XML 55 R45.htm IDEA: XBRL DOCUMENT v3.21.2
Debt (Senior Notes, Term Loans, and Revolver) (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
asset
Jul. 31, 2021
USD ($)
Jun. 30, 2021
USD ($)
Sep. 30, 2021
USD ($)
asset
$ / shares
Jun. 30, 2021
$ / shares
Sep. 30, 2020
USD ($)
Jun. 30, 2020
$ / shares
Sep. 30, 2021
USD ($)
asset
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Debt                    
Debt, net $ 2,381,274,000     $ 2,381,274,000       $ 2,381,274,000   $ 2,587,731,000
Unsecured Debt, Gross 1,018,662,000     1,018,662,000       1,018,662,000   1,575,000,000
Unamortized debt issuance costs on term loans (4,003,000)     (4,003,000)       (4,003,000)   (6,696,000)
Debt Instrument, Covenant, Minimum Liquidity Level $ 125,000,000.0     $ 125,000,000.0       $ 125,000,000.0    
Dividends | $ / shares       $ 0.01 $ 0.01   $ 0.33      
Leverage ratio 0.0700     0.0700       0.0700    
Amortization of deferred financing costs       $ 1,527,000   $ 1,147,000   $ 4,211,000 $ 3,214,000  
Minimum Liquidity, Cash Holdings Amount $ 150,000,000     $ 150,000,000       $ 150,000,000    
Secured Debt [Member]                    
Debt                    
Number of Assets Encumbered | asset 19     19       19    
Six Point Zero Zero Percent Due June 2025 [Member] | Unsecured Debt [Member]                    
Debt                    
Debt Instrument, Interest Rate, Stated Percentage 6.00%     6.00%       6.00%    
Senior Unsecured Notes [Member] | Unsecured Debt [Member]                    
Debt                    
Debt Instrument, Fair Value Adjustment, Net $ 17,700,000     $ 17,700,000       $ 17,700,000   20,900,000
Redemption premium 9,500,000                  
The Revolver | Line of Credit                    
Debt                    
Maximum borrowing capacity 600,000,000     600,000,000       $ 600,000,000    
Additional maturity term               1 year    
Unsecured Debt $ 200,000,000     $ 200,000,000       $ 200,000,000   400,000,000
Interest Rate 3.53%     3.53%       3.53%    
Remaining borrowing capacity $ 400,000,000     $ 400,000,000       $ 400,000,000   200,000,000
$400 Million Term Loan Maturing 2023 | Unsecured Debt [Member]                    
Debt                    
Maximum borrowing capacity 400,000,000     400,000,000       400,000,000    
Unsecured Debt $ 203,944,000     $ 203,944,000       $ 203,944,000   400,000,000
Interest Rate 4.73%     4.73%       4.73%    
Extension Option $ 151,700,000                  
Extension period 1 year                  
$225 Million Term Loan Maturing 2023 | Unsecured Debt [Member]                    
Debt                    
Maximum borrowing capacity $ 225,000,000     $ 225,000,000       $ 225,000,000    
Unsecured Debt $ 114,718,000     $ 114,718,000       $ 114,718,000   225,000,000
Interest Rate 4.72%     4.72%       4.72%    
Extension Option $ 73,000,000                  
Extension period 1 year                  
$150 Million Term Loan Maturing 2023 | Unsecured Debt [Member]                    
Debt                    
Maximum borrowing capacity $ 150,000,000     $ 150,000,000       $ 150,000,000    
Unsecured Debt $ 100,000,000     $ 100,000,000       $ 100,000,000   150,000,000
Interest Rate 4.18%     4.18%       4.18%    
Repayments of Debt               $ 20,800,000    
$150 Million Term Loan Maturing 2023 | Senior Notes [Member]                    
Debt                    
Senior Notes $ 100,000,000     $ 100,000,000       $ 100,000,000    
Debt Instrument, Extension Term     1 year              
$150 Million Term Loan Maturing 2023 | Senior Notes [Member] | LIBOR                    
Debt                    
Basis spread on variable rate (percent)     3.00%              
$150 Million Term Loan Maturing 2023 | Senior Notes [Member] | Base Rate                    
Debt                    
Debt Instrument, Interest Rate, Stated Percentage 2.00%     2.00%       2.00%    
$400 Million Term Loan Maturing 2025 [Member] | Unsecured Debt [Member]                    
Debt                    
Maximum borrowing capacity $ 400,000,000     $ 400,000,000       $ 400,000,000    
Unsecured Debt $ 400,000,000     $ 400,000,000       $ 400,000,000   400,000,000
Interest Rate 4.45%     4.45%       4.45%    
Conventional Mortgage Loan                    
