XML 56 R42.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Notes and Bonds Payable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Instrument [Line Items] |
Schedule of debt |
| DECEMBER 31, | MATURITY DATES | CONTRACTUAL INTEREST RATES | EFFECTIVE INTEREST RATES | PRINCIPAL PAYMENTS | INTEREST PAYMENTS
Dollars in thousands | 2023 | 2022
$1.5B Unsecured Credit Facility | — |  | 385,000 |  | 10/25 | SOFR + 0.95% | 6.24 | % | At maturity | Monthly
$350M Unsecured Term Loan 1 | 349,798 |  | 349,114 |  | 7/24 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
$200M Unsecured Term Loan 1 | 199,903 |  | 199,670 |  | 5/24 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
$150M Unsecured Term Loan 1 | 149,643 |  | 149,495 |  | 6/26 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
$300M Unsecured Term Loan 1 | 299,958 |  | 299,936 |  | 10/25 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
$200M Unsecured Term Loan 1 | 199,502 |  | 199,362 |  | 7/27 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
$300M Unsecured Term Loan 1 | 298,288 |  | 297,869 |  | 1/28 | SOFR + 1.05% | 6.30 | % | At maturity | Monthly
Senior Notes due 2025 1 | 249,484 |  | 249,115 |  | 5/25 | 3.88 | % | 4.12 | % | At maturity | Semi-annual
Senior Notes due 2026 1 | 579,017 |  | 571,587 |  | 8/26 | 3.50 | % | 4.94 | % | At maturity | Semi-annual
Senior Notes due 2027 1 | 483,727 |  | 479,553 |  | 7/27 | 3.75 | % | 4.76 | % | At maturity | Semi-annual
Senior Notes due 2028 1 | 297,429 |  | 296,852 |  | 1/28 | 3.63 | % | 3.85 | % | At maturity | Semi-annual
Senior Notes due 2030 1 | 575,443 |  | 565,402 |  | 2/30 | 3.10 | % | 5.30 | % | At maturity | Semi-annual
Senior Notes due 2030 1 | 296,780 |  | 296,385 |  | 3/30 | 2.40 | % | 2.72 | % | At maturity | Semi-annual
Senior Notes due 2031 1 | 295,832 |  | 295,547 |  | 3/31 | 2.05 | % | 2.25 | % | At maturity | Semi-annual
Senior Notes due 2031 1 | 649,521 |  | 632,693 |  | 3/31 | 2.00 | % | 5.13 | % | At maturity | Semi-annual
Mortgage notes payable 2 | 70,534 |  | 84,247 |  | 1/24-12/26 | 3.6%-4.77% | 3.57%-6.88% | Monthly | Monthly
| $ | 4,994,859 |  | $ | 5,351,827 |  |  |  |  |  |
1 Balances are shown net of discounts and unamortized issuance costs. 2 Balances are shown net of discounts and unamortized issuance costs and include premiums.
Schedule of mortgage notes payable | The following table details the Company’s mortgage notes payable, with related collateral.
| ORIGINAL BALANCE | EFFECTIVE INTEREST RATE 9 | MATURITY DATE | COLLATERAL 10 | PRINCIPAL AND INTEREST PAYMENTS 8 | INVESTMENT IN COLLATERAL at December 31, | BALANCE at December 31,
Dollars in millions | 2023 | 2023 | 2022
Life Insurance Co. 1 | 12.3 |  | 3.86 | % | 8/23 | MOB | Monthly/7-yr amort. | — |  | — |  | 10.0 |
Life Insurance Co. 2 | 9.0 |  | 4.84 | % | 12/23 | MOB,OFC | Monthly/10-yr amort. | — |  | — |  | 6.8 |
Life Insurance Co. 3 | 13.3 |  | 4.13 | % | 1/24 | MOB | Monthly/10-yr amort. | 24.4 |  | 11.3 |  | 11.7 |
Life Insurance Co. 4 | 6.8 |  | 3.96 | % | 2/24 | MOB | Monthly/7-yr amort. | 12.6 |  | 5.6 |  | 5.8 |
Financial Services 5 | 9.7 |  | 4.32 | % | 9/24 | MOB | Monthly/10-yr amort. | 16.9 |  | 7.2 |  | 7.5 |
Life Insurance Co. 6 | 16.5 |  | 3.43 | % | 12/25 | MOB,OFC | Monthly/7-yr amort. | 49.2 |  | 15.9 |  | 16.2 |
Financial Services | 11.5 |  | 3.71 | % | 1/26 | MOB | Monthly/10-yr amort. | 41.7 |  | 7.8 |  | 8.3 |
Life Insurance Co. 7 | 6.0 |  | 6.88 | % | 4/26 | MOB | Monthly/7-yr amort. | 11.6 |  | 5.2 |  | — |
Life Insurance Co. | 19.2 |  | 4.08 | % | 12/26 | MOB | Monthly/10-yr amort. | 45.7 |  | 17.5 |  | 17.9 |
|  |  |  |  |  | $ | 202.1 |  | $ | 70.5 |  | $ | 84.2 |
