XML 52 R48.htm IDEA: XBRL DOCUMENT v3.19.3
Debt - Schedule of Debt (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Jan. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]            
Debt, gross $ 2,876,223,000   $ 2,876,223,000     $ 2,842,510,000
Unamortized discounts on unsecured senior notes (4,264,000)   (4,264,000)     (2,546,000)
Deferred financing costs, net (34,844,000)   (34,844,000)     (36,421,000)
Total debt per balance sheet 2,837,115,000   2,837,115,000     2,803,543,000
Amortization of financing costs     5,965,000 $ 5,838,000    
Asset-backed Securitizations, Unsecured Senior Notes and Term Loan Facility            
Debt Instrument [Line Items]            
Amortization of financing costs 1,500,000 $ 1,500,000 4,500,000 $ 4,400,000    
Secured Debt            
Debt Instrument [Line Items]            
Debt, gross $ 1,976,223,000   $ 1,976,223,000     1,992,510,000
Secured Debt | 2014-SFR 2            
Debt Instrument [Line Items]            
Interest Rate 4.42%   4.42%      
Debt, gross $ 487,163,000   $ 487,163,000     491,195,000
Secured Debt | 2014-SFR 3            
Debt Instrument [Line Items]            
Interest Rate 4.40%   4.40%      
Debt, gross $ 502,713,000   $ 502,713,000     506,760,000
Secured Debt | 2015-SFR 1            
Debt Instrument [Line Items]            
Interest Rate 4.14%   4.14%      
Debt, gross $ 527,941,000   $ 527,941,000     532,197,000
Secured Debt | 2015-SFR 2            
Debt Instrument [Line Items]            
Interest Rate 4.36%   4.36%      
Debt, gross $ 458,406,000   $ 458,406,000     462,358,000
Senior Notes | 4.25% Senior Notes Due 2028            
Debt Instrument [Line Items]            
Interest Rate 4.25%   4.25%      
Effective interest rate 4.08%   4.08%      
Debt, gross $ 500,000,000   $ 500,000,000     500,000,000
Senior Notes | 4.90% Senior Notes Due 2029            
Debt Instrument [Line Items]            
Interest Rate         4.90%  
Effective interest rate 4.90%   4.90%      
Debt, gross $ 400,000,000   $ 400,000,000     0
Deferred financing costs, net         $ (1,000,000.0)  
Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Effective interest rate 3.22%   3.22%      
Debt, gross $ 0   $ 0     250,000,000
Maximum borrowing capacity 800,000,000.0   800,000,000.0      
Outstanding letters of credit 4,800,000   4,800,000     1,100,000
Line of Credit | Term Loan facility            
Debt Instrument [Line Items]            
Debt, gross $ 0   $ 0     100,000,000
Deferred financing costs, net           $ (800,000)
Line of Credit | Term Loan facility | LIBOR            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate     1.20%