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Debt Structure (Details) | 9 Months Ended
--- | ---
Sep. 30, 2017 USD ($)
Debt Instrument [Line Items] |
Total Outstanding Debt | $ 4,492,834,000
Debt Instrument, Interest Rate, Effective Percentage | 3.50%
Contract Maturity | Feb. 13, 2022
Variable Rate Debt [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 2.20%
Contract Maturity | Aug. 29, 2020
Unsecured Debt | $ 300,000,000
Mortgages [Member] |
Debt Instrument [Line Items] |
Mortgage Loans on Real Estate | 9,000,000
Secured Debt [Member] |
Debt Instrument [Line Items] |
Total Outstanding Debt | $ 1,109,973,000
Debt Instrument, Interest Rate, Effective Percentage | 3.60%
Contract Maturity | Jul. 03, 2019
Secured Debt [Member] | Mortgages [Member] | Fixed Rate Debt |
Debt Instrument [Line Items] |
Mortgage Loans on Real Estate | $ 933,256,000
Debt Instrument, Interest Rate, Effective Percentage | 4.00%
Contract Maturity | Sep. 11, 2019
Secured Debt [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] |
Debt Instrument [Line Items] |
Line of Credit Facility, Amount Outstanding | $ 160,000,000
Secured Debt [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Variable Rate Credit Facility [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 1.70%
Contract Maturity | Jun. 01, 2018
Line of Credit Facility, Amount Outstanding | $ 160,000,000
Secured Debt [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Variable Rate Debt [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 1.70%
Secured Debt [Member] | $1 billion unsecured revolving credit facility [Member] | Fair Market Value Adjustment and Debt Issuance Cost [Member] |
Debt Instrument [Line Items] |
Line of Credit Facility, Amount Outstanding | $ 16,717,000
Unsecured Debt [Member] |
Debt Instrument [Line Items] |
Total Outstanding Debt | $ 3,382,861,000
Debt Instrument, Interest Rate, Effective Percentage | 3.50%
Contract Maturity | Jan. 18, 2023
Unsecured Debt [Member] | 3.6% Notes due 2027 [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 3.68%
Debt Instrument, Face Amount | $ 600,000,000
Settlement of Forward Swaps | 300,000,000
Unsecured Debt [Member] | Wells Fargo Term Loan 2018 [Domain] |
Debt Instrument [Line Items] |
Debt Instrument, Face Amount | 250,000,000
Unsecured Debt [Member] | Wells Fargo Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Face Amount | $ 300,000,000
Unsecured Debt [Member] | Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 3.00%
Contract Maturity | Apr. 17, 2018
Debt Instrument, Face Amount | $ 550,000,000
Unsecured Debt [Member] | Senior Notes [Member] | Fixed Rate Debt |
Debt Instrument [Line Items] |
Debt Instrument, Interest Rate, Effective Percentage | 4.00%
Contract Maturity | Oct. 24, 2024
Debt Instrument, Face Amount | $ 2,310,000,000
Unsecured Debt [Member] | $1 billion unsecured revolving credit facility [Member] |
Debt Instrument [Line Items] |
Line of Credit Facility, Amount Outstanding | 250,000,000
Unsecured Debt [Member] | $1 billion unsecured revolving credit facility [Member] | Fair Market Value Adjustment and Debt Issuance Cost [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Face Amount | $ (27,139,000)
Maximum [Member] | Unsecured Debt [Member] | Wells Fargo Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Basis Spread on Variable Rate | 1.90%
Maximum [Member] | Unsecured Debt [Member] | Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Basis Spread on Variable Rate | 1.75%
Minimum [Member] | Unsecured Debt [Member] | Wells Fargo Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Basis Spread on Variable Rate | 0.90%
Minimum [Member] | Unsecured Debt [Member] | Term Loan [Member] |
Debt Instrument [Line Items] |
Debt Instrument, Basis Spread on Variable Rate | 0.90%
Venue at Stonebridge Ranch [Member] | Mortgages [Member] |
Debt Instrument [Line Items] |
Mortgage Loans on Real Estate | $ 13,900,000
Grand Cypress [Member] | Mortgages [Member] |
Debt Instrument [Line Items] |
Mortgage Loans on Real Estate | $ 15,800,000

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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: 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(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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