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Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt and Lines of Credit | Debt consists of the following ($ in thousands):
| September 30, 2022 |  | December 31, 2021 |  | Weighted Average Maturity In Years as of September 30, 2022
Unsecured debt, net (1) | $ | 5,312,131 |  |  | $ | 5,307,196 |  |  | 7.9
Lines of credit (2) | 219,481 |  |  | 341,257 |  |  |
Mortgage notes payable, net (3) | 635,389 |  |  | 638,957 |  |  | 7.7
Total debt, net | $ | 6,167,001 |  |  | $ | 6,287,410 |  |  |
Weighted average interest rate on fixed rate unsecured bonds private placement and bonds public offering | 3.3 | % |  | 3.3 | % |  |
Weighted average interest rate on lines of credit | 3.1 | % |  | 1.0 | % |  |
Weighted average interest rate on mortgage notes payable | 3.1 | % |  | 2.7 | % |  |
(1) Unsecured debt, net, consists of fixed rate public bond offerings which includes unamortized discount, net of premiums, of $8.4 million and $9.9 million and unamortized debt issuance costs of $29.5 million and $32.9 million, as of September 30, 2022 and December 31, 2021, respectively. (2) Lines of credit, related to the Company's two lines of unsecured credit aggregating $1.24 billion as of September 30, 2022, excludes unamortized debt issuance costs of $5.4 million and $4.4 million as of September 30, 2022 and December 31, 2021, respectively. These debt issuance costs are included in prepaid expenses and other assets on the condensed consolidated balance sheets. As of September 30, 2022, the Company’s $1.2 billion credit facility had an interest rate at the Adjusted Secured Overnight Financing Rate ("Adjusted SOFR") plus 0.75%, which is based on a tiered rate structure tied to the Company’s credit ratings, adjusted for the Company's sustainability metric grid, and a scheduled maturity date of January 2027 with two six-month extensions, exercisable at the Company’s option. As of September 30, 2022, the Company’s $35.0 million working capital unsecured line of credit had an interest rate of Adjusted SOFR plus 0.75%, which is based on a tiered rate structure tied to the Company’s credit ratings, adjusted for the Company's sustainability metric grid, and a scheduled maturity date of July 2024. (3) Includes total unamortized premium, net of discounts of $1.5 million and $2.5 million, reduced by unamortized debt issuance costs of $1.2 million and $1.5 million, as of September 30, 2022 and December 31, 2021, respectively.
Summary of Aggregate Scheduled Principal Payments | The aggregate scheduled principal payments of the Company’s outstanding debt, excluding lines of credit, as of September 30, 2022 are as follows ($ in thousands):
Remaining in 2022 | $ | 40,439 |
2023 | 302,945 |
2024 | 403,109 |
2025 | 633,054 |
2026 | 549,405 |
Thereafter | 4,056,224 |
Total | $ | 5,985,176 |

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- Definition Tabular disclosure of information pertaining to long-debt instruments, line of credit or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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