XML 43 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Borrowings Borrowings (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
The following table summarizes the Company's outstanding debt as of September 30, 2018 (dollars in thousands):
 
Borrowed Balance
 
Effective Rate
 
Contract Maturity(2)
Unsecured debt
 

 
 

 
 
Variable rate revolving credit facility
$
370,000

 
3.1
%
 
4/15/2020
Fixed rate senior notes
2,642,000

 
4.0
%
 
7/12/2025
Term loans fixed with swaps
300,000

 
2.3
%
 
3/1/2022
Variable rate term loans
300,000

 
3.1
%
 
8/29/2020
Fair market value adjustments, debt issuance costs and discounts
(29,376
)
 
 
 
 
Total unsecured debt
$
3,582,624

 
3.7
%
 
 
Fixed rate secured debt
 
 
 
 
 
Individual property mortgages
$
836,513

 
4.0
%
 
11/1/2019
Variable rate secured debt (1)
 

 
 

 
 
Fannie Mae Facility
80,000

 
2.7
%
 
12/1/2018
Fair market value adjustments and debt issuance costs
4,886

 
 
 
 
Total secured debt
$
921,399

 
3.9
%
 
 
Total outstanding debt
$
4,504,023

 
3.7
%
 
 

(1) Includes capped balances.
(2) Represents the weighted average contract maturity date.