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Notes and Bonds Payable | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Notes and Bonds Payable | Notes and Bonds Payable The table below details the Company’s notes and bonds payable as of September 30, 2023 and December 31, 2022.
| MATURITY DATES | BALANCE 1 AS OF | EFFECTIVE INTEREST RATE as of 9/30/2023
Dollars in thousands | 9/30/2023 | 12/31/2022
$1.5 billion Unsecured Credit Facility | 10/25 | $ | 236,000 |  | $ | 385,000 |  | 6.24 | %
$200 million Unsecured Term Loan | 5/24 | 199,845 |  | 199,670 |  | 6.30 | %
$350 million Unsecured Term Loan 2 | 7/24 | 349,711 |  | 349,114 |  | 6.30 | %
$300 million Unsecured Term Loan | 10/25 | 299,952 |  | 299,936 |  | 6.30 | %
$150 million Unsecured Term Loan | 6/26 | 149,606 |  | 149,495 |  | 6.30 | %
$200 million Unsecured Term Loan | 7/27 | 199,467 |  | 199,362 |  | 6.30 | %
$300 million Unsecured Term Loan | 1/28 | 298,184 |  | 297,869 |  | 6.30 | %
Senior Notes due 2025 | 5/25 | 249,391 |  | 249,115 |  | 4.12 | %
Senior Notes due 2026 | 8/26 | 577,124 |  | 571,587 |  | 4.94 | %
Senior Notes due 2027 | 7/27 | 482,665 |  | 479,553 |  | 4.76 | %
Senior Notes due 2028 | 1/28 | 297,283 |  | 296,852 |  | 3.85 | %
Senior Notes due 2030 | 2/30 | 572,883 |  | 565,402 |  | 5.30 | %
Senior Notes due 2030 | 3/30 | 296,679 |  | 296,385 |  | 2.72 | %
Senior Notes due 2031 | 3/31 | 295,706 |  | 295,547 |  | 2.25 | %
Senior Notes due 2031 | 3/31 | 645,232 |  | 632,693 |  | 5.13 | %
Mortgage notes payable | 12/23-12/26 | 77,685 |  | 84,247 |  | 3.57%-6.88%
|  | $ | 5,227,413 |  | $ | 5,351,827 |  |
. 1 Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable. 2 On April 26, 2023, the Company exercised its option to extend the maturity date for one year for a fee of approximately $0.4 million. Changes in Mortgage Notes Payable On July 28, 2023, the Company assumed a mortgage note payable of $5.6 million in connection with the acquisition of a 42,770 square foot property in Colorado Springs, Colorado. The note bears interest at a rate of 4.5% per annum and matures on April 1, 2026. On August 1, 2023, the Company repaid in full at maturity a mortgage note payable bearing interest at a rate of 3.31% per annum with an outstanding principal of $9.8 million. The mortgage note encumbered a 66,984 square foot property in Marietta, Georgia.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
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