Corporate Indebtedness (Tables)

12 Months Ended

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

Issuance	December 31, 2019 Unpaid Principal Balance		December 31, 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		499,695			499,591				3.25	%	5	October 2022
November 15, 2012 (5)	300,000		303,142			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	$	1,502,837		$	1,503,759
Deferred financing costs, net			(5,990		)	(8,545		)
	$	1,500,000	$	1,496,847		$	1,495,214

(1) Interest rate as of December 31, 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 December 31, 2019, including as-of-right extension options and put options, were as follows (dollars in thousands):

	Scheduled Amortization		Principal		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
2020	$	11,118	$	207,706	$	—	$	—	$	—	$	250,000	$	468,824	$	811,628
2021	11,638		239,908		—		—		—		350,000		601,546		805,276
2022	9,430		529,375		—		—		—		800,000		1,338,805		268,952
2023	7,301		50,000		240,000		1,300,000		—		—		1,597,301		311,436
2024	6,032		272,749		—		200,000		—		—		478,781		17,022
Thereafter	3,258		863,368		—		—		100,000		100,000		1,066,626		1,813,821
	$	48,777	$	2,163,106	$	240,000	$	1,500,000	$	100,000	$	1,500,000	$	5,551,883	$	4,028,135

Schedule of consolidated interest expense, excluding capitalized interest

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

	Year Ended December 31,
	2019			2018			2017
Interest expense before capitalized interest	$	246,848		$	236,719		$	281,551
Interest on financing leases	3,243			8,069			3,098
Interest capitalized	(55,446		)	(34,162		)	(26,020		)
Interest income	(4,124		)	(1,957		)	(1,584		)
Interest expense, net	$	190,521		$	208,669		$	257,045