XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.2
Notes and Bonds Payable (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of debt
The table below details the Company’s notes and bonds payable as of June 30, 2022 and 2021. 
 MATURITY DATESBALANCE AS OFEFFECTIVE INTEREST RATE
as of 6/30/2022
Dollars in thousands6/30/202212/31/2021
$700 million Unsecured Credit Facility
5/23$490,500 $210,000 2.69 %
$200 million Unsecured Term Loan due 2024, net of issuance costs 1
5/24199,572 199,460 2.55 %
$150 million Unsecured Term Loan due 2026, net of issuance costs 2
6/26149,447 149,376 2.79 %
Senior Notes due 2025, net of discount and issuance costs 3
5/25249,176 249,040 4.08 %
Senior Notes due 2028, net of discount and issuance costs1/28296,864 296,612 3.84 %
Senior Notes due 2030, net of discount and issuance costs 4
3/30296,989 296,813 2.71 %
Senior Notes due 2031, net of discount and issuance costs 3/31295,601 295,374 2.24 %
Mortgage notes payable, net of discounts and issuance costs and including premiums8/23-12/2685,606 104,650 3.97 %
$2,063,755 $1,801,325 
1The effective interest rate includes the impact of interest rate swaps on $75.0 million at a weighted average rate of 2.37% (plus the applicable margin rate, currently 100 basis points).
2The effective interest rate includes the impact of interest rate swaps on $100.0 million at a weighted average rate of 2.23% (plus the applicable margin rate, currently 95 basis points).
3The effective interest rate includes the impact of the $1.7 million settlement of forward-starting interest rate swaps that is included in Accumulated other comprehensive loss on the Company's Condensed Consolidated Balance Sheets.
4The effective interest rate includes the impact of the $4.3 million settlement of forward interest rate hedges that is included in Accumulated other comprehensive loss on the Company's Condensed Consolidated Balance Sheets.