Corporate Indebtedness (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019 and December 31, 2018, respectively, by scheduled maturity date (amounts in thousands):

Issuance	September 30, 2019 Unpaid Principal Balance		September 30, 2019 Accreted Balance			December 31, 2018 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) (4)	350,000		350,000			350,000			L+	0.98	%	3	August 2021
October 5, 2017 (3)	500,000		499,669			499,591				3.25	%	5	October 2022
November 15, 2012 (5)	300,000		303,404			304,168				4.50	%	10	December 2022
December 17, 2015 (2)	100,000		100,000			100,000				4.27	%	10	December 2025
	$	1,500,000	$	1,503,073		$	1,503,759
Deferred financing costs, net			(6,706		)	(8,545		)
	$	1,500,000	$	1,496,367		$	1,495,214

(1) Interest rate as of September 30, 2019, 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.

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

(3) Issued by the Operating Partnership with the Company as the guarantor.

(4) Beginning on August 8, 2019 and at any time thereafter, the notes are subject to redemption at the Company's option, in whole but not in part, at a redemption price equal to 100% of the principal amount of the notes, plus unpaid accrued interest thereon to the redemption date.

(5) In October 2017, the Company and the Operating Partnership 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% of par.

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, 2019, including as-of-right extension options and put options, were as follows (in thousands):

	Scheduled Amortization		Mortgages and Other Loans Payable		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
Remaining 2019	$	2,307	$	14,500	$	—	$	—	$	—	$	—	$	16,807	$	10,700
2020	11,118		230,630		—		—		—		250,000		491,748		804,143
2021	11,638		234,901		—		—		—		350,000		596,539		704,174
2022	9,430		737,452		—		—		—		800,000		1,546,882		268,968
2023	7,301		50,000		335,000		1,300,000		—		—		1,692,301		311,452
Thereafter	9,290		1,136,116		—		200,000		100,000		100,000		1,545,406		1,831,026
	$	51,084	$	2,403,599	$	335,000	$	1,500,000	$	100,000	$	1,500,000	$	5,889,683	$	3,930,463

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,
	2019			2018			2019			2018
Interest expense before capitalized interest	$	63,607		$	64,078		$	185,163		$	180,550
Interest on financing leases	813			—			2,425			—
Interest capitalized	(15,700		)	(8,504		)	(38,228		)	(22,785		)
Interest income	(608		)	(406		)	(3,563		)	(1,070		)
Interest expense, net	$	48,112		$	55,168		$	145,797		$	156,695