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v3.4.0.3

Debt, Net (Details) - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015
Debt |  |  |
Carrying Value | $ 2,140,212,000 |  | $ 2,077,752,000
Deferred financing costs, net | 5,182,000 |  | 5,867,000
Interest costs capitalized | 1,800,000 | $ 2,100,000 |
Loans payable |  |  |
Debt |  |  |
Deferred financing costs, net | 7,500,000 |  | 8,000,000
Mortgage and Other Secured Loans: |  |  |
Debt |  |  |
Carrying Value | 329,270,000 |  | 331,000,000
Fixed rate mortgage loans |  |  |
Debt |  |  |
Carrying Value | $ 279,782,000 |  | 281,208,000
Stated interest rates, low end of range (as a percent) | 3.96% |  |
Stated interest rates, high end of range (as a percent) | 7.87% |  |
Unamortized premium included in carrying value | $ 489,000 |  | 514,000
Weighted-average interest rate excluding incremental rate on default rate | 6.08% |  |
Variable rate secured loans |  |  |
Debt |  |  |
Carrying Value | $ 49,488,000 |  | 49,792,000
Description of variable rate basis | LIBOR |  |
Stated interest rate (as a percent) | 2.40% |  |
Variable rate secured loans | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 1.85% |  |
Variable rate secured loans | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 2.00% |  |
Variable rate secured loans | Revolving Credit Facility |  |  |
Debt |  |  |
Weighted average interest rate (as a percent) | 1.60% |  |
Revolving Credit Facility |  |  |
Debt |  |  |
Carrying Value | $ 107,000,000 |  | 43,500,000
Description of variable rate basis | LIBOR |  |
Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 0.875% |  |
Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 1.60% |  |
Term Loan Facilities |  |  |
Debt |  |  |
Carrying Value | $ 516,205,000 |  | 515,902,000
Increase to maximum borrowing capacity | 150,000,000 |  |
Aggregate additional borrowing capacity available | $ 430,000,000 |  |
Description of variable rate basis | LIBOR |  |
Weighted average interest rate (as a percent) | 2.08% |  |
Term Loan Facilities | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 0.90% |  |
Term Loan Facilities | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 2.60% |  |
3.60% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 346,817,000 |  | 346,714,000
Stated interest rate (as a percent) | 3.60% |  |
Debt instrument, face amount | $ 350,000 |  |
Unamortized discount included in carrying value | $ 2,200,000 |  | 2,200,000
Interest rate on debt (as a percent) | 3.70% |  |
5.250% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 245,840,000 |  | 245,731,000
Stated interest rate (as a percent) | 5.25% |  |
Debt instrument, face amount | $ 250,000 |  |
Unamortized discount included in carrying value | $ 3,700,000 |  | 3,800,000
Interest rate on debt (as a percent) | 5.49% |  |
3.70% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 297,493,000 |  | 297,378,000
Stated interest rate (as a percent) | 3.70% |  |
Debt instrument, face amount | $ 300,000 |  |
Unamortized discount included in carrying value | $ 2,000,000 |  | 2,100,000
Interest rate on debt (as a percent) | 3.85% |  |
5.000% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 296,105,000 |  | 296,019,000
Stated interest rate (as a percent) | 5.00% |  |
Debt instrument, face amount | $ 300,000 |  |
Unamortized discount included in carrying value | $ 3,200,000 |  | 3,300,000
Interest rate on debt (as a percent) | 5.15% |  |
Unsecured notes payable |  |  |
Debt |  |  |
Carrying Value | $ 1,482,000 |  | 1,508,000
Stated interest rate (as a percent) | 0.00% |  |
Unamortized discount included in carrying value | $ 530,000 |  | $ 554,000

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