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v3.22.4

Debt, Net (Debt Schedule) (Details) | 12 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Nov. 17, 2021 USD ($) | Aug. 11, 2021 USD ($) | Mar. 11, 2021 USD ($) | Dec. 31, 2020 USD ($) | Sep. 17, 2020 USD ($)
Debt |  |  |  |  |  |  |
Carrying Value | $ 2,231,794,000 | $ 2,272,304,000 |  |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Carrying Value | $ 211,000,000 | 76,000,000 |  |  |  |  |
Weighted average interest rate | 5.47% |  |  |  |  |  |
Term Loan Facility |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 5.72% |  |  |  |  |  |
Debt instrument, face amount |  |  |  |  |  | $ 400,000,000 |
Carrying Value | $ 123,948,000 | 299,420,000 |  |  |  |  |
Unsecured note payable |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 0.00% |  |  |  |  |  |
Carrying Value | $ 597,000 | 753,000 |  |  |  |  |
Unamortized discount included in carrying value | $ 65,000 | 108,000 |  |  |  |  |
Secured Overnight Financing Rate | Revolving Credit Facility |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, additional spread | 0.0010 |  |  |  |  |  |
Secured Overnight Financing Rate | Revolving Credit Facility | Minimum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 0.725% |  |  |  |  |  |
Secured Overnight Financing Rate | Revolving Credit Facility | Maximum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 1.40% |  |  |  |  |  |
Secured Overnight Financing Rate | Term Loan Facility |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, additional spread | 0.0010 |  |  |  |  |  |
Secured Overnight Financing Rate | Term Loan Facility | Minimum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 0.85% |  |  |  |  |  |
Secured Overnight Financing Rate | Term Loan Facility | Maximum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 1.70% |  |  |  |  |  |
Mortgage and other secured debt |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Carrying Value | $ 117,751,000 | 120,627,000 |  |  |  |  |
Mortgage and other secured debt | Fixed rate mortgage debt |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Carrying Value | $ 84,433,000 | 86,960,000 |  |  |  |  |
Weighted average interest rate | 4.07% |  |  |  |  |  |
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 | $ 33,318,000 | 33,667,000 |  |  |  |  |
Mortgage and other secured debt | Secured Overnight Financing Rate | Variable rate secured loans |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, additional spread | 0.0010 |  |  |  |  |  |
Weighted average interest rate | 5.58% |  |  |  |  |  |
Mortgage and other secured debt | Secured Overnight Financing Rate | Variable rate secured loans | Interest rate swaps |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Weighted average interest rate | 2.45% |  |  |  |  |  |
Mortgage and other secured debt | Secured Overnight Financing Rate | Variable rate secured loans | Minimum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 1.45% |  |  |  |  |  |
Mortgage and other secured debt | Secured Overnight Financing Rate | Variable rate secured loans | Maximum |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Variable rate, spread | 1.55% |  |  |  |  |  |
Senior Notes | 2.25%, $400,000 aggregate principal |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 2.25% |  |  |  |  |  |
Debt instrument, face amount | $ 400,000,000 |  |  |  |  |  | $ 400,000,000
Carrying Value | 396,539,000 | 395,491,000 |  |  |  |  |
Unamortized discount included in carrying value | $ 2,800,000 | 3,600,000 |  |  |  |  |
Effective interest rate on debt | 2.48% |  |  |  |  |  |
Senior Notes | 2.00%, $400,000 aggregate principal |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 2.00% |  |  |  |  |  |
Debt instrument, face amount | $ 400,000,000 |  |  | $ 400,000,000 |  |  |
Carrying Value | 396,988,000 | 396,512,000 |  |  |  |  |
Unamortized discount included in carrying value | $ 2,100,000 | 2,500,000 |  |  |  |  |
Effective interest rate on debt | 2.09% |  |  |  |  |  |
Senior Notes | 2.75%, $600,000 aggregate principal |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 2.75% |  |  |  |  |  |
Debt instrument, face amount | $ 600,000,000 |  |  |  | $ 600,000,000 |  |
Carrying Value | 590,123,000 | 589,060,000 |  |  |  |  |
Unamortized discount included in carrying value | $ 8,500,000 | 9,500,000 |  |  |  |  |
Effective interest rate on debt | 2.94% |  |  |  |  |  |
Senior Notes | 2.90%, $400,000 aggregate principal |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Interest rate | 2.90% |  |  |  |  |  |
Debt instrument, face amount | $ 400,000,000 |  | $ 400,000,000 |  |  |  |
Carrying Value | 394,848,000 | 394,441,000 |  |  |  |  |
Unamortized discount included in carrying value | $ 4,200,000 | 4,500,000 |  |  |  |  |
Effective interest rate on debt | 3.01% |  |  |  |  |  |
Loans Payable |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |
Net deferred financing costs | $ 5,400,000 | $ 5,800,000 |  |  |  |  |

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