XML 83 R72.htm IDEA: XBRL DOCUMENT v3.20.2
Debt - Narratives (Details)
3 Months Ended 9 Months Ended
Oct. 14, 2020
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
EUR (€)
Sep. 30, 2020
GBP (£)
Mar. 27, 2020
USD ($)
Feb. 20, 2020
USD ($)
Feb. 20, 2020
EUR (€)
Feb. 20, 2020
GBP (£)
Feb. 19, 2020
USD ($)
Dec. 31, 2019
USD ($)
Senior Unsecured Credit Facility                          
Maximum borrowing capacity   $ 2,750,000,000   $ 2,750,000,000         $ 2,100,000,000     $ 1,850,000,000  
Debt outstanding   488,273,000   488,273,000                 $ 201,267,000
Financing cost   20,705,000   20,705,000         10,000,000.0        
Non Recourse Mortgage                          
Debt outstanding balance   4,513,243,000   4,513,243,000                 4,390,189,000
Real estate carrying value   12,047,350,000   12,047,350,000                 11,916,745,000
Repayments of non recourse mortgage loan       241,332,000 $ 93,872,000                
Prepayments of mortgage principal       0 872,799,000                
Increase in value of balance sheet item due to foreign currency translation   34,170,000 $ (37,412,000) (4,183,000) $ (41,772,000)                
Unamortized discount   24,592,000   24,592,000                  
Merged Entities                          
Non Recourse Mortgage                          
Unamortized discount   $ 4,800,000   $ 4,800,000                  
Fixed interest rate                          
Non Recourse Mortgage                          
Weighted average interest rate   4.90%   4.90%   4.90% 4.90%            
Variable interest rate                          
Non Recourse Mortgage                          
Weighted average interest rate   2.90%   2.90%   2.90% 2.90%            
Vacant Properties                          
Senior Unsecured Credit Facility                          
Stated interest rate (percentage)   6.90%   6.90%   6.90% 6.90%            
Non Recourse Mortgage                          
Debt outstanding balance   $ 3,000,000.0   $ 3,000,000.0                  
Accrued interest payable   200,000   200,000                  
Real estate carrying value   3,700,000   3,700,000                  
Unsecured senior notes                          
Senior Unsecured Credit Facility                          
Financing cost   20,300,000   20,300,000                 22,800,000
Principal Amount   4,600,000,000   4,600,000,000                  
Non Recourse Mortgage                          
Debt outstanding balance   4,552,000,000.0   4,552,000,000.0                 4,433,500,000
Unamortized discount   $ 18,500,000   $ 18,500,000                 20,500,000
Unsecured senior notes | Senior Note 2.400% Due 2031 | Subsequent Events                          
Senior Unsecured Credit Facility                          
Principal Amount $ 500,000,000.0                        
Stated interest rate (percentage) 2.40%                        
Price of par value (percentage) 99.099%                        
Debt instrument term (years) 10 years 3 months 18 days                        
Non-Recourse Debt                          
Non Recourse Mortgage                          
Weighted average interest rate   5.00% 4.90% 5.00% 4.90% 5.00% 5.00%            
Repayments of non recourse mortgage loan       $ 202,500,000 $ 39,400,000                
Unsecured Revolving Credit Facility                          
Senior Unsecured Credit Facility                          
Debt outstanding   $ 182,799,000   182,799,000                 201,267,000
Line of credit facility, available   1,600,000,000   $ 1,600,000,000                  
Debt Instrument borrowing capacity fee (percentage)       0.20%                  
Unsecured Revolving Credit Facility | USD                          
Senior Unsecured Credit Facility                          
Maximum borrowing capacity                 1,800,000,000        
Debt outstanding   160,000,000   $ 160,000,000                 0
Unsecured Revolving Credit Facility | GBP                          
Senior Unsecured Credit Facility                          
Debt outstanding   0   0                 47,534,000
Unsecured Revolving Credit Facility | EUR                          
Senior Unsecured Credit Facility                          
Debt outstanding   0   0                 131,438,000
Unsecured Term Loans                          
Senior Unsecured Credit Facility                          
Debt outstanding   305,474,000   305,474,000                 0
Unsecured Term Loans | GBP                          
Senior Unsecured Credit Facility                          
Maximum borrowing capacity | £                     £ 150,000,000.0    
Debt outstanding   192,492,000   192,492,000     £ 150,000,000.0   $ 193,100,000       0
Non Recourse Mortgage                          
Unamortized discount   1,300,000   1,300,000                  
Unsecured Term Loans | EUR                          
Senior Unsecured Credit Facility                          
Maximum borrowing capacity | €                   € 96,500,000      
Debt outstanding   112,982,000   112,982,000   € 96,500,000   $ 105,900,000         $ 0
Standby Letters of Credit                          
Senior Unsecured Credit Facility                          
Line of credit facility, available   20,100,000   20,100,000                  
Unsecured senior notes                          
Non Recourse Mortgage                          
Unamortized discount   $ 18,500,000   $ 18,500,000                  
Unsecured senior notes | Government bond yield | Minimum                          
Senior Unsecured Credit Facility                          
Variable interest rate (percentage)       0.30%                  
Unsecured senior notes | Government bond yield | Maximum                          
Senior Unsecured Credit Facility                          
Variable interest rate (percentage)       0.35%                  
Non-Recourse Debt                          
Non Recourse Mortgage                          
Prepayments of mortgage principal         $ 872,800,000                
Increase in value of balance sheet item due to foreign currency translation       $ 129,800,000