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v3.21.2

Mortgages and Notes Payable (Details) | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2021 USD ($) numberOfLoans | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) extension | Sep. 30, 2021 USD ($) numberOfLoans | Sep. 30, 2020 USD ($) | Oct. 19, 2021 USD ($) | Dec. 31, 2020 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 2,942,902,000 |  |  | $ 2,942,902,000 |  |  | $ 2,470,021,000
Unamortized debt issuance costs | (15,808,000) |  |  | (15,808,000) |  |  | (13,981,000)
Loss on debt extinguishment |  |  |  | (134,000) | $ (3,671,000) |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity on credit facility |  |  | $ 750,000,000 |  |  |  | 600,000,000
Additional borrowing capacity on revolving credit facility |  |  | $ 550,000,000 |  |  |  |
Number of additional extensions | extension |  |  | 2 |  |  |  |
Term of optional extension |  |  | 6 months |  |  |  |
Deferred financing fees |  |  | $ 4,800,000 |  |  |  |
Loss on debt extinguishment |  |  | $ (100,000) |  |  |  |
Amount outstanding on revolving credit facility | 135,000,000 |  |  | 135,000,000 |  |  |
Outstanding letters of credit on revolving credit facility | 100,000 |  |  | 100,000 |  |  |
Unused borrowing capacity on revolving credit facility | 614,900,000 |  |  | 614,900,000 |  |  |
PAC Portfolio Acquisition [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Unamortized debt issuance costs | $ (3,410,000) |  |  | $ (3,410,000) |  |  |
Number of loans assumed in acquisition | numberOfLoans | 4 |  |  | 4 |  |  |
Unsecured Bridge Facility Due 2022 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity on credit facility | $ 200,000,000 |  |  | $ 200,000,000 |  |  |
Term of optional extension | 6 months |  |  |  |  |  |
Deferred financing fees | $ 1,000,000 |  |  | 1,000,000 |  |  |
Amount outstanding on revolving credit facility | $ 88,000,000 |  |  | 88,000,000 |  |  |
Term of debt instrument | 6 months |  |  |  |  |  |
3.20% (3.363% effective rate) Notes due 2021 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Loss on debt extinguishment |  | $ (100,000) |  |  |  |  |
Early repayment of debt |  | $ 150,000,000 |  |  |  |  |
Stated interest rate (in hundredths) |  | 3.20% |  |  |  |  |
Secured indebtedness [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 493,887,000 |  |  | 493,887,000 |  |  | 93,350,000
Aggregate undepreciated book value of secured real estate assets | 721,000,000 |  |  | 721,000,000 |  |  |
Secured indebtedness [Member] | PAC Portfolio Acquisition [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | 398,643,000 |  |  | 398,643,000 |  |  |
Secured indebtedness [Member] | 4.27% (3.61% effective rate) mortgage loan due 08/2028 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 116,374,000 |  |  | $ 116,374,000 |  |  |
Effective interest rate (in hundredths) | 3.61% |  |  | 3.61% |  |  |
Secured indebtedness [Member] | 3.61% (3.19% effective rate) mortgage loan due 08/2029 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 85,049,000 |  |  | $ 85,049,000 |  |  |
Effective interest rate (in hundredths) | 3.19% |  |  | 3.19% |  |  |
Secured indebtedness [Member] | 3.40% (3.50% effective rate) mortgage loan due 04/2033 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 69,409,000 |  |  | $ 69,409,000 |  |  |
Effective interest rate (in hundredths) | 3.50% |  |  | 3.50% |  |  |
Secured indebtedness [Member] | 4.60% (3.73% effective rate) mortgage loan due 01/2037 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 131,221,000 |  |  | $ 131,221,000 |  |  |
Effective interest rate (in hundredths) | 3.73% |  |  | 3.73% |  |  |
Unsecured indebtedness [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Mortgages and notes payable | $ 2,464,823,000 |  |  | $ 2,464,823,000 |  |  | $ 2,390,652,000
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Facility interest rate basis |  |  | LIBOR |  |  |  |
Interest rate, basis spread (in hundredths) |  |  | 0.90% |  |  |  |
Annual facility fee (in hundredths) |  |  | 0.20% |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Unsecured Bridge Facility Due 2022 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Facility interest rate basis | LIBOR |  |  |  |  |  |
Interest rate, basis spread (in hundredths) | 0.85% |  |  |  |  |  |
Annual facility fee (in hundredths) | 0.20% |  |  |  |  |  |
Subsequent Event [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Amount outstanding on revolving credit facility |  |  |  |  |  | $ 155,000,000 |
Outstanding letters of credit on revolving credit facility |  |  |  |  |  | 100,000 |
Unused borrowing capacity on revolving credit facility |  |  |  |  |  | 594,900,000 |
Subsequent Event [Member] | Unsecured Bridge Facility Due 2022 [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Amount outstanding on revolving credit facility |  |  |  |  |  | $ 88,000,000 |

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