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v3.23.1

Notes Payable (Tables) | 3 Months Ended
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Mar. 31, 2023
Notes Payable [Abstract] |
Summary Of Indebtedness | The following is a summary of our indebtedness:
(in millions) |  | March 31, 2023 |  | December 31, 2022
Commercial banks |  |  |  |
5.84% Term Loan, due 2024 |  | $ | 39.9 |  |  | $ | 39.8 |
5.70% Term Loan, due 2024 |  | 300.0 |  |  | 300.0 |
5.63% Unsecured revolving credit facility |  | 108.0 |  |  | 42.0 |
|  | $ | 447.9 |  |  | $ | 381.8 |
Senior unsecured notes |  |  |  |
5.07% Notes, due 2023 |  | 249.9 |  |  | 249.8 |
4.36% Notes, due 2024 |  | 249.8 |  |  | 249.7 |
3.68% Notes, due 2024 |  | 249.4 |  |  | 249.2 |
3.74% Notes, due 2028 |  | 398.4 |  |  | 398.3 |
3.67% Notes, due 2029 (1) |  | 595.6 |  |  | 595.5 |
2.91% Notes, due 2030 |  | 744.9 |  |  | 744.8 |
3.41% Notes, due 2049 |  | 296.8 |  |  | 296.8 |
|  | $ | 2,784.8 |  |  | $ | 2,784.1 |
Total unsecured notes payable |  | $ | 3,232.7 |  |  | $ | 3,165.9 |
Secured notes |  |  |  |
Master Credit Facilities |  |  |  |
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 |  | $ | 291.2 |  |  | $ | 291.2 |
6.69% Variable Rate Notes, due 2026 |  | 166.3 |  |  | 166.2 |
6.99% Variable Rate Construction Note, due 2024 |  | 18.9 |  |  | 18.9 |
3.87% note, due 2028 |  | 38.7 |  |  | 38.7 |
Total secured notes payable |  | $ | 515.1 |  |  | $ | 515.0 |
Total notes payable (2) |  | $ | 3,747.8 |  |  | $ | 3,680.9 |
(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 $17.1 million and $18.0 million are included in notes payable as of March 31, 2023 and December 31, 2022, 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 March 31, 2023:
(in millions) (1) |  | Amount (2) |  | Weighted Average Interest Rate (3)
Remainder of 2023 |  | $ | 247.5 |  |  | 5.1 | %
2024 |  | 556.5 |  |  | 4.2 |
2025 |  | 297.8 |  |  | 5.7 |
2026 |  | 188.9 |  |  | 6.4 |
2027 |  | 280.9 |  |  | 4.6 |
Thereafter |  | 2,176.2 |  |  | 3.4 |
Total |  | $ | 3,747.8 |  |  | 4.1 | %
(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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