XML 72 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Secured and unsecured senior debt (Details) (USD $)
9 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
2012
Sep. 30, 2012
2013
Sep. 30, 2012
2014
Sep. 30, 2012
2015
Sep. 30, 2012
2016
Sep. 30, 2012
Thereafter
Sep. 30, 2012
Secured notes payable
Sep. 30, 2012
Secured notes payable from insurance co. maturing on 3/1/13
Sep. 30, 2012
CMBS maturing on 9/1/13
Sep. 30, 2012
Other secured notes payable maturing on 11/16/13
Sep. 30, 2012
Secured notes payable from insurance co. maturing on 4/1/14
Sep. 30, 2012
Secured notes payable from bank maturing on 4/20/14
Sep. 30, 2012
Secured notes payable from bank maturing on 7/1/14
Sep. 30, 2012
Secured notes payable from bank maturing on 11/1/14
Sep. 30, 2012
Other secured notes payable maturing on 11/18/14
Sep. 30, 2012
Secured notes payable from bank maturing on 6/1/15
Sep. 30, 2012
Secured notes payable from bank maturing on 7/1/15
Sep. 30, 2012
CMBS maturing on 1/1/16
Sep. 30, 2012
CMBS maturing on 4/1/16
Sep. 30, 2012
CMBS maturing on 8/1/16
Sep. 30, 2012
Other secured notes payable maturing on 4/1/20
Sep. 30, 2012
Secured notes payable from bank maturing on 6/1/37
Sep. 30, 2012
Unsecured Senior Line of Credit and Bank Term Loans
Apr. 30, 2012
$1.5 billion unsecured senior line of credit
item
Sep. 30, 2012
$1.5 billion unsecured senior line of credit
Sep. 30, 2012
2016 Unsecured Senior Bank Term Loan
Sep. 30, 2012
2017 Unsecured Senior Bank Term Loan
Sep. 30, 2012
Unsecured Senior Notes Payable
Sep. 30, 2012
8.00% Unsecured Senior Convertible Notes
Dec. 31, 2011
8.00% Unsecured Senior Convertible Notes
Sep. 30, 2012
Unsecured senior notes payable
Feb. 29, 2012
Unsecured senior notes payable
Summary of fixed rate/hedged and floating rate debt                                                                  
Fixed Rate/Hedged Variable Rate $ 2,590,609,000 $ 2,569,000 $ 51,565,000 $ 229,547,000 $ 12,819,000 $ 983,276,000 $ 1,310,833,000 $ 640,815,000                                   $ 50,000,000 $ 750,000,000 $ 600,000,000 $ 549,794,000        
Unhedged Variable rate 441,535,000 60,000 240,000 76,240,000 1,995,000   363,000,000 78,535,000                                   363,000,000              
Total consolidated debt 3,032,144,000 2,629,000 51,805,000 305,787,000 14,814,000 983,276,000 1,673,833,000 719,350,000 8,012,000 26,228,000 7,527,000 213,451,000 76,000,000 6,622,000 7,701,000 540,000 6,077,000 1,995,000 81,039,000 32,394,000 134,728,000 116,685,000 874,000     413,000,000 750,000,000 600,000,000 549,794,000        
Percentage of Total 100.00%             23.70%                                   13.60% 24.80% 19.80% 18.10%        
Weighted average interest rate (as a percent) 3.93%             5.76%                                   1.46% 3.12% 3.84% 4.61%        
Weighted Average Remaining Term 4 years 10 months 24 days             3 years 2 months 12 days                                   4 years 7 months 6 days 3 years 9 months 18 days 4 years 3 months 18 days 9 years 6 months        
Percentage of fixed rate/hedged total debt 85.00%                                                                
Percentage of unhedged floating rate total debt 15.00%                                                                
Unsecured credit facility maximum permitted borrowings                                                   1,100,000,000              
Amount available for borrowing                                                     1,500,000,000            
Stated interest rate (as a percent)               5.70% 6.21% 6.36% 6.14% 5.26% 2.33% 6.05% 5.39% 6.00% 5.64%   5.73% 5.82% 6.35% 7.75% 6.50%             8.00% 8.00% 4.60% 4.60%
Base rate                               U.S. treasury bills Rate   LIBOR               LIBOR LIBOR LIBOR          
Applicable margin (as a percent)                               3.00%   1.50%               1.20% 1.75% 1.50%          
Effective rate (as a percent) 4.01%             5.76% 6.21% 6.36% 6.14% 5.59% 2.33% 4.88% 4.00% 6.00% 4.50% 1.74% 5.73% 5.82% 6.35% 7.75% 6.50% 3.93%   1.46% 3.12% 3.84%       4.61%  
Total consolidated debt, Effective Interest Rate (as a percent) 3.93%                                                                
Future principal payments due on secured and unsecured debt                                                                  
2012               2,741,000 78,000 135,000   929,000   22,000 29,000 60,000 21,000   393,000 208,000 542,000 320,000 4,000                    
2013               52,269,000 7,934,000 26,093,000 7,527,000 3,839,000   142,000 177,000 240,000 130,000   1,616,000 878,000 2,332,000 1,345,000 16,000                    
2014               305,615,000       208,683,000 76,000,000 6,458,000 7,495,000 240,000 138,000   1,713,000 931,000 2,487,000 1,453,000 17,000           250,000        
2015               14,826,000                 5,788,000 1,995,000 1,816,000 988,000 2,652,000 1,570,000 17,000                    
2016               233,320,000                     75,501,000 29,389,000 126,715,000 1,696,000 19,000       750,000,000            
Thereafter               111,102,000                           110,301,000 801,000     413,000,000   600,000,000 550,000,000        
Average/Subtotal 3,033,123,000 2,741,000 52,269,000 305,865,000 14,826,000 983,320,000 1,674,102,000                                             250,000 250,000    
Unamortized discount (979,000) (112,000) (464,000) (78,000) (12,000) (44,000) (269,000)                                             (10,000) (15,000)    
Average/Total 3,032,144,000 2,629,000 51,805,000 305,787,000 14,814,000 983,276,000 1,673,833,000 719,350,000 8,012,000 26,228,000 7,527,000 213,451,000 76,000,000 6,622,000 7,701,000 540,000 6,077,000 1,995,000 81,039,000 32,394,000 134,728,000 116,685,000 874,000     413,000,000 750,000,000 600,000,000 549,794,000        
Balloon payments 2,993,038,000   41,165,000 297,330,000 7,723,000 980,029,000 1,666,791,000                                                    
Principal amortization $ 39,106,000 $ 2,629,000 $ 10,640,000 $ 8,457,000 $ 7,091,000 $ 3,247,000 $ 7,042,000                                                    
Term of U.S. treasury bills                               10 years                                  
Interest rate, variable interest rate floor (as a percent)                               6.00%                                  
Interest rate, variable interest rate ceiling (as a percent)                               8.50%                                  
Annual facility fee (as a percent)                                                   0.25%              
Number of extensions to maturity date                                                 2                
Length of maturity date extension period                                                 6 months