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Corporate Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Schedule of senior unsecured notes and other related disclosures by scheduled maturity date | The following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2018 and December 31, 2017, respectively, by scheduled maturity date (amounts in thousands):
Issuance |  | September 30, 2018 Unpaid Principal Balance |  | September 30, 2018 Accreted Balance |  | December 31, 2017 Accreted Balance |  | Interest Rate (1) |  | Initial Term (in Years) |  | Maturity Date
March 16, 2010 (2) |  | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | 250,000 |  |  |  | 7.75 | % |  | 10 |  | March 2020
August 7, 2018 (3) |  | 350,000 |  |  | 350,000 |  |  | — |  |  | L+ | 0.98 | % |  | 3 |  | August 2021
October 5, 2017 (3) |  | 500,000 |  |  | 499,565 |  |  | 499,489 |  |  |  | 3.25 | % |  | 5 |  | October 2022
November 15, 2012 (4) |  | 300,000 |  |  | 304,421 |  |  | 305,163 |  |  |  | 4.50 | % |  | 10 |  | December 2022
December 17, 2015 (2) |  | 100,000 |  |  | 100,000 |  |  | 100,000 |  |  |  | 4.27 | % |  | 10 |  | December 2025
August 5, 2011 (2) (5) |  | — |  |  | — |  |  | 249,953 |  |  |  |  |  |  |  |
|  | $ | 1,500,000 |  |  | $ | 1,503,986 |  |  | $ | 1,404,605 |  |  |  |  |  |  |  |
Deferred financing costs, net |  |  |  | (9,160 | ) |  | (8,666 | ) |  |  |  |  |  |  |
|  | $ | 1,500,000 |  |  | $ | 1,494,826 |  |  | $ | 1,395,939 |  |  |  |  |  |  |  |
(1) | Interest rate as of September 30, 2018, taking into account interest rate hedges in effect during the period. Floating rate notes are presented with the stated spread over 3-month LIBOR, unless otherwise specified. Interest on the senior unsecured notes is payable semi-annually with principal and unpaid interest due on the scheduled maturity dates.
(2) | Issued by the Company, the Operating Partnership and ROP, as co-obligors.
(3) | Issued by the Operating Partnership with the Company and ROP as guarantors.
(4) | In October 2017, the Company, the Operating Partnership and ROP, as co-obligors, issued an additional $100.0 million of 4.50% senior unsecured notes due December 2022. The notes were priced at 105.334%.
Schedule of combined aggregate principal maturities | Combined aggregate principal maturities of mortgages and other loans payable, 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2018, including as-of-right extension options and put options, were as follows (in thousands):
| Scheduled Amortization |  | Principal |  | Revolving Credit Facility |  | Unsecured Term Loans |  | Trust Preferred Securities |  | Senior Unsecured Notes |  | Total |  | Joint Venture Debt
Remaining 2018 | $ | 9,881 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,881 |  |  | $ | 2,568 |
2019 | 42,271 |  |  | 116,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 158,271 |  |  | 115,295 |
2020 | 23,466 |  |  | 704,531 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |  |  | 977,997 |  |  | 276,822 |
2021 | 11,638 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 350,000 |  |  | 361,638 |  |  | 454,621 |
2022 | 9,430 |  |  | 198,555 |  |  | — |  |  | — |  |  | — |  |  | 800,000 |  |  | 1,007,985 |  |  | 220,810 |
Thereafter | 16,591 |  |  | 1,251,667 |  |  | 145,000 |  |  | 1,500,000 |  |  | 100,000 |  |  | 100,000 |  |  | 3,113,258 |  |  | 2,879,344 |
| $ | 113,277 |  |  | $ | 2,270,753 |  |  | $ | 145,000 |  |  | $ | 1,500,000 |  |  | $ | 100,000 |  |  | $ | 1,500,000 |  |  | $ | 5,629,030 |  |  | $ | 3,949,460 |
Schedule of consolidated interest expense, excluding capitalized interest | Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Interest expense before capitalized interest | $ | 64,078 |  |  | $ | 72,859 |  |  | $ | 180,550 |  |  | $ | 217,273 |
Interest capitalized | (8,504 | ) |  | (6,869 | ) |  | (22,785 | ) |  | (19,892 | )
Interest income | (406 | ) |  | (356 | ) |  | (1,070 | ) |  | (1,269 | )
Interest expense, net | $ | 55,168 |  |  | $ | 65,634 |  |  | $ | 156,695 |  |  | $ | 196,112 |

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