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Unsecured and Secured Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2016
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
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |  | December 31, 2016
Unsecured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes(B) |  | $ | 2,932.2 |  |  | $ | 3,172.2 |  |  | 3.375%–7.875% |  |  | 3.375%–9.625% |  |  | April 2017– February 2026
Senior notes – discount, net |  |  | (5.0 | ) |  |  | (5.9 | ) |  |  |  |  |  |  |  |  |  |
Net unamortized debt issuance costs |  |  | (14.0 | ) |  |  | (17.1 | ) |  |  |  |  |  |  |  |  |  |
Total Senior Notes |  | $ | 2,913.2 |  |  | $ | 3,149.2 |  |  |  |  |  |  |  |  |  |  |
Unsecured Term Loan |  | $ | 400.0 |  |  | $ | 400.0 |  |  |  | 1.9% |  |  |  | 1.5% |  |  | April 2017
Net unamortized debt issuance costs |  |  | (1.6 | ) |  |  | (2.1 | ) |  |  |  |  |  |  |  |  |  |
Total Unsecured Term Loan |  | $ | 398.4 |  |  | $ | 397.9 |  |  |  |  |  |  |  |  |  |  |
Secured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured Term Loan |  | $ | 200.0 |  |  | $ | 200.0 |  |  |  | 2.1% |  |  |  | 1.8% |  |  | April 2017
Net unamortized debt issuance costs |  |  | (0.2 | ) |  |  | (0.7 | ) |  |  |  |  |  |  |  |  |  |
Total Secured Term Loan |  | $ | 199.8 |  |  | $ | 199.3 |  |  |  |  |  |  |  |  |  |  |
Mortgage indebtedness – Fixed Rate |  | $ | 959.1 |  |  | $ | 1,109.1 |  |  |  | 4.9% |  |  |  | 5.0% |  |  | April 2017– February 2022
Mortgage indebtedness – Variable Rate |  |  | 26.2 |  |  |  | 78.0 |  |  |  | 1.8% |  |  |  | 1.8% |  |  | March 2017
Net unamortized debt issuance costs |  |  | (2.8 | ) |  |  | (3.9 | ) |  |  |  |  |  |  |  |  |  |
Total Mortgage Indebtedness |  | $ | 982.5 |  |  | $ | 1,183.2 |  |  |  |  |  |  |  |  |  |  |
(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, 2016 and 2015.
(B) | Effective interest rate ranged from 3.5% to 8.1% at December 31, 2016.
Scheduled Principal Payments | The scheduled principal payments of the Revolving Credit Facilities (Note 6) and unsecured and secured indebtedness, excluding extension options, as of December 31, 2016, are as follows (in thousands):
Year |  | Amount |
2017 |  | $ | 1,124,292 |
2018 |  |  | 489,212 |
2019 |  |  | 185,819 |
2020 |  |  | 649,367 |
2021 |  |  | 394,455 |
Thereafter |  |  | 1,662,772 |
|  |  | 4,505,917 |
Unamortized fair market value of assumed debt |  |  | 6,593 |
Net unamortized debt issuance costs |  |  | (18,542 | )
Total indebtedness |  | $ | 4,493,968 |

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