Debt                    
Unsecured Debt $ 814,659,000     $ 814,659,000       $ 814,659,000   1,168,304,000
$500 Million Term Loan Maturing 2026 | Senior Notes [Member]                    
Debt                    
Debt Instrument, Interest Rate, Stated Percentage 3.75%     3.75%       3.75%    
Long-term Debt, Gross                   0
Senior Notes $ 500,000,000     $ 500,000,000       $ 500,000,000    
Amortization of deferred financing costs               8,000,000    
$500 Million Term Loan Maturing 2026 | Senior Notes [Member] | Debt Instrument, Redemption, Period One                    
Debt                    
Repayments of Debt               $ 196,100,000    
Debt Instrument, Redemption Price, Percentage               100.00%    
$500 Million Term Loan Maturing 2026 | Senior Notes [Member] | Debt Instrument, Redemption, Period Two                    
Debt                    
Repayments of Debt               $ 110,300,000    
Debt Instrument, Redemption Price, Percentage               101.875%    
$500 Million Term Loan Maturing 2026 | Senior Notes [Member] | Debt Instrument, Redemption, Period Three                    
Debt                    
Repayments of Debt               $ 29,200,000    
Debt Instrument, Redemption Price, Percentage               100.938%    
$500 Million Term Loan Maturing 2026 | Senior Notes [Member] | Debt Instrument, Redemption, Period Four                    
Debt                    
Debt Instrument, Redemption Price, Percentage               100.00%    
$475 Million Term Loan Maturing 2025 | Senior Notes [Member]                    
Debt                    
Senior Notes $ 475,000,000     $ 475,000,000       $ 475,000,000    
$500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period One                    
Debt                    
Debt Instrument, Termination Costs   $ 1,300,000                
$500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period Two                    
Debt                    
Debt Instrument, Termination Costs     $ 5,700,000              
$500 Million Term Loan Maturing 2029 | Senior Notes [Member]                    
Debt                    
Debt Instrument, Interest Rate, Stated Percentage 4.00%     4.00%       4.00%    
Long-term Debt, Gross $ 494,421,000     $ 494,421,000       $ 494,421,000   0
Senior Notes 500,000,000     500,000,000       500,000,000    
Amortization of deferred financing costs               $ 5,600,000    
$500 Million Term Loan Maturing 2029 | Senior Notes [Member] | Debt Instrument, Redemption, Period One                    
Debt                    
Debt Instrument, Redemption Price, Percentage               100.00%    
$500 Million Term Loan Maturing 2029 | Senior Notes [Member] | Debt Instrument, Redemption, Period Two                    
Debt                    
Debt Instrument, Redemption Price, Percentage               102.00%    
$500 Million Term Loan Maturing 2029 | Senior Notes [Member] | Debt Instrument, Redemption, Period Three                    
Debt                    
Debt Instrument, Redemption Price, Percentage               101.00%    
$500 Million Term Loan Maturing 2029 | Senior Notes [Member] | Debt Instrument, Redemption, Period Four                    
Debt                    
Debt Instrument, Redemption Price, Percentage               100.00%    
$500 Million Term Loan Maturing 2029 | Senior Notes [Member] | Debt Instrument, Redemption, Period Five                    
Debt                    
Debt Instrument, Redemption Price, Percentage               104.00%    
Prepaid expenses and other assets                    
Debt                    
Deferred financing costs 3,200,000     3,200,000       $ 3,200,000   4,100,000
Fair Value, Inputs, Level 2 [Member] | $400 Million Term Loan Maturing 2025 [Member] | Senior Notes [Member]                    
Debt                    
Long-term Debt, Gross 0     0       0   495,759,000
Fair Value, Inputs, Level 3 [Member] | Secured Debt [Member]                    
Debt                    
Secured Debt 379,718,000     379,718,000       379,718,000   523,668,000
Fair Value, Inputs, Level 3 [Member] | Unsecured Debt [Member]                    
Debt                    
Unsecured Debt $ 1,014,659,000     $ 1,014,659,000       $ 1,014,659,000   $ 1,568,304,000