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v3.5.0.2

Debt, Net (Details) - USD ($) |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Oct. 12, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015
Debt |  |  |  |  |  |
Carrying Value |  | $ 1,873,836,000 |  | $ 1,873,836,000 |  | $ 2,077,752,000
Deferred financing costs, net |  | 3,812,000 |  | 3,812,000 |  | 5,867,000
Interest costs capitalized |  | 1,200,000 | $ 1,500,000 | 4,300,000 | $ 5,600,000 |
Loans payable |  |  |  |  |  |
Debt |  |  |  |  |  |
Deferred financing costs, net |  | 6,900,000 |  | 6,900,000 |  | 8,000,000
Mortgage and Other Secured Loans: |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 168,505,000 |  | 168,505,000 |  | 331,000,000
Fixed rate mortgage loans |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 154,976,000 |  | $ 154,976,000 |  | 281,208,000
Stated interest rates, low end of range (as a percent) |  |  |  | 3.82% |  |
Stated interest rates, high end of range (as a percent) |  |  |  | 7.87% |  |
Unamortized premium included in carrying value |  | $ 440,000 |  | $ 440,000 |  | 514,000
Weighted average interest rate (as a percent) |  | 4.20% |  | 4.20% |  |
Variable rate secured loans |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 13,529,000 |  | $ 13,529,000 |  | 49,792,000
Description of variable rate basis |  |  |  | LIBOR |  |
Stated interest rate (as a percent) |  | 2.37% |  | 2.37% |  |
Variable rate secured loans | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Debt |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  |  | 1.85% |  |
Revolving Credit Facility |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 0 |  | $ 0 |  | 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 |  | $ 516,812,000 |  | $ 516,812,000 |  | 515,902,000
Description of variable rate basis |  |  |  | LIBOR |  |
Weighted average interest rate (as a percent) |  | 2.17% |  | 2.17% |  |
Increase to maximum borrowing capacity |  | $ 150,000,000 |  | $ 150,000,000 |  |
Aggregate additional borrowing capacity available |  | 430,000,000 |  | $ 430,000,000 |  |
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% |  |
Term Loan Facilities | Subsequent Event |  |  |  |  |  |
Debt |  |  |  |  |  |
Repayments of term loan | $ 120,000,000 |  |  |  |  |
3.60% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 347,024,000 |  | $ 347,024,000 |  | 346,714,000
Debt instrument, face amount |  | $ 350,000 |  | $ 350,000 |  |
Stated interest rate (as a percent) |  | 3.60% |  | 3.60% |  |
Unamortized discount included in carrying value |  | $ 2,000,000 |  | $ 2,000,000 |  | 2,200,000
Interest rate on debt (as a percent) |  | 3.70% |  | 3.70% |  |
5.250% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 246,063,000 |  | $ 246,063,000 |  | 245,731,000
Debt instrument, face amount |  | $ 250,000 |  | $ 250,000 |  |
Stated interest rate (as a percent) |  | 5.25% |  | 5.25% |  |
Unamortized discount included in carrying value |  | $ 3,500,000 |  | $ 3,500,000 |  | 3,800,000
Interest rate on debt (as a percent) |  | 5.49% |  | 5.49% |  |
3.70% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 297,725,000 |  | $ 297,725,000 |  | 297,378,000
Debt instrument, face amount |  | $ 300,000 |  | $ 300,000 |  |
Stated interest rate (as a percent) |  | 3.70% |  | 3.70% |  |
Unamortized discount included in carrying value |  | $ 1,800,000 |  | $ 1,800,000 |  | 2,100,000
Interest rate on debt (as a percent) |  | 3.85% |  | 3.85% |  |
5.000% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 296,279,000 |  | $ 296,279,000 |  | 296,019,000
Debt instrument, face amount |  | $ 300,000 |  | $ 300,000 |  |
Stated interest rate (as a percent) |  | 5.00% |  | 5.00% |  |
Unamortized discount included in carrying value |  | $ 3,100,000 |  | $ 3,100,000 |  | 3,300,000
Interest rate on debt (as a percent) |  | 5.15% |  | 5.15% |  |
Unsecured notes payable |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 1,428,000 |  | $ 1,428,000 |  | 1,508,000
Stated interest rate (as a percent) |  | 0.00% |  | 0.00% |  |
Unamortized discount included in carrying value |  | $ 483,000 |  | $ 483,000 |  | $ 554,000

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