Corporate Indebtedness (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of senior unsecured notes and other related disclosures by scheduled maturity date

The following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2018 and December 31, 2017, respectively, by scheduled maturity date (amounts in thousands):

Issuance	September 30, 2018 Unpaid Principal Balance		September 30, 2018 Accreted Balance			December 31, 2017 Accreted Balance			Interest Rate (1)			Initial Term (in Years)	Maturity Date
March 16, 2010 (2)	$	250,000	$	250,000		$	250,000			7.75	%	10	March 2020
August 7, 2018 (3)	350,000		350,000			—			L+	0.98	%	3	August 2021
October 5, 2017 (3)	500,000		499,565			499,489				3.25	%	5	October 2022
November 15, 2012 (4)	300,000		304,421			305,163				4.50	%	10	December 2022
December 17, 2015 (2)	100,000		100,000			100,000				4.27	%	10	December 2025
August 5, 2011 (2) (5)	—		—			249,953
	$	1,500,000	$	1,503,986		$	1,404,605
Deferred financing costs, net			(9,160		)	(8,666		)
	$	1,500,000	$	1,494,826		$	1,395,939

(1) Interest rate as of September 30, 2018, taking into account interest rate hedges in effect during the period. Floating rate notes are presented with the stated spread over 3-month LIBOR, unless otherwise specified. Interest on the senior unsecured notes is payable semi-annually with principal and unpaid interest due on the scheduled maturity dates.

(2) Issued by the Company, the Operating Partnership and ROP, as co-obligors.

(3) Issued by the Operating Partnership with the Company and ROP as guarantors.

(4) In October 2017, the Company, the Operating Partnership and ROP, as co-obligors, issued an additional $100.0 million of 4.50% senior unsecured notes due December 2022. The notes were priced at 105.334%.

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2018, including as-of-right extension options and put options, were as follows (in thousands):

	Scheduled Amortization		Principal		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
Remaining 2018	$	9,881	$	—	$	—	$	—	$	—	$	—	$	9,881	$	2,568
2019	42,271		116,000		—		—		—		—		158,271		115,295
2020	23,466		704,531		—		—		—		250,000		977,997		276,822
2021	11,638		—		—		—		—		350,000		361,638		454,621
2022	9,430		198,555		—		—		—		800,000		1,007,985		220,810
Thereafter	16,591		1,251,667		145,000		1,500,000		100,000		100,000		3,113,258		2,879,344
	$	113,277	$	2,270,753	$	145,000	$	1,500,000	$	100,000	$	1,500,000	$	5,629,030	$	3,949,460

Schedule of consolidated interest expense, excluding capitalized interest

Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Interest expense before capitalized interest	$	64,078		$	72,859		$	180,550		$	217,273
Interest capitalized	(8,504		)	(6,869		)	(22,785		)	(19,892		)
Interest income	(406		)	(356		)	(1,070		)	(1,269		)
Interest expense, net	$	55,168		$	65,634		$	156,695		$	196,112