XML 63 R48.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Credit Facilities (Details) - USD ($)
1 Months Ended 12 Months Ended
Jan. 31, 2023
Nov. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Debt Instrument [Line Items]        
Additional maturity term     $ 750,000,000 $ 750,000,000
Unsecured Debt, Gross     823,662,000 1,018,662,000
Unamortized debt issuance costs on term loans     (3,126,000) (3,658,000)
Debt, net     $ 2,217,555,000 2,409,438,000
Revolver and Term Loans, net        
Debt Instrument [Line Items]        
Debt Covenant, Maximum Leverage Ratio     700.00%  
Debt Covenant, Fixed Charge Coverage Ratio     1.50  
Debt Covenant, Secured Indebtedness Ratio     0.450  
Debt covenant, unencumbered indebtedness ratio     60.00%  
Debt Covenant, Debt Service Coverage Ratio     200.00%  
Revolver and Term Loans, net | Minimum | London Interbank Offered Rate (LIBOR)        
Debt Instrument [Line Items]        
Debt Instrument, Basis Spread on Variable Rate     1.35%  
Revolver and Term Loans, net | Maximum | London Interbank Offered Rate (LIBOR)        
Debt Instrument [Line Items]        
Debt Instrument, Basis Spread on Variable Rate     2.55%  
Senior Notes, net        
Debt Instrument [Line Items]        
Long-term Debt, Gross     $ 989,307,000 986,942,000
$150 Million Term Loan Maturing 2022        
Debt Instrument [Line Items]        
Term loan extension amount     200,000,000  
$150 Million Term Loan Maturing 2022 | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Debt Instrument [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.35%    
$150 Million Term Loan Maturing 2022 | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Debt Instrument [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.90%    
Senior Notes, net        
Debt Instrument [Line Items]        
Long-term Debt, Gross     1,000,000,000 1,000,000,000
Unamortized debt issuance costs on bonds     $ (10,693,000) (13,058,000)
Senior Notes, net | $500 Million Term Loan Maturing 2029        
Debt Instrument [Line Items]        
Debt Instrument, Interest Rate, Stated Percentage     4.00%  
Long-term Debt, Gross     $ 500,000,000 500,000,000
Senior Notes, net | $500 Million Term Loan Maturing 2029 | Debt Instrument, Redemption, Period One        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     100.00%  
Senior Notes, net | $500 Million Term Loan Maturing 2029 | Debt Instrument, Redemption, Period Two        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     102.00%  
Senior Notes, net | $500 Million Term Loan Maturing 2029 | Debt Instrument, Redemption, Period Three        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     101.00%  
Senior Notes, net | $500 Million Term Loan Maturing 2029 | Debt Instrument, Redemption, Period Five        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     104.00%  
Senior Notes, net | $500 Million Term Loan Maturing 2029 | Debt Instrument, Redemption, Period Four        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     100.00%  
Senior Notes, net | Senior Notes, net        
Debt Instrument [Line Items]        
Debt, net     $ 989,307,000 986,942,000
Senior Notes, net | $500 Million Senior Notes Due 2026        
Debt Instrument [Line Items]        
Debt Instrument, Interest Rate, Stated Percentage     3.75%  
Long-term Debt, Gross     $ 500,000,000 500,000,000
Senior Notes, net | $500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period One        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     100.00%  
Senior Notes, net | $500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period Two        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     101.875%  
Senior Notes, net | $500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period Three        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     100.938%  
Senior Notes, net | $500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period Five        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     103.75%  
