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v3.22.4

Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes Payable [Abstract] |
Summary Of Indebtedness | The following is a summary of our indebtedness:
|  | December 31,
(in millions) |  | 2022 |  | 2021
Commercial banks |  |  |  |
5.31% Term loan, due 2024 |  | $ | 39.8 |  |  | $ | 39.9 |
5.20% Term loan, due 2024 |  | 300.0 |  |  | — |
5.13% Unsecured revolving credit facility |  | 42.0 |  |  | — |
|  | $ | 381.8 |  |  | $ | 39.9 |
Senior unsecured notes |  |  |  |
3.15% Notes, due 2022 |  | $ | — |  |  | $ | 349.3 |
5.07% Notes, due 2023 |  | 249.8 |  |  | 249.3 |
4.36% Notes, due 2024 |  | 249.7 |  |  | 249.5 |
3.68% Notes, due 2024 |  | 249.2 |  |  | 248.8 |
3.74% Notes, due 2028 |  | 398.3 |  |  | 397.8 |
3.67% Notes, due 2029 (1) |  | 595.5 |  |  | 594.9 |
2.91% Notes, due 2030 |  | 744.8 |  |  | 744.1 |
3.41% Notes, due 2049 |  | 296.8 |  |  | 296.8 |
|  | $ | 2,784.1 |  |  | $ | 3,130.5 |
Total unsecured notes payable |  | $ | 3,165.9 |  |  | $ | 3,170.4 |
Secured notes |  |  |  |
Master Credit Facilities |  |  |  |
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 |  | $ | 291.2 |  |  | $ | — |
6.16% Variable Rate Notes, due 2026 |  | 166.2 |  |  | — |
6.49% Variable Rate Construction Note, due 2024 |  | 18.9 |  |  | — |
3.87% note, due 2028 |  | 38.7 |  |  | — |
Total secured notes payable |  | $ | 515.0 |  |  | $ | — |
Total notes payable (2) |  | $ | 3,680.9 |  |  | $ | 3,170.4 |
Value of real estate assets, at cost, subject to secured notes |  | $ | 2,080.9 |  |  | $ | — |
(1)The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%. (2)Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $18.0 million and $19.6 million are included in senior unsecured notes payable as of December 31, 2022 and 2021, respectively.
Scheduled Repayments On Outstanding Debt | The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at December 31, 2022:
(in millions) (1) |  | Amount (2) |  | Weighted Average Interest Rate (3)
2023 |  | $ | 246.6 |  |  | 5.1 |
2024 |  | 556.5 |  |  | 4.2 |
2025 |  | 297.8 |  |  | 5.2 |
2026 |  | 188.9 |  |  | 5.9 |
2027 |  | 214.9 |  |  | 4.1 |
Thereafter |  | 2,176.2 |  |  | 3.4 |
Total |  | $3,680.9 |  |  | 4.0 | %
(1)Includes all available extension options. (2)Includes amortization of debt discounts, debt issuance costs, and fair market value adjustments. (3)Includes the effects of the applicable settled forward interest rate swaps.

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