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Secured and unsecured senior debt Detail of secured and unsecured debt (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2015
USD ($)
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate $ 3,275,629
Unhedged Variable rate 1,038,603
Total Consolidated 4,314,232
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 4,279,969
Debt Instrument, Annual Principal Payment $ 34,263
Effective rate (as a percent) 2.97% [1]
2015  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate $ 2,282
Unhedged Variable rate 0
Total Consolidated 2,282
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 0
Debt Instrument, Annual Principal Payment 2,282
2016  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 241,973
Unhedged Variable rate 68,099
Total Consolidated 310,072
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 304,999
Debt Instrument, Annual Principal Payment 5,073
2017  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 3,615
Unhedged Variable rate 227,504
Total Consolidated 231,119
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 227,504
Debt Instrument, Annual Principal Payment 3,615
2018  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 4,932
Unhedged Variable rate 0
Total Consolidated 4,932
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 0
Debt Instrument, Annual Principal Payment 4,932
2019 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 705,578
Unhedged Variable rate 743,000
Total Consolidated 1,448,578
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 1,443,000
Debt Instrument, Annual Principal Payment 5,578
Maturity Date After 2019 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 2,317,249
Unhedged Variable rate 0
Total Consolidated 2,317,249
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid 2,304,466
Debt Instrument, Annual Principal Payment 12,783
Secured notes payable  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 478,016
Unhedged Variable rate 295,603
Total Consolidated $ 773,619
Stated interest rate (as a percent) 4.35%
Effective rate (as a percent) 4.23% [1]
Future principal payments due on secured and unsecured debt  
Due Current Year $ (2,365)
Due Next Year 310,409
Due Year Three 231,469
Due Year Four 5,294
Due Year Five 5,953
Thereafter $ 218,129
CMBS maturing on 1/1/16  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 5.73%
Effective rate (as a percent) 5.73% [1]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 466
Future principal payments due on secured and unsecured debt  
Due Next Year 75,501
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 75,967
CMBS maturing on 4/1/16  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 5.82%
Effective rate (as a percent) 5.82% [1]
Maturity Date Apr. 01, 2016 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 249
Future principal payments due on secured and unsecured debt  
Due Next Year 29,389
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 29,638
Secured Debt Maturing On 15 April 2016  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 5.74%
Effective rate (as a percent) 3.00% [1]
Maturity Date Apr. 15, 2016 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 45
Future principal payments due on secured and unsecured debt  
Due Next Year 6,916
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 6,961
Secured notes payable maturing on 06/1/16  
Summary of fixed rate/hedged and floating rate debt  
Effective rate (as a percent) 1.59% [1]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 20,714
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 20,714
Secured Debt from Bank Maturing on 1 July 2016 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Effective rate (as a percent) 1.69% [1]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 47,385
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter $ 0
CMBS maturing on 8/1/16  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 6.35%
Effective rate (as a percent) 6.35% [1]
Maturity Date Aug. 01, 2016 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 662
Future principal payments due on secured and unsecured debt  
Due Next Year 126,715
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 127,377
Secured Debt from Bank Maturing on 20 January 2017  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 2.18%
Effective rate (as a percent) 2.18% [1]
Maturity Date Jan. 20, 2017 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 76,000
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 76,000
Secured Debt Maturing on 23 August 2017 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Effective rate (as a percent) 1.54% [1]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 151,504
Due Year Four 0
Due Year Five 0
Thereafter 0
Outstanding Balance $ 151,504
Secured Debt Other Maturing 1 April 2020  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 7.75%
Effective rate (as a percent) 7.75% [1]
Maturity Date Apr. 01, 2020 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 404
Future principal payments due on secured and unsecured debt  
Due Next Year 1,696
Due Year Three 1,832
Due Year Four 1,979
Due Year Five 2,138
Thereafter 104,352
Outstanding Balance $ 112,401
Secured Debt Maturing on January 2023  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 4.66%
Effective rate (as a percent) 4.66% [1]
Maturity Date Jan. 01, 2023 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 354
Future principal payments due on secured and unsecured debt  
Due Next Year 1,464
Due Year Three 1,540
Due Year Four 1,614
Due Year Five 1,692
Thereafter 31,674
Outstanding Balance $ 38,338
Secured debt maturing in 2023 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 3.93%
Effective rate (as a percent) 3.10% [1]
Maturity Date Mar. 10, 2023 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 1,091
Due Year Five 1,505
Thereafter 79,404
Outstanding Balance $ 82,000
Secured notes payable from bank maturing on 6/1/37  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 6.50%
Effective rate (as a percent) 6.50% [1]
Maturity Date Jul. 01, 2036 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 1
Future principal payments due on secured and unsecured debt  
Due Next Year 19
Due Year Three 20
Due Year Four 22
Due Year Five 23
Thereafter 728
Outstanding Balance 813
Unamortized Premiums  
Future principal payments due on secured and unsecured debt  
Unamortized premium 4,521