Senior Notes, net | $500 Million Senior Notes Due 2026 | Debt Instrument, Redemption, Period Four        
Debt Instrument [Line Items]        
Debt Instrument, Redemption Price, Percentage     100.00%  
Senior Notes, net | $500 Million Term Loan Maturing 2026        
Debt Instrument [Line Items]        
Debt Instrument, Covenant, Minimum, Unencumbered Asset To Unencumbered Debt Ratio     150.00%  
Debt Instrument, Covenant, Maximum, Consolidated Indebtedness Ratio     0.65  
Debt Instrument, Covenant, Maximum, Secured Indebtedness Ratio     45.00%  
Debt Instrument, Covenant, Minimum, Unsecured Interest Coverage Ratio     1.5  
Revolver and Term Loans, net        
Debt Instrument [Line Items]        
Unsecured Debt     $ 820,536,000 1,015,004,000
Mortgage loans, net | Level 3        
Debt Instrument [Line Items]        
Debt, net     $ 407,712,000 407,492,000
Revolver and Term Loans, net | The Revolver        
Debt Instrument [Line Items]        
Interest Rate     0.00%  
Revolver and Term Loans, net | $400 Million Term Loan Maturing 2019        
Debt Instrument [Line Items]        
Maximum borrowing capacity     $ 400,000,000  
Debt Instrument, Additional Maturity Term     1 year  
Line of credit     $ 52,300,000  
Term loan extension amount     $ 151,700,000  
Interest Rate     3.84%  
Unsecured Debt     $ 52,261,000 52,261,000
Revolver and Term Loans, net | $400 Million Term Loan Maturing 2019 | Subsequent Event        
Debt Instrument [Line Items]        
Line of credit $ 52,300,000      
Revolver and Term Loans, net | $225 Million Term Loan Maturing 2019        
Debt Instrument [Line Items]        
Maximum borrowing capacity     $ 225,000,000  
Debt Instrument, Additional Maturity Term     1 year  
Line of credit     $ 41,700,000  
Term loan extension amount     $ 73,000,000  
Interest Rate     3.84%  
Unsecured Debt     $ 41,745,000 41,745,000
Revolver and Term Loans, net | $225 Million Term Loan Maturing 2019 | Subsequent Event        
Debt Instrument [Line Items]        
Line of credit 41,700,000      
Proceeds from line of credit $ 95,000,000      
Revolver and Term Loans, net | $400 Million Term Loan Maturing 2025        
Debt Instrument [Line Items]        
Maximum borrowing capacity     $ 400,000,000  
Interest Rate     3.24%  
Unsecured Debt     $ 400,000,000 400,000,000
Revolver and Term Loans, net | $200 Million Term Loan Maturing 2026        
Debt Instrument [Line Items]        
Maximum borrowing capacity     $ 200,000,000  
Debt Instrument, Additional Maturity Term     1 year  
Revolver and Term Loans, net | $400 Million Term Loan Maturing 2024        
Debt Instrument [Line Items]        
Interest Rate     3.84%  
Unsecured Debt     $ 151,683,000 151,683,000
Revolver and Term Loans, net | $225 Million Term Loan Maturing 2024        
Debt Instrument [Line Items]        
Interest Rate     3.18%  
Unsecured Debt     $ 72,973,000 72,973,000
Revolver and Term Loans, net | $150 Million Term Loan Maturing 2022        
Debt Instrument [Line Items]        
Debt Instrument, Additional Maturity Term     1 year  
Interest Rate     2.85%  
Unsecured Debt     $ 105,000,000 $ 100,000,000
Line Of Credit Facility, Additional Borrowing Capacity   $ 200,000,000    
The Revolver | The Revolver        
Debt Instrument [Line Items]        
Maximum borrowing capacity     $ 600,000,000  
Debt Instrument, Additional Maturity Term     1 year 1 year
Unsecured Debt     $ 0 $ 200,000,000
Line of Credit Facility, Remaining Borrowing Capacity     $ 600,000,000 400,000,000
The Revolver | The Revolver | Minimum        
Debt Instrument [Line Items]        
Unused facility fee percentage     0.20%  
The Revolver | The Revolver | Maximum        
Debt Instrument [Line Items]        
Unused facility fee percentage     0.25%  
The Revolver | Term Loans, net        
Debt Instrument [Line Items]        
Unsecured Debt     $ 820,536,000 815,004,000
Prepaid Expenses and Other Current Assets        
Debt Instrument [Line Items]        
Unamortized deferred financing costs on the Revolver     $ 1,700,000 $ 2,900,000