1 The Company repaid this loan in August 2023. The Company's unencumbered gross investment was $26.0 million at December 31, 2023. 2 The Company repaid this loan in December 2023. The Company's unencumbered gross investment was $24.5 million at December 31, 2023. 3 The unamortized portion of the $0.8 million premium recorded on this note upon acquisition is included in the balance above. 4 The unamortized portion of the $0.2 million premium recorded on this note upon acquisition is included in the balance above. 5 The unamortized portion of the $0.1 million premium recorded on this note upon acquisition is included in the balance above. 6 The unamortized portion of the $0.7 million premium recorded on this note upon acquisition is included in the balance above. 7 The unaccreted portion of the $0.3 million discount recorded on this note upon acquisition is included in the balance above. 8 Payable in monthly installments of principal and interest with the final payment due at maturity (unless otherwise noted). 9 The contractual interest rates for the seven outstanding mortgage notes ranged from 3.6% to 4.8% as of December 31, 2023. 10 MOB-Medical office building; OFC-Office
Schedule of future contractual maturities of the company's notes and bonds payable | Future maturities of the Company’s notes and bonds payable as of December 31, 2023, were as follows:
Dollars in thousands | PRINCIPAL MATURITIES | NET ACCRETION/ AMORTIZATION 1 | DEBT ISSUANCE COSTS 2 | NOTES AND BONDS PAYABLE | %
2024 | $ | 575,473 |  | $ | (41,050) |  | $ | (2,438) |  | $ | 531,985 |  | 10.7 | %
2025 | 566,375 |  | (43,163) |  | (1,916) |  | 521,296 |  | 10.4 | %
2026 | 778,904 |  | (41,837) |  | (1,650) |  | 735,417 |  | 14.7 | %
2027 | 700,000 |  | (36,192) |  | (1,519) |  | 662,289 |  | 13.3 | %
2028 | 600,000 |  | (35,179) |  | (707) |  | 564,114 |  | 11.3 | %
2029 and thereafter | 2,049,285 |  | (68,382) |  | (1,145) |  | 1,979,758 |  | 39.6 | %
| $ | 5,270,037 |  | $ | (265,803) |  | $ | (9,375) |  | $ | 4,994,859 |  | 100.0 | %
1 Includes discount accretion and premium amortization related to the Company’s Senior Notes and four mortgage notes payable. 2 Excludes approximate ly $3.9 million in debt issuance costs related to the Company's Unsecured Credit Facility included in other assets, net.
Senior Notes |
Debt Instrument [Line Items] |
Schedule of senior notes assumed with the merger | The following table reconciles the Company’s aggregate Senior notes principal balance with the Company’s Consolidated Balance Sheets as of December 31, 2023 and 2022.
| DECEMBER 31,
Dollars in thousands | 2023 | 2022
Senior notes principal balance | $ | 3,699,285 |  | $ | 3,699,500 |
Unaccreted discount | (265,852) |  | (304,919) |
Debt issuance costs | (6,200) |  | (7,447) |
Senior notes carrying amount | $ | 3,427,233 |  | $ | 3,387,134 |
Term Loan Net | Term Loan |
Debt Instrument [Line Items] |
Schedule of debt | The following table reconciles the Company’s aggregate term loan principal balance with the Company’s Consolidated Balance Sheets as of December 31, 2023 and 2022.
| DECEMBER 31,
Dollars in thousands | 2023 | 2022
Term loan principal balances | $ | 1,500,000 |  | $ | 1,500,000 |
Debt issuance costs | (2,908) |  | (4,554) |
Term Loans carrying amount | $ | 1,497,092 |  | $ | 1,495,446 |
Mortgage Notes Payable | Mortgage Notes |
Debt Instrument [Line Items] |
Schedule of debt | The following table reconciles the Company’s aggregate mortgage notes principal balance with the Company’s Consolidated Balance Sheets as of December 31, 2023 and 2022.
| DECEMBER 31,
Dollars in thousands | 2023 | 2022
Mortgage notes payable principal balance | $ | 70,752 |  | $ | 84,122 |
Unamortized premium | 285 |  | 486 |
Unaccreted discount | (237) |  | (38) |
Debt issuance costs | (266) |  | (323) |
Mortgage notes payable carrying amount | $ | 70,534 |  | $ | 84,247 |

X
- Definition Schedule of Senior Notes Assumed with the Merger + References No definition available. + Details
Name: | hr_ScheduleOfSeniorNotesAssumedWithTheMergerTableTextBlock
Namespace Prefix: | hr_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Mortgage Notes Payable [Table Text Block] + References No definition available. + Details
Name: | hr_ScheduleofMortgageNotesPayableTableTextBlock
Namespace Prefix: | hr_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 14: 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 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hr_TermLoanNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hr_TermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hr_MortgageNotesPayableNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |