XML 77 R59.htm IDEA: XBRL DOCUMENT v3.22.0.1
Indebtedness - Narrative (Details)
1 Months Ended 5 Months Ended 12 Months Ended
Feb. 23, 2022
USD ($)
Feb. 28, 2021
USD ($)
Feb. 07, 2021
Jan. 31, 2021
USD ($)
Jun. 30, 2020
USD ($)
May 31, 2020
USD ($)
property
Apr. 30, 2020
USD ($)
Feb. 29, 2020
USD ($)
property
May 31, 2019
USD ($)
community
Jun. 02, 2020
Dec. 31, 2021
USD ($)
property
Dec. 31, 2020
USD ($)
property
Dec. 31, 2019
USD ($)
property
Jan. 31, 2023
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Jan. 30, 2021
USD ($)
Debt Instrument                                  
Revolving credit facility                     $ 800,000,000 $ 0          
Loss on early extinguishment of debt                     $ 2,410,000 427,000 $ 44,000        
Number of properties owned (property) | property                     390            
Total real estate properties, gross                     $ 6,813,556,000 7,410,730,000          
Repayments of borrowings on revolving credit facility                     0 968,000,000 $ 596,000,000        
Accrued interest                     $ 29,845,000 23,772,000          
Debt ratio                     150.00%            
Senior unsecured notes                                  
Debt Instrument                                  
Principal amount of debt                     $ 2,850,000,000 $ 2,650,000,000          
Medical Office                                  
Debt Instrument                                  
Number of properties owned (property) | property                       7 20        
Life Science                                  
Debt Instrument                                  
Number of properties owned (property) | property                         1        
Unsecured Revolving Credit Facility                                  
Debt Instrument                                  
Unsecured revolving credit facility, maximum borrowing capacity       $ 800,000,000             $ 800,000,000           $ 1,000,000,000
Revolving credit facility, interest rate payable (as a percent)                     2.90%            
Loan commitment fee percentage                     0.30%            
Weighted average interest rate on debt (as a percent)                     2.90% 2.20% 3.40%        
Revolving credit facility                               $ 800,000,000  
Loss on early extinguishment of debt                     $ 563,000            
Capital expenditure funding capacity   $ 350,000,000   250,000,000                          
Minimum liquidity requirement amount       $ 200,000,000                          
Weighted average annual interest rate (as a percent)                         2.90%        
Unsecured Revolving Credit Facility | Subsequent Event                                  
Debt Instrument                                  
Unsecured revolving credit facility, maximum borrowing capacity $ 700,000,000                                
Option term (years) 1 year                                
Capital expenditure funding capacity $ 400,000,000                                
Repayments of borrowings on revolving credit facility 100,000,000                                
Minimum liquidity requirement amount $ 200,000,000                                
Unsecured Revolving Credit Facility | Subsequent Event | Forecast                                  
Debt Instrument                                  
Unsecured revolving credit facility, maximum borrowing capacity                           $ 586,373,000      
Unsecured Revolving Credit Facility | Life Science / Medical Office                                  
Debt Instrument                                  
Number of properties owned (property) | property                     61            
Total real estate properties, gross                     $ 992,493,000            
Term loan due 2022 | Senior unsecured notes                                  
Debt Instrument                                  
Revolving credit facility                                 $ 200,000,000
Loss on early extinguishment of debt                     1,477,000            
Principal amount of debt   200,000,000                              
Debt Instrument, Interest Rate During Period     2.90%                 2.70% 3.70%        
Senior Unsecured Notes Due June 2021 | Senior unsecured notes                                  
Debt Instrument                                  
Loss on early extinguishment of debt                     370,000            
Principal amount of debt                     $ 300,000,000            
Interest rate (as a percent)                     6.75%            
Accrued interest                     $ 10,125,000            
Senior unsecured notes due 2019                                  
Debt Instrument                                  
Loss on early extinguishment of debt                         $ 17,000        
Interest rate (as a percent)                 325.00%                
Debt extinguishment, amount                 $ 400,000                
Debt extinguishment, accrued and interest payable                 6,500,000                
Senior Unsecured Note Due July 2019                                  
Debt Instrument                                  
Principal amount of debt                 $ 42,211,000                
Interest rate (as a percent)                 3.79%                
Number of communities | community                 4                
Term loan due 2020                                  
Debt Instrument                                  
Loss on early extinguishment of debt                       $ 26,000 (27,000)        
Principal amount of debt                         250,000,000   $ 250,000    
Weighted average annual interest rate (as a percent)                   2.40%              
Unsecured term loan due January 2020                                  
Debt Instrument                                  
Principal amount of debt                         $ 350,000,000        
Senior Unsecured Notes Due March 2026 | Life Science                                  
Debt Instrument                                  
Loss on early extinguishment of debt                       $ 246,000          
Number of properties owned (property) | property               1                  
Interest rate (as a percent)               6.25%                  
Repayments of debt               $ 1,554,000                  
Senior unsecured note due 2020                                  
Debt Instrument                                  
Interest rate (as a percent)             6.75%                    
Debt extinguishment, amount             $ 200,000                    
Accrued and unpaid interest             $ 6,750,000                    
Mortgage notes 7.49% maturing in January 2022 | Medical Office                                  
Debt Instrument                                  
Loss on early extinguishment of debt                     $ 155,000            
Number of properties owned (property) | property           1                      
Interest rate (as a percent)           7.49%                      
Repayments of debt           $ 1,213,000                      
Senior Unsecured Note Due March 2025                                  
Debt Instrument                                  
Principal amount of debt                             $ 1,000,000    
Interest rate (as a percent)                             9.75%    
Net proceeds from offering         $ 982,300,000                        
Debt instrument, redemption percentage, maximum                             40.00%    
Debt instrument, outstanding percentage, maximum                             50.00%    
Senior Note 4.375 Due 2031 | Senior unsecured notes                                  
Debt Instrument                                  
Principal amount of debt   $ 500,000,000                              
Interest rate (as a percent)   4.375%                              
Net proceeds from offering   $ 491,357,000                              
Revolving Credit Facility | Unsecured Revolving Credit Facility | Subsequent Event                                  
Debt Instrument                                  
Basis points per annum (as a percent) 0.15%                                
Revolving Credit Facility | Unsecured Revolving Credit Facility | LIBOR                                  
Debt Instrument                                  
Basis points per annum (as a percent)       0.30%