Corporate Indebtedness (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and December 31, 2021, respectively, by scheduled maturity date (dollars in thousands):

Issuance	March 31, 2022 Unpaid Principal Balance		March 31, 2022 Accreted Balance		December 31, 2021 Accreted Balance		Interest Rate (1)			Initial Term (in Years)	Maturity Date
October 5, 2017 (2)	$	500,000	$	499,940	$	499,913		3.25	%	5	October 2022
November 15, 2012 (3)	300,000		300,728		301,002			4.50	%	10	December 2022
December 17, 2015 (4)	100,000		100,000		100,000			4.27	%	10	December 2025
	$	900,000	$	900,668	$	900,915
Deferred financing costs, net	—		(1,127)		(1,607)
	$	900,000	$	899,541	$	899,308

(1)Interest rate as of March 31, 2022, taking into account interest rate hedges in effect during the period.

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

(3)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.

(4)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 2021 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of March 31, 2022, including as-of-right extension 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 2022	$	5,962	$	401,261	$	—	$	—	$	—	$	800,000	$	1,207,223	$	422,442
2023	6,640		50,000		—		—		—		—		56,640		750,696
2024	5,328		332,749		—		200,000		—		—		538,077		626,671
2025	873		—		—		—		—		100,000		100,873		1,431,734
2026	904		—		500,000		—		—		—		500,904		107,230
Thereafter	75		580,257		—		1,050,000		100,000		—		1,730,332		2,435,913
	$	19,782	$	1,364,267	$	500,000	$	1,250,000	$	100,000	$	900,000	$	4,134,049	$	5,774,686

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,
	2022		2021
Interest expense before capitalized interest	$	32,052	$	39,868
Interest on financing leases	1,237		1,492
Interest capitalized	(17,941)		(17,583)
Interest income	(278)		(389)
Interest expense, net	$	15,070	$	23,388