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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of additional outstanding debt
At December 31, 2018 and 2017, our outstanding senior unsecured notes and secured debt consisted of the following:
 
 
 
 
 
 
December 31, 2018
 
December 31, 2017
Senior Unsecured Notes
 
Coupon
 
Maturity
 
Face
Amount
 
Unamortized
Discount
 
Face
Amount
 
Unamortized
Discount
Senior unsecured notes
 
3.250
%
 
May 19
 
$
400,000

 
$
19

 
$
400,000

 
$
78

Senior unsecured notes
 
6.750
%
 
Apr 20
 
200,000

 
274

 
200,000

 
488

Senior unsecured notes
 
6.750
%
 
Dec 21
 
300,000

 
1,558

 
300,000

 
2,093

Senior unsecured notes
 
4.750
%
 
May 24
 
250,000

 
421

 
250,000

 
500

Senior unsecured notes
 
4.750
%
 
Feb 28
 
500,000

 
7,702

 
—

 
—

Senior unsecured notes
 
5.625
%
 
Aug 42
 
350,000

 
—

 
350,000

 
—

Senior unsecured notes
 
6.250
%
 
Feb 46
 
250,000

 
—

 
250,000

 
—

Total senior unsecured notes
 
 
 
 
 
$
2,250,000

 
$
9,974

 
$
1,750,000

 
$
3,159
Schedule of secured and other debt
 
 
Principal Balance as of
December 31,
 
 
 
 
 
Number of
Properties as
Collateral
 
Net Book Value of Collateral
as of December 31,
 
 
 
 
 
 
 
 
Secured and Other Debt
 
2018(1)
 
2017(1)
 
Interest
Rate
 
Maturity
 
At December 31, 2018
 
2018
 
2017
Mortgage notes (2)
 
$
—

 
$
12,552

 
6.31
%
 
Oct 18
 
—

 
$
—

 
$
16,470

Mortgage notes (2)
 
—

 
11,858

 
6.24
%
 
Oct 18
 
—

 
—

 
15,025

Mortgage note (2)
 
—

 
67,749

 
4.47
%
 
Oct 18
 
—

 
—

 
175,975

Mortgage note (2)
 
—

 
6,430

 
4.69
%
 
Jan 19
 
—

 
—

 
9,477

Mortgage note
 
42,618

 
43,558

 
3.79
%
 
Jul 19
 
4

 
61,199

 
62,596

Mortgage note
 
2,037

 
2,603

 
7.49
%
 
Jan 22
 
1

 
14,602

 
15,099

Mortgage note
 
13,146

 
13,741

 
6.28
%
 
Jul 22
 
1

 
24,064

 
24,414

Mortgage note
 
11,180

 
11,392

 
4.85
%
 
Oct 22
 
1

 
20,602

 
21,065

Mortgage note
 
16,441

 
—

 
5.75
%
 
Oct 22
 
2

 
20,342

 
—

Mortgage note
 
16,442

 
—

 
6.64
%
 
Jun 23
 
1

 
20,538

 
—

Mortgage notes (3)
 
620,000

 
620,000

 
3.53
%
 
Aug 26
 
1

 
745,079

 
764,622

Mortgage note
 
1,983

 
2,395

 
6.25
%
 
Feb 33
 
1

 
4,402

 
4,473

Mortgage note
 
10,901

 
—

 
4.44
%
 
Jul 43
 
1

 
13,816

 
—

Mortgage note (2)
 
—

 
4,338

 
4.38
%
 
Sep 43
 
—

 
—

 
7,290

Capital Leases
 
9,832

 
10,694

 
7.70
%
 
Apr 26
 
2

 
17,970

 
18,525

Total secured
 
$
744,580

 
$
807,310

 
 
 
 
 
15

 
$
942,614

 
$
1,135,031


(1)
The principal balances are the amounts stated in the contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. As of December 31, 2018 and 2017, the unamortized net premiums and debt issuance costs on certain of these mortgages were $394 and $1,906, respectively.
(2)
In 2018, we prepaid these debts.
(3)
In July 2016, we entered loan agreements and obtained an aggregate $620,000 secured debt financing that matures in August 2026. These loans are secured by one MOB (two buildings). The property encumbered by these mortgages is owned by a joint venture in which we own a 55% equity interest.
Schedule of required principal payments on outstanding debt
Required principal payments on our outstanding debt as of December 31, 2018, are as follows:
Year
 
Principal Payment

 
2019
 
$
446,140

 
2020
 
553,785

 
2021
 
304,083

 
2022
 
378,357

 
2023
 
16,657

 
Thereafter
 
1,984,558

(1) 
 
 
 
 
 
 
$
3,683,580

 
 
(1) The carrying value of our total debt outstanding as of December 31, 2018, including unamortized debt issuance costs, premiums and discounts was $3,648,417.