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Borrowings (Tables) | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes the Company's outstanding debt as of June 30, 2019 (dollars in thousands):
|  | Balance |  |  | Weighted Average Effective Rate |  |  | Weighted Average Contract Maturity |
Unsecured debt |  |  |  |  |  |  |  |  |  |  |  |
Variable rate revolving credit facility |  | $ | — |  |  |  | — |  |  |  | — |
Variable rate commercial paper program |  |  | 367,000 |  |  |  | 2.7 | % |  | 7/16/2019 |
Fixed rate senior notes |  |  | 2,942,000 |  |  |  | 4.0 | % |  | 11/26/2025 |
Term loans fixed with swaps |  |  | 300,000 |  |  |  | 2.3 | % |  | 3/1/2022 |
Variable rate term loans |  |  | 300,000 |  |  |  | 3.4 | % |  | 8/29/2020 |
Debt issuance costs, discounts and fair market value adjustments |  |  | (29,474 | ) |  |  |  |  |  |  |  |
Total unsecured debt |  | $ | 3,879,526 |  |  |  | 3.7 | % |  |  |  |
Fixed rate secured debt |  |  |  |  |  |  |  |  |  |  |  |
Individual property mortgages |  | $ | 663,764 |  |  |  | 4.5 | % |  | 5/17/2036 |
Debt issuance costs and fair market value adjustments |  |  | (3,301 | ) |  |  |  |  |  |  |  |
Total secured debt |  | $ | 660,463 |  |  |  | 4.5 | % |  |  |  |
Total outstanding debt |  | $ | 4,539,989 |  |  |  | 3.8 | % |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments 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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