XML 76 R59.htm IDEA: XBRL DOCUMENT
v3.19.1

Debt, Net (Details) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2019 USD ($) extension | Mar. 31, 2018 USD ($) | Dec. 31, 2018 USD ($)
Debt |  |  |
Carrying Value | $ 1,876,149,000 |  | $ 1,823,909,000
Interest costs capitalized | 2,000,000 | $ 1,400,000 |
Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value | $ 173,127,000 |  | 170,423,000
Line of Credit | Revolving Credit Facility |  |  |
Debt |  |  |
Number of extensions | extension | 2 |  |
Extension option period (in years) | 6 months |  |
Line of credit facility, extension fee percentage | 0.075% |  |
Loans payable |  |  |
Debt |  |  |
Deferred financing costs, net | $ 6,800,000 |  | 7,200,000
Fixed rate mortgage debt | Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value | 146,212,000 |  | 147,141,000
Unamortized premium included in carrying value | $ 264,000 |  | 281,000
Weighted average interest rate (as a percent) | 4.17% |  |
Fixed rate mortgage debt | Mortgage and other secured debt | Minimum |  |  |
Debt |  |  |
Interest rate (as a percent) | 3.82% |  |
Fixed rate mortgage debt | Mortgage and other secured debt | Maximum |  |  |
Debt |  |  |
Interest rate (as a percent) | 7.87% |  |
Variable-rate debt | Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value | $ 26,915,000 |  | 23,282,000
Weighted average interest rate (as a percent) | 4.63% |  |
Variable-rate debt | Mortgage and other secured debt | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 1.85% |  |
Variable-rate debt | Mortgage and other secured debt | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 2.35% |  |
Construction Loan | Mortgage and other secured debt | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Remaining borrowing capacity | $ 94,900,000 |  |
Revolving Credit Facility |  |  |
Debt |  |  |
Carrying Value | $ 262,000,000 |  | 213,000,000
Weighted average interest rate (as a percent) | 3.54% |  |
Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 0.775% |  |
Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 1.45% |  |
Term Loan Facility |  |  |
Debt |  |  |
Carrying Value | $ 248,381,000 |  | 248,273,000
Interest rate (as a percent) | 3.74% |  |
Aggregate additional borrowing capacity available | $ 150,000,000 |  |
Maximum availability | $ 500,000,000 |  |
Term Loan Facility | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 0.85% |  |
Term Loan Facility | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) | 1.65% |  |
3.600% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 348,096,000 |  | 347,986,000
Debt instrument, face amount | $ 350,000,000 |  |
Interest rate (as a percent) | 3.60% |  |
Unamortized discount included in carrying value | $ 1,300,000 |  | 1,400,000
Effective interest rate on debt (as a percent) | 3.70% |  |
5.250% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 247,263,000 |  | 247,136,000
Debt instrument, face amount | $ 250,000,000 |  |
Interest rate (as a percent) | 5.25% |  |
Unamortized discount included in carrying value | $ 2,500,000 |  | 2,600,000
Effective interest rate on debt (as a percent) | 5.49% |  |
3.700% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 298,941,000 |  | 298,815,000
Debt instrument, face amount | $ 300,000,000 |  |
Interest rate (as a percent) | 3.70% |  |
Unamortized discount included in carrying value | $ 800,000 |  | 943,000
Effective interest rate on debt (as a percent) | 3.85% |  |
5.000% Senior Notes | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value | $ 297,206,000 |  | 297,109,000
Debt instrument, face amount | $ 300,000,000 |  |
Interest rate (as a percent) | 5.00% |  |
Unamortized discount included in carrying value | $ 2,300,000 |  | 2,400,000
Effective interest rate on debt (as a percent) | 5.15% |  |
Unsecured notes payable |  |  |
Debt |  |  |
Carrying Value | $ 1,135,000 |  | 1,167,000
Interest rate (as a percent) | 0.00% |  |
Unamortized discount included in carrying value | $ 276,000 |  | $ 294,000

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