XML 47 R38.htm IDEA: XBRL DOCUMENT v3.23.2
Notes Payable (Narrative) (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Aug. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
yr
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
yr
Jun. 30, 2022
USD ($)
May 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Apr. 01, 2022
USD ($)
Notes Payable [1]   $ 3,682,400   $ 3,682,400     $ 3,680,900  
Unamortized debt discounts and debt issuance costs   15,500   15,500     18,000  
Unsecured Debt   $ 3,352,415   $ 3,352,415     3,165,924  
Weighted Average Interest Rate [2]   4.10%   4.10%        
Weighted average maturity of indebtedness (including unsecured line of credit) (in years) | yr   6.3   6.3        
Secured notes payable   $ 330,015   $ 330,015     514,989  
Debt Instrument, Unamortized Discount (Premium), Net   900   900       $ 2,400
Amortization of Debt Discount (Premium)   100 $ 100 300 $ 100      
Available amount under unsecured credit facility   705,200   705,200        
Payment for Debt Extinguishment or Debt Prepayment Cost       1,700        
Gain (Loss) on Extinguishment of Debt   (2,513) 0 (2,513) 0      
Letter Of Credit [Member]                
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility   50,000   50,000        
Outstanding balance under credit facility   17,800   17,800        
Commercial Banks [Member]                
Unsecured Debt   816,900   816,900     381,800  
Senior Unsecured Notes [Member]                
Unsecured Debt   2,535,500   $ 2,535,500     2,784,100  
5.88% 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              
5.88% Unsecured revolving credit facility | September 2022 Credit Agreement                
Maximum borrowing capacity under unsecured credit facility   1,200,000   1,200,000        
5.88% Unsecured revolving credit facility | Commercial Banks [Member]                
Unsecured Debt   $ 477,000   $ 477,000     42,000  
Notes payable, effective interest rate   5.88%   5.88%        
Floating rate notes payable [Member]                
Notes Payable   $ 816,900 [3] $ 274,900 $ 816,900 [3] $ 274,900   566,900 [3]  
Weighted Average Interest Rate   5.90% 2.90% 5.90% 2.90%      
6.35% Term Loan, due 2024 | Commercial Banks [Member]                
Unsecured Debt   $ 39,900   $ 39,900     $ 39,800  
Debt Instrument, Maturity Date       Sep. 30, 2024        
Notes payable, effective interest rate   6.35%   6.35%        
Secured variable rate notes                
Debt Instrument, Unamortized Discount           $ 800    
Secured variable rate notes | Secured Debt                
Secured notes payable           $ 185,200    
Gain (Loss) on Extinguishment of Debt       $ 2,500        
[1] Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $15.5 million and $18.0 million are included in notes payable as of June 30, 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 June 30, 2023 and December 31, 2022