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Debt (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Summary of Senior Notes Issuances | The following table summarizes the Company’s senior unsecured notes issuances during the nine months ended September 30, 2020 (dollars in thousands):
Issue Date |  | Amount |  | Coupon Rate |  | Maturity Date
June 23, 2020 |  | $ | 600,000 |  |  | 2.88 | % |  | 2031
The following table summarizes the Company’s senior unsecured notes payoffs and repurchases during the nine months ended September 30, 2020 (dollars in thousands):
Payoff Date |  | Amount |  | Coupon Rate |  | Maturity Date
July 9, 2020(1) |  | $ | 300,000 |  |  | 3.15 | % |  | 2022
June 24, 2020(2) |  | $ | 250,000 |  |  | 4.25 | % |  | 2023
_______________________________________ (1)Upon completing the redemption of the 3.15% senior unsecured notes due in 2022, the Company recognized an $18 million loss on debt extinguishment. (2)Upon repurchasing a portion of the 4.25% senior unsecured notes due in 2023, the Company recognized a $26 million loss on debt extinguishment. The following table summarizes the Company’s senior unsecured notes issuances during the year ended December 31, 2019 (dollars in thousands):
Issue Date |  | Amount |  | Coupon Rate |  | Maturity Date
November 21, 2019 |  | $ | 750,000 |  |  | 3.00 | % |  | 2030
July 5, 2019 |  | $ | 650,000 |  |  | 3.25 | % |  | 2026
July 5, 2019 |  | $ | 650,000 |  |  | 3.50 | % |  | 2029
The following table summarizes the Company’s senior unsecured notes payoffs and repurchases during the year ended December 31, 2019 (dollars in thousands):
Payoff Date |  | Amount |  | Coupon Rate |  | Maturity Date
November 21, 2019(1) |  | $ | 350,000 |  |  | 4.00 | % |  | 2022
July 22, 2019(2) |  | $ | 800,000 |  |  | 2.63 | % |  | 2020
July 8, 2019(2) |  | $ | 250,000 |  |  | 4.00 | % |  | 2022
July 8, 2019(2) |  | $ | 250,000 |  |  | 4.25 | % |  | 2023
_______________________________________ (1)Upon repurchasing the 4.00% senior unsecured notes due in 2022, the Company recognized a $22 million loss on debt extinguishment. (2)Upon completing the redemption of the 2.63% senior unsecured notes due in 2020 and repurchasing a portion of the 4.25% senior unsecured notes due in 2023 and the 4.00% senior unsecured notes due in 2022, the Company recognized a $35 million loss on debt extinguishment.
Summary of Debt Maturities and Schedule Principal Repayments | The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at September 30, 2020 (in thousands):
Year |  | Bank Line of Credit |  | Commercial Paper |  | Term Loan |  | Senior Unsecured Notes(1) |  | Mortgage Debt(2) |  | Total
2020 (three months) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,884 |  |  | $ | 1,884 |
2021 |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,004 |  |  | 15,004 |
2022 |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,215 |  |  | 7,215 |
2023 |  | — |  |  | — |  |  | — |  |  | 300,000 |  |  | 92,365 |  |  | 392,365 |
2024 |  | — |  |  | — |  |  | 250,000 |  |  | 1,150,000 |  |  | 5,652 |  |  | 1,405,652 |
Thereafter |  | — |  |  | — |  |  | — |  |  | 4,300,000 |  |  | 298,672 |  |  | 4,598,672 |
|  | — |  |  | — |  |  | 250,000 |  |  | 5,750,000 |  |  | 420,792 |  |  | 6,420,792 |
(Discounts), premium and debt costs, net |  | — |  |  | — |  |  | (878) |  |  | (54,433) |  |  | 14,414 |  |  | (40,897) |
|  | — |  |  | — |  |  | 249,122 |  |  | 5,695,567 |  |  | 435,206 |  |  | 6,379,895 |
Debt on assets held for sale(3) |  | — |  |  | — |  |  | — |  |  | — |  |  | 77,222 |  |  | 77,222 |
|  | $ | — |  |  | $ | — |  |  | $ | 249,122 |  |  | $ | 5,695,567 |  |  | $ | 512,428 |  |  | $ | 6,457,117 |
_______________________________________ (1)Effective interest rates on the senior notes range from 3.08% to 6.87% with a weighted average effective interest rate of 3.86% and a weighted average maturity of 7 years. (2)Excluding mortgage debt on assets held for sale, effective interest rates on the mortgage debt range from 1.23% to 5.91% with a weighted average effective interest rate of 3.62% and a weighted average maturity of 7 years. (3)Represents mortgage debt on assets held for sale with interest rates of 1.23% and 3.45% that mature in 2027 and 2044, respectively.

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