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v3.20.1

Notes Payable (Narrative) (Details) $ in Thousands | 3 Months Ended |  |  |
--- | --- | --- | --- | ---
Jun. 30, 2020 USD ($) | Mar. 31, 2020 USD ($) yr | Apr. 16, 2020 USD ($) | Dec. 31, 2019 USD ($) | Mar. 31, 2019 USD ($)
Notes Payable |  |  | $ 2,606,900 |  |  | $ 2,524,100 |  |
Unamortized debt discounts and debt issuance costs |  |  | 19,100 |  |  | 19,900 |  |
Unsecured Debt |  |  | 2,606,876 |  |  | 2,524,099 |  |
Available amount under unsecured credit facility |  |  | $ 765,100 |  |  |  |  |
Weighted Average Interest Rate | [1],[2] |  | 3.70% |  |  |  |  |
Weighted average maturity of indebtedness (including unsecured line of credit) (in years) | yr |  |  | 8.5 |  |  |  |  |
Letter Of Credit [Member] |  |  |  |  |  |  |  |
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility |  |  | $ 50,000 |  |  |  |  |
Outstanding balance under credit facility |  |  | 8,900 |  |  |  |  |
Commercial Banks [Member] | Unsecured Credit Facility [Member] |  |  |  |  |  |  |  |
Unsecured Debt |  |  | 126,000 |  |  | 44,000 |  |
Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |
Unsecured Debt | [3] |  | 2,381,100 |  |  | 2,380,400 |  |
Unsecured Credit Facility [Member] |  |  |  |  |  |  |  |
Maximum borrowing capacity under unsecured credit facility |  |  | $ 900,000 |  |  |  |  |
Maximum term of bid rate loans (days) |  |  | P180D |  |  |  |  |
Lesser of amount stated or the amount available under the unsecured credit facility |  |  | $ 450,000 |  |  |  |  |
Floating rate notes payable [Member] |  |  |  |  |  |  |  |
Notes Payable |  |  | $ 225,800 | [4] |  | $ 143,700 | [4] | $ 341,600
Weighted Average Interest Rate |  |  | 2.10% |  |  |  |  | 3.30%
Subsequent Event [Member] | Unsecured notes 2.80% due 2030 [Member] [Member] | Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate During Period |  | 2.905% |  |  |  |  |  |
Proceeds from Issuance of Debt |  | $ 743,100 |  |  |  |  |  |
Debt Instrument, Face Amount |  |  |  |  | $ 750,000 |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  |  | 2.80% |  |  |
Discounted notes payable face amount |  | 99.929% |  |  |  |  |  |
[1] | Includes all available extension options.
[2] | Includes the effects of the applicable settled forward interest rate swaps.
[3] | Unamortized debt discounts and debt issuance costs of $19.1 million and $19.9 million are included in senior unsecured and secured notes payable as of March 31, 2020 and December 31, 2019, respectively.
[4] | Includes balances outstanding under our unsecured credit facility at March 31, 2020 and December 31, 2019.

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- Definition The discount percentage applied to the new notes payable face amount for the public offering of the debt. + References No definition available. + Details
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- Definition Maximum term of bid rate loans in days related to the line of credit. Advances under the line of credit may be priced at the scheduled rates, or we may enter into bid rate loans with participating banks at rates below the scheduled rates + References No definition available. + Details
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- Definition Advances under the line of credit may be priced at the scheduled rates, or we may enter into bid rate loans with participating banks at rates below the scheduled rates. These bid rate loans have terms of 180 days or less and may not exceed the lesser of $250 million or the remaining amount available under the line of credit. + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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