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Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Summary of Senior Notes Issuances | The following table summarizes the Company’s senior unsecured notes repurchases and redemptions during the year ended December 31, 2021 (dollars in thousands):
Payoff Date(1) |  | Amount |  | Coupon Rate |  | Maturity Year
May 19, 2021 |  | $ | 251,806 |  |  | 3.40 | % |  | 2025
May 19, 2021 |  | 298,194 |  |  | 4.00 | % |  | 2025
February 26, 2021 |  | 188,000 |  |  | 4.25 | % |  | 2023
February 26, 2021 |  | 149,000 |  |  | 4.20 | % |  | 2024
February 26, 2021 |  | 331,000 |  |  | 3.88 | % |  | 2024
January 28, 2021 |  | 112,000 |  |  | 4.25 | % |  | 2023
January 28, 2021 |  | 201,000 |  |  | 4.20 | % |  | 2024
January 28, 2021 |  | 469,000 |  |  | 3.88 | % |  | 2024
_______________________________________ (1)As a result of the repurchases and redemptions of these senior unsecured notes, the Company recognized an aggregate $225 million loss on debt extinguishment during the nine months ended September 30, 2021. (dollars in thousands):
Issue Date |  | Amount |  | Coupon Rate |  | Maturity Year
November 24, 2021 |  | $ | 500,000 |  |  | 2.13 | % |  | 2028
July 12, 2021 |  | 450,000 |  |  | 1.35 | % |  | 2027
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, 2022 (dollars in thousands):
|  |  |  |  |  |  |  | Senior Unsecured Notes(2) |  | Mortgage Debt(3) |  |
Year |  | Bank Line of Credit |  | Commercial Paper(1) |  |  |  | Amount |  | Interest Rate |  | Amount |  | Interest Rate |  | Total
2022 |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | — | % |  | $ | 1,289 |  |  | 3.80 | % |  | $ | 1,289 |
2023 |  | — |  |  | — |  |  |  |  | — |  |  | — | % |  | 90,089 |  |  | 3.80 | % |  | 90,089 |
2024 |  | — |  |  | — |  |  |  |  | — |  |  | — | % |  | 7,024 |  |  | 5.49 | % |  | 7,024 |
2025 |  | — |  |  | — |  |  |  |  | 800,000 |  |  | 3.93 | % |  | 3,209 |  |  | 3.80 | % |  | 803,209 |
2026 |  | — |  |  | 1,585,333 |  |  |  |  | 650,000 |  |  | 3.39 | % |  | 244,523 |  |  | 4.48 | % |  | 2,479,856 |
Thereafter |  | — |  |  | — |  |  |  |  | 3,250,000 |  |  | 3.24 | % |  | 366 |  |  | 5.91 | % |  | 3,250,366 |
|  | — |  |  | 1,585,333 |  |  |  |  | 4,700,000 |  |  |  |  | 346,500 |  |  |  |  | 6,631,833 |
(Discounts), premium and debt costs, net |  | — |  |  | — |  |  |  |  | (42,349) |  |  |  |  | 1,487 |  |  |  |  | (40,862) |
|  | $ | — |  |  | $ | 1,585,333 |  |  |  |  | $ | 4,657,651 |  |  |  |  | $ | 347,987 |  |  |  |  | $ | 6,590,971 |
_______________________________________ (1)Commercial Paper Program borrowings are backstopped by the Revolving Facility. As such, the Company calculates the weighted average remaining term of its Commercial Paper Program borrowings using the maturity date of the Revolving Facility. (2)Effective interest rates on the senior unsecured notes range from 1.54% to 6.91% with a weighted average effective interest rate of 3.39% and a weighted average maturity of 6 years. (3)Effective interest rates on the mortgage debt range from 3.57% to 6.70% with a weighted average effective interest rate of 4.35% and a weighted average maturity of 3 years. These interest rates include the impact of designated interest rate swap instruments, which effectively fix the interest rate on certain variable rate debt.

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