Corporate Indebtedness (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020, respectively, by scheduled maturity date (dollars in thousands):

Issuance	March 31, 2021 Unpaid Principal Balance		March 31, 2021 Accreted Balance		December 31, 2020 Accreted Balance		Interest Rate (1)			Initial Term (in Years)	Maturity Date
August 7, 2018 (2) (3)	$	350,000	$	350,000	$	350,000		1.52	%	3	August 2021
October 5, 2017 (2)	500,000		499,830		499,803			3.25	%	5	October 2022
November 15, 2012 (4)	300,000		301,817		302,086			4.50	%	10	December 2022
December 17, 2015 (5)	100,000		100,000		100,000			4.27	%	10	December 2025
	$	1,250,000	$	1,251,647	$	1,251,889
Deferred financing costs, net			(3,025)		(3,670)
	$	1,250,000	$	1,248,622	$	1,248,219

(1)Interest rate as of March 31, 2021, taking into account interest rate hedges in effect during the period.

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

(3)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. In April 2020, the Company entered into $350.0 million of fixed rate interest swaps at a rate of 0.54375% through August 2021.

(4)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.

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

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, the 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of March 31, 2021, including as-of-right extension 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 2021	$	8,031	$	168,870	$	—	$	—	$	—	$	350,000	$	526,901	$	1,126,896
2022	8,765		255,435		—		—		—		800,000		1,064,200		227,701
2023	6,594		560,000		630,000		1,300,000		—		—		2,496,594		491,066
2024	5,280		272,749		—		200,000		—		—		478,029		620,843
2025	823		—		—		—		—		100,000		100,823		1,403,266
Thereafter	924		580,192		—		—		100,000		—		681,116		552,813
	$	30,417	$	1,837,246	$	630,000	$	1,500,000	$	100,000	$	1,250,000	$	5,347,663	$	4,422,585

Schedule of consolidated interest expense, excluding capitalized interest

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

	Three Months Ended March 31,
	2021		2020
Interest expense before capitalized interest	$	39,868	$	56,813
Interest on financing leases	1,492		1,663
Interest capitalized	(17,583)		(20,483)
Interest income	(389)		(499)
Interest expense, net	$	23,388	$	37,494