XML 72 R34.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Mortgages and Notes Payable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2019 |  | 2018
Secured indebtedness: |  |  |
4.00% mortgage loan due 2029 (1) | $ | 95,303 |  |  | $ | 97,179 |
| 95,303 |  |  | 97,179 |
Unsecured indebtedness: |  |  |
3.20% (3.363% effective rate) notes due 2021 (2) | 299,369 |  |  | 298,936 |
3.625% (3.752% effective rate) notes due 2023 (3) | 249,201 |  |  | 248,938 |
3.875% (4.038% effective rate) notes due 2027 (4) | 297,134 |  |  | 296,734 |
4.125% (4.271% effective rate) notes due 2028 (5) | 346,621 |  |  | 346,208 |
4.20% (4.234% effective rate) notes due 2029 (6) | 349,091 |  |  | — |
3.050% (3.079% effective rate) notes due 2030 (7) | 399,009 |  |  | — |
Variable rate term loan due 2020 (8) | — |  |  | 225,000 |
Variable rate term loan due 2022 (9) | 100,000 |  |  | 200,000 |
Variable rate term loan due 2022 (10) | 200,000 |  |  | 200,000 |
Revolving credit facility due 2022 (11) | 221,000 |  |  | 182,000 |
| 2,461,425 |  |  | 1,997,816 |
Less-unamortized debt issuance costs | (13,018 | ) |  | (9,164 | )
Total mortgages and notes payable, net | $ | 2,543,710 |  |  | $ | 2,085,831 |
__________
(1) | Our secured mortgage loan was collateralized by real estate assets with an undepreciated book value of $147.1 million at December 31, 2019. We paid down $1.9 million of secured loan balances through principal amortization during 2019.
(2) | Net of unamortized original issuance discount of $0.6 million and $1.1 million as of December 31, 2019 and 2018, respectively.
(3) | Net of unamortized original issuance discount of $0.8 million and $1.1 million as of December 31, 2019 and 2018, respectively.
(4) | Net of unamortized original issuance discount of $2.9 million and $3.3 million as of December 31, 2019 and 2018, respectively.
(5) | Net of unamortized original issuance discount of $3.4 million and $3.8 million as of December 31, 2019 and 2018, respectively.
(6) | Net of unamortized original issuance discount of $0.9 million as of December 31, 2019.
(7) | Net of unamortized original issuance discount of $1.0 million as of December 31, 2019.
(8) | This debt was repaid in 2019.
(9) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for $50.0 million of this loan through January 2022. Accordingly, the equivalent fixed rate of this amount is 2.79%. The interest rate on the remaining $50.0 million was 2.81% at December 31, 2019.
(10) | The interest rate was 2.90% at December 31, 2019.
(11) | The interest rate was 2.73% at December 31, 2019.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2019:
Years Ending December 31, |  | Principal Amount
2020 |  | $ | 248 |
2021 |  | 300,560 |
2022 |  | 521,842 |
2023 |  | 251,180 |
2024 |  | 1,281 |
Thereafter |  | 1,481,617 |
Less-unamortized debt issuance costs |  | (13,018 | )
|  | $ | 2,543,710 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration