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v3.22.1

Indebtedness - Summary of Indebtedness (Details) - USD ($) $ in Thousands | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2022 | Apr. 18, 2022 | Dec. 31, 2021
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 1,772,551 |  |
Unsecured Credit Facility |  | 235,000 |  | $ 79,000
2027 Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 6,070 |  | 6,070
Interest Rate |  | 7.15% |  |
Effective Interest Rate |  | 7.11% |  |
Maturity Date |  | May 15, 2027 |  |
2028 Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 31,901 |  | 31,901
Interest Rate |  | 7.60% |  |
Effective Interest Rate |  | 8.13% |  |
Maturity Date |  | Jul. 15, 2028 |  |
2032 Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 10,600 |  | 10,600
Interest Rate |  | 7.75% |  |
Effective Interest Rate |  | 7.87% |  |
Maturity Date |  | Apr. 15, 2032 |  |
2027 Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 125,000 |  | 125,000
Interest Rate |  | 4.30% |  |
Effective Interest Rate |  | 4.30% |  |
Maturity Date |  | Apr. 20, 2027 |  |
2028 Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 150,000 |  | 150,000
Interest Rate |  | 3.86% |  |
Effective Interest Rate |  | 3.86% |  |
Maturity Date |  | Feb. 15, 2028 |  |
2029 Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 75,000 |  | 75,000
Interest Rate |  | 4.40% |  |
Effective Interest Rate |  | 4.40% |  |
Maturity Date |  | Apr. 20, 2029 |  |
2029 II Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 150,000 |  | 150,000
Interest Rate |  | 3.97% |  |
Effective Interest Rate |  | 4.23% |  |
Maturity Date |  | Jul. 23, 2029 |  |
2030 Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 150,000 |  | 150,000
Interest Rate |  | 3.96% |  |
Effective Interest Rate |  | 3.96% |  |
Maturity Date |  | Feb. 15, 2030 |  |
2030 II Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 100,000 |  | 100,000
Interest Rate |  | 2.74% |  |
Effective Interest Rate |  | 2.74% |  |
Maturity Date |  | Sep. 17, 2030 |  |
2032 Private Placement Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 200,000 |  | 200,000
Interest Rate |  | 2.84% |  |
Effective Interest Rate |  | 2.84% |  |
Maturity Date |  | Sep. 17, 2032 |  |
2015 Unsecured Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 260,000 |  | 260,000
Interest Rate |  | 2.89% |  |
Maturity Date |  | Sep. 12, 2022 |  |
2021 Unsecured Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 200,000 |  | 200,000
Interest Rate |  | 1.84% |  |
Maturity Date |  | Jul. 07, 2026 |  |
2022 Unsecured Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  |  | $ 425,000 |
Mortgage Loans Payable |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 78,980 |  | 79,764
Unamortized Debt Issuance Costs |  | (56) |  | (90)
Long-term Debt |  | $ 78,924 |  | 79,674
Maturity Date Range, Start |  | Sep. 01, 2022 |  |
Maturity Date Range, End |  | Aug. 01, 2028 |  |
Senior Unsecured Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | $ 998,571 |  | 998,571
Unamortized Debt Issuance Costs |  | (5,312) |  | (5,491)
Unamortized Discounts |  | (57) |  | (59)
Long-term Debt |  | 993,202 |  | 993,021
Unsecured Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long-term Debt, Gross |  | 460,000 |  | 460,000
Unamortized Debt Issuance Costs |  | (1,454) |  | (1,675)
Long-term Debt |  | 458,546 |  | 458,325
Unsecured Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Unamortized Debt Issuance Costs |  | (4,254) |  | (4,577)
Unsecured Credit Facility | [1] | $ 235,000 |  | $ 79,000
Interest Rate |  | 1.23% |  |
Maturity Date | [1] | Jul. 07, 2025 |  |
Minimum | Mortgage Loans Payable |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest Rate |  | 4.03% |  |
Effective Interest Rate |  | 4.03% |  |
Maximum | Mortgage Loans Payable |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest Rate |  | 4.17% |  |
Effective Interest Rate |  | 4.17% |  |
[1] | Amounts exclude unamortized debt issuance costs of $4,254 and $4,577 as of March 31, 2022 and December 31, 2021, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net. (C) On April 18, 2022, we entered into a $425,000 unsecured term loan, which replaces our 2015 Unsecured Term Loan. See Note 13 for additional information.

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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