Unamortized Premiums | 2015  
Future principal payments due on secured and unsecured debt  
Unamortized premium 184
Unamortized Premiums | 2016  
Future principal payments due on secured and unsecured debt  
Unamortized premium 610
Unamortized Premiums | 2017  
Future principal payments due on secured and unsecured debt  
Unamortized premium 573
Unamortized Premiums | 2018  
Future principal payments due on secured and unsecured debt  
Unamortized premium 588
Unamortized Premiums | 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Unamortized premium 595
Unamortized Premiums | Maturity Date After 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Unamortized premium 1,971
Unsecured Debt  
Summary of fixed rate/hedged and floating rate debt  
Total Consolidated $ 3,540,613
Effective rate (as a percent) 2.69% [1]
Unsecured Debt | 2015  
Future principal payments due on secured and unsecured debt  
Due Current Year $ 83
Unsecured Debt | 2016  
Future principal payments due on secured and unsecured debt  
Due Next Year (337)
Unsecured Debt | 2017  
Future principal payments due on secured and unsecured debt  
Due Year Three (350)
Unsecured Debt | 2018  
Future principal payments due on secured and unsecured debt  
Due Year Four (362)
Unsecured Debt | 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Due Year Five 1,442,625
Unsecured Debt | Maturity Date After 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Thereafter 2,099,120
2019 Unsecured Senior Bank Term Loan  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 600,000
Unhedged Variable rate 0
Total Consolidated $ 600,000
Effective rate (as a percent) 1.72% [1]
Maturity Date Jan. 03, 2019 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 600,000
Thereafter 0
Outstanding Balance 600,000
Unsecured Bank Term Loan 2021 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 350,000
Unhedged Variable rate 0
Total Consolidated $ 350,000
Effective rate (as a percent) 1.52% [1]
Maturity Date Jan. 15, 2021 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 350,000
Outstanding Balance 350,000
$1.5 billion unsecured senior line of credit  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 100,000
Unhedged Variable rate 743,000
Total Consolidated $ 843,000
Effective rate (as a percent) 1.19% [1],[3]
Maturity Date Jan. 03, 2019 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Annual facility fee (as a percent) 0.20%
Future principal payments due on secured and unsecured debt  
Due Next Year $ 0
Due Year Three 0
Due Year Four 0
Due Year Five 843,000
Thereafter 0
Outstanding Balance $ 843,000
Unsecured Senior Notes Due in January 2020 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 2.75%
Effective rate (as a percent) 2.79% [1]
Maturity Date Jan. 15, 2020 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 400,000
Outstanding Balance $ 400,000
4.60% unsecured senior notes payable  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 4.60%
Effective rate (as a percent) 4.61% [1]
Maturity Date Apr. 01, 2022 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 550,000
Outstanding Balance $ 550,000
3.90% unsecured senior notes payable  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 3.90%
Effective rate (as a percent) 3.94% [1]
Maturity Date Jun. 15, 2023 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 500,000
Outstanding Balance $ 500,000
Unsecured Senior Notes Due in July 2029 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Stated interest rate (as a percent) 4.50%
Effective rate (as a percent) 4.51% [1]
Maturity Date Jul. 30, 2029 [2]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 0
Future principal payments due on secured and unsecured debt  
Due Next Year 0
Due Year Three 0
Due Year Four 0
Due Year Five 0
Thereafter 300,000
Outstanding Balance 300,000
Unamortized Discounts  
Future principal payments due on secured and unsecured debt  
Unamortized discount (2,387)
Unamortized Discounts | 2015  
Future principal payments due on secured and unsecured debt  
Unamortized discount (83)
Unamortized Discounts | 2016  
Future principal payments due on secured and unsecured debt  
Unamortized discount (337)
Unamortized Discounts | 2017  
Future principal payments due on secured and unsecured debt  
Unamortized discount (350)
Unamortized Discounts | 2018  
Future principal payments due on secured and unsecured debt  
Unamortized discount (362)
Unamortized Discounts | 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Unamortized discount (375)
Unamortized Discounts | Maturity Date After 2019 [Member]  
Future principal payments due on secured and unsecured debt  
Unamortized discount (880)
Senior Notes [Member]  
Summary of fixed rate/hedged and floating rate debt  
Fixed Rate/Hedged Variable Rate 1,747,613
Unhedged Variable rate 0
Total Consolidated $ 1,747,613
Effective rate (as a percent) 3.98%
LIBOR | Secured notes payable maturing on 06/1/16  
Summary of fixed rate/hedged and floating rate debt  
Base rate LIBOR
Applicable margin (as a percent) 1.40%
LIBOR | Secured Debt Maturing on 23 August 2017 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Base rate LIBOR
Applicable margin (as a percent) 1.35%
LIBOR | 2019 Unsecured Senior Bank Term Loan  
Summary of fixed rate/hedged and floating rate debt  
Base rate LIBOR
Applicable margin (as a percent) 1.20%
LIBOR | Unsecured Bank Term Loan 2021 [Member]  
Summary of fixed rate/hedged and floating rate debt  
Base rate LIBOR
Applicable margin (as a percent) 1.10%
LIBOR | $1.5 billion unsecured senior line of credit  
Summary of fixed rate/hedged and floating rate debt  
Base rate LIBOR
Applicable margin (as a percent) 1.10% [4]
[1] Represents the weighted-average interest rate as of the end of the period plus the impact of debt premiums/discounts and our interest rate swap agreements. The weighted-average interest rate excludes bank fees and amortization of loan fees.
[2] Includes any extension options that we control.
[3] Our unsecured senior line of credit contains a feature that allows lenders to competitively bid on the interest rate for borrowings under the facility. This may result in an interest rate that is below the stated rate of LIBOR+1.10%. In addition to the cost of borrowing, the facility is subject to an annual facility fee of 0.20%, based on the aggregate commitments outstanding.
[4] We have two, one-year options to extend the stated maturity date to June 1, 2018, subject to certain conditions.