighted average interest rate on mortgage notes payable | 4.3 | % |  | 4.4 | % |  |
(1) Includes unamortized premium and discounts of $2.8 million and $14.3 million and reduced by unamortized debt issuance costs of $17.2 million and $15.6 million, as of September 30, 2016 and December 31, 2015, respectively. (2) Lines of credit, net, related to the Company's two lines of unsecured credit aggregating $1.0 billion, excludes unamortized debt issuance costs of $3.6 million as of September 30, 2016 as the net effect resulted in a negative debt balance and as such the amount was reclassified to prepaid expenses and other assets on the condensed consolidated balance sheets. The December 31, 2015 amount includes $3.3 million of unamortized debt issuance costs because the net balance resulted in a positive debt balance and is presented on a net basis. (3) Includes unamortized premium of $55.3 million and $64.8 million and reduced by unamortized debt issuance costs of $7.4 million and $8.0 million, as of September 30, 2016 and December 31, 2015, respectively. The aggregate scheduled principal payments of the Company’s outstanding debt as of September 30, 2016 are as follows (excluding lines of credit) (in thousands):
Remaining in 2016 | $ | 207,668 |
2017 | 493,007 |
2018 | 321,328 |
2019 | 661,954 |
2020 | 693,868 |
Thereafter | 3,173,339 |
Total | $ | 5,551,164 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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