XML 90 R77.htm IDEA: XBRL DOCUMENT v3.23.1
Debt - Outstanding Indebtedness (Details)
3 Months Ended
Apr. 18, 2023
USD ($)
Jan. 03, 2023
USD ($)
Aug. 31, 2021
USD ($)
Mar. 31, 2023
USD ($)
extension
Dec. 31, 2022
USD ($)
Debt          
Duration used in interest rate calculation (in days)       360 days  
Hollywood Media Portfolio          
Debt          
VIE, ownership Interest       51.00%  
One Westside and Westside Two          
Debt          
VIE, ownership Interest       75.00%  
1918 Eighth          
Debt          
VIE, ownership Interest       55.00%  
Hill7          
Debt          
VIE, ownership Interest       55.00%  
Hollywood Media Portfolio | Interest Rate Swaps | Designated as hedging Instrument          
Debt          
Derivative, notional amount       $ 351,200,000  
1918 Eighth | Interest Rate Swaps | Designated as hedging Instrument          
Debt          
Derivative, notional amount       172,865,000  
Quixote | Subsequent Event          
Debt          
Repayments of debt $ 150,000,000        
Debt discount 10,000,000        
Unsecured debt          
Debt          
TOTAL       2,500,000,000 $ 2,660,000,000
Unsecured debt | Series A notes          
Debt          
TOTAL       $ 0 110,000,000
Interest rate (in percent)       4.34%  
Repayments of debt   $ 110,000,000      
Unsecured debt | Series B notes          
Debt          
TOTAL       $ 259,000,000 259,000,000
Interest rate (in percent)       4.69%  
Unsecured debt | Series C notes          
Debt          
TOTAL       $ 56,000,000 56,000,000
Interest rate (in percent)       4.79%  
Unsecured debt | Series D notes          
Debt          
TOTAL       $ 150,000,000 150,000,000
Interest rate (in percent)       3.98%  
Unsecured debt | Series E notes          
Debt          
TOTAL       $ 50,000,000 50,000,000
Interest rate (in percent)       3.66%  
Unsecured debt | 3.95% Registered senior notes          
Debt          
TOTAL       $ 400,000,000 400,000,000
Interest rate (in percent)       3.95%  
Unsecured debt | 4.65% Registered senior notes          
Debt          
TOTAL       $ 500,000,000 500,000,000
Interest rate (in percent)       4.65%  
Unsecured debt | 3.25% Registered senior notes          
Debt          
TOTAL       $ 400,000,000 400,000,000
Interest rate (in percent)       3.25%  
Unsecured debt | 5.95% Registered senior notes          
Debt          
TOTAL       $ 350,000,000 350,000,000
Interest rate (in percent)       5.95%  
Secured debt          
Debt          
TOTAL       $ 1,954,665,000 1,950,088,000
Extension term (in years)       6 months  
Secured debt | Hollywood Media Portfolio          
Debt          
TOTAL       $ 890,186,000 890,186,000
Debt instrument, face amount       $ 1,100,000,000 1,100,000,000
Extension term (in years)       1 year  
Debt instrument, number of extension options | extension       3  
Payments to acquire bonds     $ 209,800,000    
Secured debt | Acquired Hollywood Media Portfolio debt          
Debt          
Acquired Hollywood Media Portfolio debt       $ (209,814,000) (209,814,000)
Secured debt | One Westside and Westside Two          
Debt          
TOTAL       321,179,000 316,602,000
Maximum borrowing capacity       414,600,000  
Secured debt | Element LA          
Debt          
TOTAL       $ 168,000,000 168,000,000
Interest rate (in percent)       4.59%  
Secured debt | 1918 Eighth          
Debt          
TOTAL       $ 314,300,000 314,300,000
Secured debt | Hill7          
Debt          
TOTAL       $ 101,000,000 101,000,000
Interest rate (in percent)       3.38%  
Secured debt | Quixote          
Debt          
TOTAL       $ 160,000,000 160,000,000
Interest rate (in percent)       5.00%  
Secured debt | Quixote | Subsequent Event          
Debt          
Repayments of debt 150,000,000        
Debt discount $ 10,000,000        
Secured debt | SOFR | One Westside and Westside Two          
Debt          
Basis spread on variable rate (in percent)       1.60%  
Secured debt | SOFR | 1918 Eighth          
Debt          
Basis spread on variable rate (in percent)       1.40%  
Secured debt | LIBOR | Hollywood Media Portfolio          
Debt          
Basis spread on variable rate (in percent)       0.99%  
Secured debt | LIBOR | Acquired Hollywood Media Portfolio debt          
Debt          
Basis spread on variable rate (in percent)       1.55%  
Secured debt | Maximum | Hollywood Media Portfolio          
Debt          
Strike rate (percent)       3.50%  
Unsecured and Secured Debt          
Debt          
TOTAL       $ 4,454,665,000 4,610,088,000
Deferred financing costs and discounts, net       (21,119,000) (24,226,000)
Debt       4,433,546,000 4,585,862,000
Joint venture partner debt          
Debt          
TOTAL       66,136,000  
Debt       $ 66,136,000 66,136,000
Interest rate (in percent)       4.50%  
Extension term (in years)       2 years  
Revolving credit facility | Unsecured debt          
Debt          
TOTAL       $ 335,000,000 $ 385,000,000
Maximum borrowing capacity       $ 1,000,000,000  
Extension term (in years)       6 months  
Revolving credit facility | Unsecured debt | GBP          
Debt          
Maximum borrowing capacity       $ 250,000,000  
Revolving credit facility | Unsecured debt | CAD          
Debt          
Maximum borrowing capacity       $ 250,000,000  
Revolving credit facility | Unsecured debt | SOFR          
Debt          
Basis spread on variable rate (in percent)       1.30%  
Revolving credit facility | Unsecured debt | Interest Rate          
Debt          
Commitment fee (in percent)       0.15%  
Revolving credit facility | Unsecured debt | Interest Rate | SOFR          
Debt          
Basis spread on variable rate (in percent)       1.15%  
Revolving credit facility | Unsecured debt | Maximum          
Debt          
Commitment fee (in percent)       0.30%  
Revolving credit facility | Unsecured debt | Maximum | SOFR          
Debt          
Basis spread on variable rate (in percent)       1.60%  
Revolving Credit Facility, If Increased | Unsecured debt          
Debt          
Maximum borrowing capacity       $ 2,000,000,000