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v3.7.0.1

Debt, Net (Details) - USD ($) |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
May 01, 2017 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016
Debt |  |  |  |  |  |
Carrying Value |  | $ 1,897,734,000 |  | $ 1,897,734,000 |  | $ 1,904,001,000
Deferred financing costs, net |  | 1,747,000 |  | 1,747,000 |  | 3,128,000
Interest costs capitalized |  | 1,600,000 | $ 1,300,000 | 3,100,000 | $ 3,100,000 |
Secured Debt |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 165,732,000 |  | 165,732,000 |  | 167,591,000
Loans payable |  |  |  |  |  |
Debt |  |  |  |  |  |
Deferred financing costs, net |  | 5,000,000 |  | 5,000,000 |  | 6,100,000
Term Loan Facilities Maturing 2020 |  |  |  |  |  |
Debt |  |  |  |  |  |
Repayments of Long-term Debt | $ 200,000,000 |  |  |  |  |
Fixed rate debt | Secured Debt |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 152,449,000 |  | 152,449,000 |  | 154,143,000
Unamortized premium included in carrying value |  | $ 385,000 |  | $ 385,000 |  | 422,000
Weighted average interest rate (as a percent) |  | 4.19% |  | 4.19% |  |
Fixed rate debt | Secured Debt | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Stated interest rate (as a percent) |  | 3.82% |  | 3.82% |  |
Fixed rate debt | Secured Debt | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Stated interest rate (as a percent) |  | 7.87% |  | 7.87% |  |
Variable-rate debt |  |  |  |  |  |
Debt |  |  |  |  |  |
Description of variable rate basis |  |  |  | LIBOR |  |
Variable-rate debt | Secured Debt |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 13,283,000 |  | $ 13,283,000 |  | 13,448,000
Stated interest rate (as a percent) |  | 2.90% |  | 2.90% |  |
Variable-rate debt | Secured Debt | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Debt |  |  |  |  |  |
Variable rate, spread (as a percent) |  |  |  | 1.85% |  |
Revolving Credit Facility |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 194,000,000 |  | $ 194,000,000 |  | 0
Description of variable rate basis |  |  |  | LIBOR |  |
Weighted average interest rate (as a percent) |  | 2.39% |  | 2.39% |  |
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 |  | $ 348,283,000 |  | $ 348,283,000 |  | 547,494,000
Description of variable rate basis |  |  |  | LIBOR |  |
Weighted average interest rate (as a percent) |  | 2.75% |  | 2.75% |  |
Aggregate additional borrowing capacity available |  | $ 350,000,000 |  | $ 350,000,000 |  |
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) |  |  |  | 2.40% |  |
3.60% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | 347,338,000 |  | $ 347,338,000 |  | 347,128,000
Debt instrument, face amount |  | $ 350,000,000 |  | $ 350,000,000 |  |
Stated interest rate (as a percent) |  | 3.60% |  | 3.60% |  |
Unamortized discount included in carrying value |  | $ 1,800,000 |  | $ 1,800,000 |  | 2,000,000
Interest rate on debt (as a percent) |  | 3.70% |  | 3.70% |  |
5.250% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 246,408,000 |  | $ 246,408,000 |  | 246,176,000
Debt instrument, face amount |  | $ 250,000,000 |  | $ 250,000,000 |  |
Stated interest rate (as a percent) |  | 5.25% |  | 5.25% |  |
Unamortized discount included in carrying value |  | $ 3,200,000 |  | $ 3,200,000 |  | 3,400,000
Interest rate on debt (as a percent) |  | 5.49% |  | 5.49% |  |
3.70% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 298,080,000 |  | $ 298,080,000 |  | 297,843,000
Debt instrument, face amount |  | $ 300,000,000 |  | $ 300,000,000 |  |
Stated interest rate (as a percent) |  | 3.70% |  | 3.70% |  |
Unamortized discount included in carrying value |  | $ 1,500,000 |  | $ 1,500,000 |  | 1,700,000
Interest rate on debt (as a percent) |  | 3.85% |  | 3.85% |  |
5.000% Senior Notes | Unsecured senior notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 296,547,000 |  | $ 296,547,000 |  | 296,368,000
Debt instrument, face amount |  | $ 300,000,000 |  | $ 300,000,000 |  |
Stated interest rate (as a percent) |  | 5.00% |  | 5.00% |  |
Unamortized discount included in carrying value |  | $ 2,900,000 |  | $ 2,900,000 |  | 3,000,000
Interest rate on debt (as a percent) |  | 5.15% |  | 5.15% |  |
Unsecured notes payable |  |  |  |  |  |
Debt |  |  |  |  |  |
Carrying Value |  | $ 1,346,000 |  | $ 1,346,000 |  | 1,401,000
Stated interest rate (as a percent) |  | 0.00% |  | 0.00% |  |
Unamortized discount included in carrying value |  | $ 416,000 |  | $ 416,000 |  | $ 460,000

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