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Corporate Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2021
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, 2021 and December 31, 2020, respectively, by scheduled maturity date (dollars in thousands):
Issuance |  | September 30, 2021 Unpaid Principal Balance |  | September 30, 2021 Accreted Balance |  | December 31, 2020 Accreted Balance |  | Interest Rate (1) |  | Initial Term (in Years) |  | Maturity Date
October 5, 2017 (2) |  | $ | 500,000 |  |  | $ | 499,885 |  |  | $ | 499,803 |  |  |  | 3.25 | % |  | 5 |  | October 2022
November 15, 2012 (3) |  | 300,000 |  |  | 301,275 |  |  | 302,086 |  |  |  | 4.50 | % |  | 10 |  | December 2022
December 17, 2015 (4) |  | 100,000 |  |  | 100,000 |  |  | 100,000 |  |  |  | 4.27 | % |  | 10 |  | December 2025
August 7, 2018 |  | — |  |  | — |  |  | 350,000 |  |  |  | — | % |  | 3 |  | August 2021
|  | $ | 900,000 |  |  | $ | 901,160 |  |  | $ | 1,251,889 |  |  |  |  |  |  |  |
Deferred financing costs, net |  |  |  | (2,042) |  |  | (3,670) |  |  |  |  |  |  |  |
|  | $ | 900,000 |  |  | $ | 899,118 |  |  | $ | 1,248,219 |  |  |  |  |  |  |  |
(1)Interest rate as of September 30, 2021, taking into account interest rate hedges in effect during the period. (2)Issued by the Operating Partnership with the Company as the guarantor. (3)In October 2017, the Company and the Operating Partnership 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% of par. (4)Issued by the Company and the Operating Partnership as co-obligors.
Schedule of combined aggregate principal maturities | Combined aggregate principal maturities of mortgages and other loans payable, the 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2021, including as-of-right extension options, were as follows (in thousands):
| Scheduled Amortization |  | Mortgages and Other Loans Payable |  | Revolving Credit Facility |  | Unsecured Term Loans |  | Trust Preferred Securities |  | Senior Unsecured Notes |  | Total |  | Joint Venture Debt
Remaining 2021 | $ | 2,744 |  |  | $ | 189,699 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 192,443 |  |  | $ | 209,672 |
2022 | 8,754 |  |  | 250,666 |  |  | — |  |  | — |  |  | — |  |  | 800,000 |  |  | 1,059,420 |  |  | 227,056 |
2023 | 6,583 |  |  | 50,000 |  |  | 220,000 |  |  | 1,300,000 |  |  | — |  |  | — |  |  | 1,576,583 |  |  | 750,696 |
2024 | 5,268 |  |  | 332,750 |  |  | — |  |  | 200,000 |  |  | — |  |  | — |  |  | 538,018 |  |  | 623,047 |
2025 | 812 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 100,000 |  |  | 100,812 |  |  | 1,436,027 |
Thereafter | 911 |  |  | 580,547 |  |  | — |  |  | — |  |  | 100,000 |  |  | — |  |  | 681,458 |  |  | 2,543,144 |
| $ | 25,072 |  |  | $ | 1,403,662 |  |  | $ | 220,000 |  |  | $ | 1,500,000 |  |  | $ | 100,000 |  |  | $ | 900,000 |  |  | $ | 4,148,734 |  |  | $ | 5,789,642 |
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,
| 2021 |  | 2020 |  | 2021 |  | 2020
Interest expense before capitalized interest | $ | 34,054 |  |  | $ | 42,595 |  |  | $ | 112,423 |  |  | $ | 144,345 |
Interest on financing leases | 1,229 |  |  | 2,198 |  |  | 4,215 |  |  | 6,010 |
Interest capitalized | (20,141) |  |  | (20,677) |  |  | (58,395) |  |  | (57,528) |
Interest income | (335) |  |  | (580) |  |  | (1,088) |  |  | (1,727) |
Interest expense, net | $ | 14,807 |  |  | $ | 23,536 |  |  | $ | 57,155 |  |  | $ | 91,100 |

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