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v3.23.1

Notes Payable (Narrative) (Details) $ in Thousands | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Aug. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) yr | Dec. 31, 2022 USD ($) | Apr. 01, 2022 USD ($) | Mar. 31, 2022 USD ($)
Notes Payable | [1] |  | $ 3,747,800 |  | $ 3,680,900 |  |  |
Unamortized debt discounts and debt issuance costs |  |  | 17,100 |  | 18,000 |  |  |
Unsecured Debt |  |  | $ 3,232,682 |  | 3,165,924 |  |  |
Weighted Average Interest Rate | [2] |  | 4.10% |  |  |  |  |
Weighted average maturity of indebtedness (including unsecured line of credit) (in years) | yr |  |  | 6.1 |  |  |  |  |
Secured notes payable |  |  | $ 515,134 |  | 514,989 |  |  |
Debt Instrument, Unamortized Discount (Premium), Net |  |  | 1,800 |  |  |  | $ 2,400 |
Amortization of Debt Discount (Premium) |  |  | 100 |  |  |  |  |
Available amount under unsecured credit facility |  |  | 1,100,000 |  |  |  |  |
Letter Of Credit [Member] |  |  |  |  |  |  |  |
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility |  |  | 50,000 |  |  |  |  |
Outstanding balance under credit facility |  |  | 14,200 |  |  |  |  |
Commercial Banks [Member] |  |  |  |  |  |  |  |
Unsecured Debt |  |  | 447,900 |  | 381,800 |  |  |
Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |
Unsecured Debt |  |  | $ 2,784,800 |  | 2,784,100 |  |  |
5.63% Unsecured revolving credit facility |  |  |  |  |  |  |  |
Maximum term of bid rate loans (days) |  |  | 180 days |  |  |  |  |
Lesser of amount stated or the amount available under the unsecured credit facility |  |  | $ 600,000 |  |  |  |  |
Line of Credit Facility, Increase (Decrease), Net |  | $ 300,000 |  |  |  |  |  |
5.63% Unsecured revolving credit facility | September 2022 Credit Agreement |  |  |  |  |  |  |  |
Maximum borrowing capacity under unsecured credit facility |  |  | 1,200,000 |  |  |  |  |
5.63% Unsecured revolving credit facility | Commercial Banks [Member] |  |  |  |  |  |  |  |
Unsecured Debt |  |  | $ 108,000 |  | 42,000 |  |  |
Notes payable, effective interest rate |  |  | 5.63% |  |  |  |  |
Floating rate notes payable [Member] |  |  |  |  |  |  |  |
Notes Payable |  |  | $ 633,100 | [3] | 566,900 | [3] |  | $ 539,900
Weighted Average Interest Rate |  |  | 6.00% |  |  |  |  | 1.30%
5.84% Term Loan, due 2024 | Commercial Banks [Member] |  |  |  |  |  |  |  |
Unsecured Debt |  |  | $ 39,900 |  | $ 39,800 |  |  |
Debt Instrument, Maturity Date |  |  | Sep. 30, 2024 |  |  |  |  |
Notes payable, effective interest rate |  |  | 5.84% |  |  |  |  |
[1] | Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $17.1 million and $18.0 million are included in notes payable as of March 31, 2023 and December 31, 2022, respectively.
[2] | Includes the effects of the applicable settled forward interest rate swaps.
[3] | Includes balances outstanding under our unsecured revolving credit facility at March 31, 2023 and December 31, 2022

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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 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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