XML 43 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Notes Payable (Summary Of Indebtedness) (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 16, 2024
Jan. 04, 2024
Dec. 31, 2023
Unsecured notes payable $ 3,121,499     $ 3,385,309
Secured notes payable 330,299     330,127
Total notes payable (3) [1] 3,451,800     3,715,400
Commercial Banks [Member]        
Unsecured notes payable $ 177,900     339,900
Commercial Banks [Member] | 6.04% Term Loan, due 2026        
Debt Instrument, Maturity Date Sep. 30, 2026      
Notes payable, effective interest rate 6.04%      
Unsecured notes payable $ 39,900     39,900
Commercial Banks [Member] | 6.21% Term Loan, due 2024        
Debt Instrument, Maturity Date Aug. 30, 2024      
Notes payable, effective interest rate 6.21%   6.21%  
Unsecured notes payable $ 0     300,000
Commercial Banks [Member] | 5.66% Unsecured revolving credit facility        
Notes payable, effective interest rate 5.66%      
Unsecured notes payable $ 138,000     0
Commercial Banks [Member] | Maturity of term loan, due 2026        
Unsecured notes payable 40,000      
Senior Unsecured Notes [Member]        
Unsecured notes payable $ 2,943,600     3,045,400
Senior Unsecured Notes [Member] | 4.36% Notes Due 2024        
Debt Instrument, Maturity Date Jan. 15, 2024      
Notes payable, effective interest rate 4.36%   4.36%  
Unsecured notes payable $ 0     250,000
Senior Unsecured Notes [Member] | 3.68% Notes Due 2024        
Debt Instrument, Maturity Date Sep. 15, 2024      
Notes payable, effective interest rate 3.68% 3.68%    
Unsecured notes payable $ 0     249,700
Senior Unsecured Notes [Member] | 6.76% Notes Due 2026        
Debt Instrument, Maturity Date Nov. 03, 2026      
Notes payable, effective interest rate 6.29%      
Unsecured notes payable [2] $ 510,100     508,600
Senior Unsecured Notes [Member] | 3.74% Notes Due 2028        
Debt Instrument, Maturity Date Oct. 15, 2028      
Notes payable, effective interest rate 3.74%      
Unsecured notes payable $ 399,000     398,700
Senior Unsecured Notes [Member] | 3.67% Notes Due 2029        
Debt Instrument, Maturity Date Jul. 01, 2029      
Notes payable, effective interest rate 3.67%      
Unsecured notes payable [3] $ 596,600     596,100
Senior Unsecured Notes [Member] | 2.91% Notes, due 2030        
Debt Instrument, Maturity Date May 15, 2030      
Notes payable, effective interest rate 2.91%      
Unsecured notes payable $ 745,900     745,400
Senior Unsecured Notes [Member] | 5.06% Notes Due 2034        
Debt Instrument, Maturity Date Jan. 15, 2034      
Notes payable, effective interest rate 5.06%      
Unsecured notes payable $ 395,100     0
Senior Unsecured Notes [Member] | 3.41% Notes Due 2049        
Debt Instrument, Maturity Date Nov. 01, 2049      
Notes payable, effective interest rate 3.41%      
Unsecured notes payable $ 296,900     296,900
Unsecured Debt        
Unsecured notes payable 3,121,500     3,385,300
Secured Debt        
Secured notes payable 330,300     330,100
Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028        
Secured notes payable $ 291,400     291,300
Secured Debt | 3.87% note, due 2028        
Debt Instrument, Maturity Date Jan. 01, 2028      
Notes payable, effective interest rate 3.87%      
Secured notes payable $ 38,900     $ 38,800
Minimum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028        
Debt Instrument, Maturity Date Oct. 01, 2026      
Notes payable, effective interest rate 3.78%      
Maximum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028        
Debt Instrument, Maturity Date Apr. 01, 2028      
Notes payable, effective interest rate 4.04%      
[1] Balances are decreased by unamortized debt discounts, debt issuance costs, and fair market value adjustments, net of $7.1 million and $5.5 million as of September 30, 2024 and December 31, 2023, respectively.
[2] Balances are increased by $12.4 million and $11.6 million for fair value adjustments due to changes in benchmark interest rates related to these notes as of September 30, 2024 and December 31, 2023, respectively. See Note 7, "Derivative Financial Instruments and Hedging Activities," for further discussion.
[3] 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%.