XML 90 R78.htm IDEA: XBRL DOCUMENT v3.23.3
Debt - Schedule of Long-term Debt Instruments (Details)
1 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Apr. 30, 2023
USD ($)
Jan. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
extension
Dec. 31, 2022
USD ($)
Debt          
Duration used in interest rate calculation (in days)       360 days  
Hollywood Media Portfolio | Interest Rate Caps | Designated as hedging Instrument          
Debt          
Notional amount $ 539,000,000     $ 539,000,000  
Hollywood Media Portfolio | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Notional amount $ 539,000,000     $ 539,000,000  
Interest rate 3.50%     3.50%  
Hollywood Media Portfolio | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate 5.70%     5.70%  
Hollywood Media Portfolio | Interest Rate Swaps | Designated as hedging Instrument          
Debt          
Notional amount $ 351,200,000     $ 351,200,000  
Hollywood Media Portfolio | Interest Rate Swaps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Interest rate 3.31%     3.31%  
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument          
Debt          
Notional amount $ 141,400,000     $ 141,400,000  
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Notional amount $ 141,435,000     $ 141,435,000  
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate 5.00%     5.00%  
1918 Eighth | Interest Rate Swaps | Designated as hedging Instrument          
Debt          
Notional amount $ 172,900,000     $ 172,900,000  
1918 Eighth | Interest Rate Swaps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Interest rate 3.75%     3.75%  
Unsecured debt          
Debt          
TOTAL $ 2,635,000,000     $ 2,635,000,000 $ 2,660,000,000
Unsecured debt | Series A notes          
Debt          
TOTAL $ 0     $ 0 110,000,000
Interest rate (in percent) 4.34%     4.34%  
Repayments of debt     $ 110,000,000    
Unsecured debt | Series B notes          
Debt          
TOTAL $ 259,000,000     $ 259,000,000 259,000,000
Interest rate (in percent) 4.69%     4.69%  
Unsecured debt | Series C notes          
Debt          
TOTAL $ 56,000,000     $ 56,000,000 56,000,000
Interest rate (in percent) 4.79%     4.79%  
Unsecured debt | Series D notes          
Debt          
TOTAL $ 150,000,000     $ 150,000,000 150,000,000
Interest rate (in percent) 3.98%     3.98%  
Unsecured debt | Series E notes          
Debt          
TOTAL $ 0     $ 0 50,000,000
Interest rate (in percent) 3.66%     3.66%  
Repayments of debt $ 50,000,000        
Unsecured debt | 3.95% Registered senior notes          
Debt          
TOTAL $ 400,000,000     $ 400,000,000 400,000,000
Interest rate (in percent) 3.95%     3.95%  
Unsecured debt | 4.65% Registered senior notes          
Debt          
TOTAL $ 500,000,000     $ 500,000,000 500,000,000
Interest rate (in percent) 4.65%     4.65%  
Unsecured debt | 3.25% Registered senior notes          
Debt          
TOTAL $ 400,000,000     $ 400,000,000 400,000,000
Interest rate (in percent) 3.25%     3.25%  
Unsecured debt | 5.95% Registered senior notes          
Debt          
TOTAL $ 350,000,000     $ 350,000,000 350,000,000
Interest rate (in percent) 5.95%     5.95%  
Unsecured debt | Quixote          
Debt          
Repayments of debt   $ 150,000,000      
Debt discount   $ 10,000,000      
Secured debt          
Debt          
TOTAL $ 1,798,118,000     $ 1,798,118,000 1,950,088,000
Extension term (in years)       6 months  
Secured debt | Hollywood Media Portfolio          
Debt          
TOTAL 890,186,000     $ 890,186,000 890,186,000
Hollywood Media Portfolio 1,100,000,000     $ 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) (209,814,000)
Secured debt | One Westside and Westside Two          
Debt          
TOTAL 324,632,000     324,632,000 316,602,000
Maximum borrowing capacity 414,600,000     414,600,000  
Secured debt | Element LA          
Debt          
TOTAL $ 168,000,000     $ 168,000,000 168,000,000
Interest rate (in percent) 4.59%     4.59%  
Secured debt | 1918 Eighth          
Debt          
TOTAL $ 314,300,000     $ 314,300,000 314,300,000
Secured debt | Hill7          
Debt          
TOTAL $ 101,000,000     $ 101,000,000 101,000,000
Interest rate (in percent) 3.38%     3.38%  
Secured debt | Quixote          
Debt          
TOTAL $ 0     $ 0 160,000,000
Interest rate (in percent) 5.00%     5.00%  
Secured debt | SOFR | Hollywood Media Portfolio          
Debt          
Basis spread on variable rate (in percent)       1.10%  
Secured debt | SOFR | Acquired Hollywood Media Portfolio debt          
Debt          
Basis spread on variable rate (in percent)       1.66%  
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%  
Unsecured and Secured Debt          
Debt          
TOTAL $ 4,433,118,000     $ 4,433,118,000 4,610,088,000
Unamortized deferred financing costs/loan discounts (16,098,000)     (16,098,000) (24,226,000)
Debt 4,417,020,000     4,417,020,000 4,585,862,000
Joint venture partner debt          
Debt          
TOTAL 66,136,000     66,136,000  
Debt $ 66,136,000     $ 66,136,000 66,136,000
Interest rate (in percent) 4.50%     4.50%  
Extension term (in years)       2 years  
Revolving credit facility | Unsecured debt          
Debt          
TOTAL $ 520,000,000     $ 520,000,000 $ 385,000,000
Maximum borrowing capacity 1,000,000,000     $ 1,000,000,000  
Extension term (in years)       6 months  
Revolving credit facility | Unsecured debt | GBP          
Debt          
Maximum borrowing capacity 250,000,000     $ 250,000,000  
Revolving credit facility | Unsecured debt | CAD          
Debt          
Maximum borrowing capacity 250,000,000     $ 250,000,000  
Revolving credit facility | Unsecured debt | SOFR          
Debt          
Basis spread on variable rate (in percent)       1.35%  
Revolving credit facility | Unsecured debt | Minimum          
Debt          
Commitment fee (in percent)       0.15%  
Revolving credit facility | Unsecured debt | Minimum | 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     $ 2,000,000,000