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Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes the Company's outstanding debt as of September 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 |  |  | 200,000 |  |  |  | 2.3 | % |  | 10/11/2019 |
Fixed rate senior notes |  |  | 3,192,000 |  |  |  | 3.9 | % |  | 3/1/2026 |
Term loans fixed with swaps |  |  | 300,000 |  |  |  | 2.3 | % |  | 3/1/2022 |
Variable rate term loans |  |  | 150,000 |  |  |  | 3.1 | % |  | 2/26/2021 |
Debt issuance costs, discounts and fair market value adjustments |  |  | (11,292 | ) |  |  |  |  |  |  |  |
Total unsecured debt |  | $ | 3,830,708 |  |  |  | 3.7 | % |  |  |  |
Fixed rate secured debt |  |  |  |  |  |  |  |  |  |  |  |
Individual property mortgages |  | $ | 648,801 |  |  |  | 4.6 | % |  | 10/3/2036 |
Debt issuance costs and fair market value adjustments |  |  | (3,395 | ) |  |  |  |  |  |  |  |
Total secured debt |  | $ | 645,406 |  |  |  | 4.6 | % |  |  |  |
Total outstanding debt |  | $ | 4,476,114 |  |  |  | 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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