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Unsecured and Secured Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Summary of Unsecured and Secured Indebtedness | The following table discloses certain information regarding the Company’s unsecured and secured indebtedness (in millions):
|  | Carrying Value at December 31, |  |  | Interest Rate(A) at December 31, |  |  | Maturity Date at
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | December 31, 2015
Unsecured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes(B) |  | $ | 3,172.2 |  |  | $ | 2,425.2 |  |  | 3.375%–9.625% |  |  | 3.375%–9.625% |  |  | March 2016– February 2026
Senior notes – (discount) premium, net |  |  | (5.9 | ) |  |  | 0.7 |  |  |  |  |  |  |  |  |  |  |
Net unamortized debt issuance costs |  |  | (17.1 | ) |  |  | (13.5 | ) |  |  |  |  |  |  |  |  |  |
Senior convertible notes due 2040, net |  |  | — |  |  |  | 340.0 |  |  | N/A |  |  |  | 1.75% |  |  | N/A
Total Senior Notes |  | $ | 3,149.2 |  |  | $ | 2,752.4 |  |  |  |  |  |  |  |  |  |  |
2015 Unsecured Term Loan |  | $ | 400.0 |  |  | N/A |  |  |  | 1.5% |  |  | N/A |  |  | April 2017
2014 Unsecured Term Loan |  | N/A |  |  | $ | 350.0 |  |  | N/A |  |  |  | 3.1% |  |  | N/A
Net unamortized debt issuance costs |  |  | (2.1 | ) |  |  | (2.1 | ) |  |  |  |  |  |  |  |  |  |
Total Unsecured Term Loan |  | $ | 397.9 |  |  | $ | 347.9 |  |  |  |  |  |  |  |  |  |  |
Secured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured Term Loan |  | $ | 200.0 |  |  | $ | 400.0 |  |  |  | 1.8% |  |  |  | 1.6% |  |  | April 2017
Net unamortized debt issuance costs |  |  | (0.7 | ) |  |  | (1.5 | ) |  |  |  |  |  |  |  |  |  |
Total Secured Term Loan |  | $ | 199.3 |  |  | $ | 398.5 |  |  |  |  |  |  |  |  |  |  |
Mortgage indebtedness – Fixed Rate |  | $ | 1,109.1 |  |  | $ | 1,590.6 |  |  |  | 5.0% |  |  |  | 5.4% |  |  | September 2016– February 2022
Mortgage indebtedness – Variable Rate |  |  | 78.0 |  |  |  | 99.2 |  |  |  | 1.8% |  |  |  | 1.4% |  |  | March 2016– December 2016
Net unamortized debt issuance costs |  |  | (3.9 | ) |  |  | (5.4 | ) |  |  |  |  |  |  |  |  |  |
Total Mortgage Indebtedness |  | $ | 1,183.2 |  |  | $ | 1,684.4 |  |  |  |  |  |  |  |  |  |  |
(A) | The interest rates reflected above for the senior notes represent the range of the coupon rate of the notes outstanding. All other interest rates presented are a weighted-average of the outstanding debt. Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at December 31, 2015 and 2014.
(B) | Effective interest rate ranged from 3.5% to 9.9% at December 31, 2015.
Summary of Carrying Amount of Debt and Equity Balance | The Company’s carrying amount of its debt and equity balance at December 31, 2014, for the senior convertible notes was as follows (in thousands):
| December 31, 2014 |
Carrying value of equity component | $ | 52,497 |
Principal amount of senior convertible notes | $ | 350,000 |
Remaining unamortized accretion |  | (9,954 | )
Net carrying value of senior convertible notes | $ | 340,046 |
Scheduled Principal Payments | The scheduled principal payments of the Revolving Credit Facilities (Note 6), unsecured and secured indebtedness, excluding extension options, as of December 31, 2015, are as follows (in thousands):
Year |  | Amount |
2016 |  | $ | 410,199 |
2017 |  |  | 1,132,968 |
2018 |  |  | 505,499 |
2019 |  |  | 395,819 |
2020 |  |  | 649,109 |
Thereafter |  |  | 2,056,918 |
|  |  | 5,150,512 |
Unamortized fair market value of assumed debt |  |  | 12,860 |
Net unamortized debt issuance costs |  |  | (23,835 | )
Total indebtedness |  | $ | 5,139,537 |

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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