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v3.20.4

Debt, Net (Debt Schedule) (Details) |  | 12 Months Ended |  |
--- | --- | --- | --- | ---
Oct. 10, 2018 extension | Dec. 31, 2020 USD ($) | Sep. 17, 2020 USD ($) | Dec. 31, 2019 USD ($)
Debt |  |  |  |
Carrying Value |  | $ 2,086,918,000 |  | $ 1,831,139,000
Revolving Credit Facility |  |  |  |
Debt |  |  |  |
Carrying Value |  | $ 143,000,000 |  | 177,000,000
Weighted average interest rate |  | 1.20% |  |
Term Loan Facility |  |  |  |
Debt |  |  |  |
Interest rate |  | 1.15% |  |
Carrying Value |  | $ 398,447,000 |  | 248,706,000
Unsecured note payable |  |  |  |
Debt |  |  |  |
Interest rate |  | 0.00% |  |
Carrying Value |  | $ 900,000 |  | 1,038,000
Unamortized discount included in carrying value |  | $ 161,000 |  | 223,000
London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Minimum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 0.775% |  |
London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Maximum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 1.45% |  |
London Interbank Offered Rate (LIBOR) | Term Loan Facility | Minimum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 1.00% |  |
London Interbank Offered Rate (LIBOR) | Term Loan Facility | Maximum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 1.65% |  |
Mortgage and other secured debt |  |  |  |
Debt |  |  |  |
Carrying Value |  | $ 255,110,000 |  | 211,485,000
Mortgage and other secured debt | Fixed rate mortgage debt |  |  |  |
Debt |  |  |  |
Carrying Value |  | 139,991,000 |  | 143,430,000
Unamortized premium included in carrying value |  | $ 155,000 |  | 217,000
Weighted average interest rate |  | 4.16% |  |
Mortgage and other secured debt | Fixed rate mortgage debt | Minimum |  |  |  |
Debt |  |  |  |
Interest rate |  | 3.82% |  |
Mortgage and other secured debt | Fixed rate mortgage debt | Maximum |  |  |  |
Debt |  |  |  |
Interest rate |  | 4.62% |  |
Mortgage and other secured debt | Variable rate secured loans |  |  |  |
Debt |  |  |  |
Carrying Value |  | $ 115,119,000 |  | 68,055,000
Weighted average interest rate |  | 2.28% |  |
Mortgage and other secured debt | London Interbank Offered Rate (LIBOR) | Variable rate secured loans | Minimum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 1.45% |  |
Mortgage and other secured debt | London Interbank Offered Rate (LIBOR) | Variable rate secured loans | Maximum |  |  |  |
Debt |  |  |  |
Variable rate, spread |  | 2.35% |  |
Mortgage and other secured debt | London Interbank Offered Rate (LIBOR) | Construction Loan Payable |  |  |  |
Debt |  |  |  |
Remaining borrowing capacity |  | $ 29,100,000 |  |
Senior Notes | 3.60%, $350,000 aggregate principal |  |  |  |
Debt |  |  |  |
Interest rate |  | 3.60% |  |
Debt instrument, face amount |  | $ 350,000,000 |  |
Carrying Value |  | 348,888,000 |  | 348,431,000
Unamortized discount included in carrying value |  | $ 781,000 |  | 1,100,000
Effective interest rate on debt |  | 3.70% |  |
Senior Notes | 5.25%, $250,000 aggregate principal |  |  |  |
Debt |  |  |  |
Interest rate |  | 5.25% |  |
Debt instrument, face amount |  | $ 250,000,000 |  |
Carrying Value |  | 248,194,000 |  | 247,652,000
Unamortized discount included in carrying value |  | $ 1,600,000 |  | 2,100,000
Effective interest rate on debt |  | 5.49% |  |
Senior Notes | 5.00%, $300,000 aggregate principal |  |  |  |
Debt |  |  |  |
Interest rate |  | 5.00% |  |
Debt instrument, face amount |  | $ 300,000,000 |  |
Carrying Value |  | 297,915,000 |  | 297,503,000
Unamortized discount included in carrying value |  | $ 1,800,000 |  | 2,100,000
Effective interest rate on debt |  | 5.15% |  |
Senior Notes | 2.25%, $400,000 aggregate principal |  |  |  |
Debt |  |  |  |
Interest rate |  | 2.25% |  |
Debt instrument, face amount |  | $ 400,000,000 | $ 400,000,000.0 |
Carrying Value |  | 394,464,000 |  | $ 0
Unamortized discount included in carrying value |  | $ 4,500,000 |  |
Effective interest rate on debt |  | 2.48% |  |
Senior Notes | 3.70%, $300,000 aggregate principal |  |  |  |
Debt |  |  |  |
Interest rate |  |  |  | 3.70%
Debt instrument, face amount |  |  |  | $ 300,000,000
Carrying Value |  | $ 0 |  | 299,324,000
Unamortized discount included in carrying value |  |  |  | $ 534,000
Effective interest rate on debt |  |  |  | 3.85%
Loans Payable |  |  |  |
Debt |  |  |  |
Net deferred financing costs |  | $ 5,900,000 |  | $ 5,800,000
Line of Credit | Revolving Credit Facility |  |  |  |
Debt |  |  |  |
Number of extensions | extension | 2 |  |  |
Extension option period | 6 months | 6 months |  |
Line of credit facility, extension fee | 0.075% |  |  |
Line of Credit | London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility |  |  |  |
Debt |  |  |  |
Variable rate, spread | 0.775% |  |  |
Line of Credit | London Interbank Offered Rate (LIBOR) | Maximum | Revolving Credit Facility |  |  |  |
Debt |  |  |  |
Variable rate, spread | 1.45% |  |  |

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