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v3.22.2

Notes Payable (Narrative) (Details) $ in Thousands |  | 6 Months Ended |  |
--- | --- | --- | --- | ---
Apr. 01, 2022 USD ($) | Jun. 30, 2022 USD ($) yr | Dec. 31, 2021 USD ($) | Jun. 30, 2021 USD ($)
Notes Payable | [1] |  | $ 3,737,000 |  | $ 3,170,400 |
Unamortized debt discounts and debt issuance costs |  |  | 20,000 |  | 19,600 |
Unsecured Debt |  |  | 3,222,252 |  | 3,170,367 |
Available amount under unsecured credit facility |  |  | $ 835,700 |  |  |
Weighted Average Interest Rate | [2] |  | 3.60% |  |  |
Weighted average maturity of indebtedness (including unsecured line of credit) (in years) | yr |  |  | 6.6 |  |  |
Secured notes payable |  |  | $ 514,698 |  | 0 |
Debt Instrument, Unamortized Discount (Premium), Net |  | $ 2,400 |  |  |  |
Amortization of Debt Discount (Premium) |  | 100 |  |  |  |
The Funds |  |  |  |  |  |
Secured notes payable |  | 514,600 |  |  |  |
Letter Of Credit [Member] |  |  |  |  |  |
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility |  |  | 50,000 |  |  |
Outstanding balance under credit facility |  |  | 14,300 |  |  |
Commercial Banks [Member] | 2.03% Unsecured credit facility [Member] |  |  |  |  |  |
Unsecured Debt |  |  | 50,000 |  | 0 |
Senior Unsecured Notes [Member] |  |  |  |  |  |
Unsecured Debt |  |  | 3,132,300 |  | 3,130,500 |
secured notes payable | The Funds |  |  |  |  |  |
Secured notes payable |  | $ 514,600 |  |  |  |
Secured Debt | The Funds | Minimum [Member] |  |  |  |  |  |
Notes payable, effective interest rate |  | 2.47% |  |  |  |
Secured Debt | The Funds | Maximum [Member] |  |  |  |  |  |
Notes payable, effective interest rate |  | 4.04% |  |  |  |
2.03% 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 |  |  |
2.03% Unsecured credit facility [Member] | Commercial Banks [Member] |  |  |  |  |  |
Notes payable, effective interest rate |  |  | 2.03% |  |  |
Floating rate notes payable [Member] |  |  |  |  |  |
Notes Payable |  |  | $ 274,900 | [3] | 39,900 | $ 39,800
Weighted Average Interest Rate |  |  | 2.90% |  |  | 1.90%
2.88% Term loan, due 2022 [Member] | Commercial Banks [Member] |  |  |  |  |  |
Unsecured Debt |  |  | $ 40,000 |  | $ 39,900 |
Debt Instrument, Maturity Date |  |  | Jan. 01, 2022 |  |  |
Notes payable, effective interest rate |  |  | 2.88% |  |  |
[1] | Unamortized debt discounts, debt issuance costs and fair market value adjustments of $20.0 million and $19.6 million are included in notes payable as of June 30, 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 June 30, 2022.

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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 https://asc.fasb.org/extlink&oid=120391452&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 https://asc.fasb.org/extlink&oid=126897435&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 https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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