Corporate Indebtedness (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021 and December 31, 2020, respectively, by scheduled maturity date (dollars in thousands):

Issuance	June 30, 2021 Unpaid Principal Balance		June 30, 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		499,857		499,803			3.25	%	5	October 2022
November 15, 2012 (4)	300,000		301,547		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	$	1,251,404	$	1,251,889
Deferred financing costs, net			(2,474)		(3,670)
	$	1,250,000	$	1,248,930	$	1,248,219

(1)Interest rate as of June 30, 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 June 30, 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	$	5,281	$	178,251	$	—	$	—	$	—	$	350,000	$	533,532	$	212,756
2022	8,754		255,435		—		—		—		800,000		1,064,189		227,603
2023	6,583		560,000		—		1,300,000		—		—		1,866,583		491,064
2024	5,268		272,750		—		200,000		—		—		478,018		622,408
2025	812		—		—		—		—		100,000		100,812		1,424,406
Thereafter	911		580,547		—		—		100,000		—		681,458		2,580,425
	$	27,609	$	1,846,983	$	—	$	1,500,000	$	100,000	$	1,250,000	$	4,724,592	$	5,558,662

Schedule of consolidated interest expense, excluding capitalized interest

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Interest expense before capitalized interest	$	38,501	$	44,937	$	78,369	$	101,751
Interest on financing leases	1,494		2,149		2,986		3,812
Interest capitalized	(20,671)		(16,368)		(38,254)		(36,852)
Interest income	(364)		(648)		(753)		(1,147)
Interest expense, net	$	18,960	$	30,070	$	42,348	$	67,564