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v3.22.1

Notes Payable (Narrative) (Details) $ in Thousands, shares in Millions |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | ---
Apr. 12, 2022 USD ($) shares | Apr. 01, 2022 USD ($) | Mar. 31, 2022 USD ($) yr | Dec. 31, 2021 USD ($) | Mar. 31, 2021 USD ($)
Notes Payable | [1] |  |  | $ 3,671,300 |  | $ 3,170,400 |
Unamortized debt discounts and debt issuance costs |  |  |  | 18,700 |  | 19,600 |
Unsecured Debt |  |  |  | 3,671,309 |  | 3,170,367 |
Available amount under unsecured credit facility |  |  |  | $ 385,400 |  |  |
Weighted Average Interest Rate | [2] |  |  | 3.30% |  |  |
Weighted average maturity of indebtedness (including unsecured line of credit) (in years) | yr |  |  |  | 6.5 |  |  |
Letter Of Credit [Member] |  |  |  |  |  |  |
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility |  |  |  | $ 50,000 |  |  |
Outstanding balance under credit facility |  |  |  | 14,600 |  |  |
Commercial Banks [Member] | 1.23% Unsecured credit facility [Member] |  |  |  |  |  |  |
Unsecured Debt |  |  |  | 500,000 |  | 0 |
Senior Unsecured Notes [Member] |  |  |  |  |  |  |
Unsecured Debt |  |  |  | 3,131,400 |  | 3,130,500 |
1.23% Unsecured credit facility [Member] |  |  |  |  |  |  |
Maximum borrowing capacity under unsecured credit facility |  |  |  | $ 900,000 |  |  |
Maximum term of bid rate loans (days) |  |  |  | 180 days |  |  |
Lesser of amount stated or the amount available under the unsecured credit facility |  |  |  | $ 450,000 |  |  |
Floating rate notes payable [Member] |  |  |  |  |  |  |
Notes Payable |  |  |  | $ 539,900 | [3] | 39,900 | $ 39,800
Weighted Average Interest Rate |  |  |  | 1.30% |  |  | 1.90%
1.85% Term loan, due 2022 [Member] | Commercial Banks [Member] |  |  |  |  |  |  |
Unsecured Debt |  |  |  | $ 39,900 |  | $ 39,900 |
Debt Instrument, Maturity Date |  |  |  | Jan. 01, 2022 |  |  |
Subsequent Event [Member] | 2022 Equity offering |  |  |  |  |  |  |
Stock Issued During Period, Shares, New Issues | shares |  | 2.9 |  |  |  |  |
Stock Issued During Period, Value, New Issues |  | $ 490,300 |  |  |  |  |
Subsequent Event [Member] | The Funds |  |  |  |  |  |  |
Net Purchase Price of Operating Properties Acquired |  |  | $ 1,100,000 |  |  |  |
Subsequent Event [Member] | The Funds | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] |  |  |  |  |  |  |
Secured Debt |  |  | $ 514,000 |  |  |  |
equity method investment non-ownership percentage |  |  | 68.70% |  |  |  |
[1] | Unamortized debt discounts and debt issuance costs of $18.7 million and $19.6 million are included in senior unsecured notes payable as of March 31, 2022 and December 31, 2021, respectively.
[2] | Includes the effects of the applicable settled forward interest rate swaps.
[3] | Includes balance outstanding under our unsecured credit facility at March 31, 2022.

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