Notes Payable and Revolving Lines of Credit - (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Components of Notes Payable

The components of notes payable are summarized as follows:

Notes Payable	December 31, 2016			December 31, 2015			Fixed Rate	Variable Rate	Basis Rate	Maturity Dates
Secured fixed rate notes payable (1)	$	2,297,968		$	1,613,490		2.8 - 6.1%			March 2017 - September 2026
Secured variable rate notes payable (1)	642,970			1,094,985				2.4 - 2.8%	Libor plus 1.6 - 2.0%	January 2017 - October 2023
Unsecured fixed rate notes payable	—			73,825			3.1%			March 2020
Unsecured variable rate notes payable	300,000			—				2.1%	Libor plus 1.4%	October 2021 - October 2023
Total	3,240,938			2,782,300
Plus: Premium on notes payable	—			872
Less: unamortized debt issuance costs	(27,350		)	(24,605		)
Total	$	3,213,588		$	2,758,567
(1) The loans are collateralized by mortgages on real estate assets and the assignment of rents.

Schedule of Maturities of Notes Payable

The following table summarizes the scheduled maturities of notes payable at December 31, 2016:

2017	$	311,075
2018	356,018
2019	514,121
2020	831,289
2021	664,064
Thereafter	564,371
	$	3,240,938

Summarized Information of Lines of Credit

The following table presents information on the Company’s lines of credit, the proceeds of which are used to repay debt and for general corporate purposes, for the periods indicated:

	As of December 31, 2016
Revolving Lines of Credit	Amount Drawn		Capacity		Interest Rate	Origination Date	Maturity	Basis Rate (1)
Credit Line 1 (2)	$	3,000	$	100,000	2.4%	6/4/2010	6/30/2018	LIBOR plus 1.7%
Credit Line 2 (3)(4)	362,000		500,000		2.2%	10/14/2016	10/14/2020	LIBOR plus 1.4%
	$	365,000	$	600,000
(1) 30-day USD LIBOR
(2) Secured by mortgages on certain real estate assets. One two-year extension available.
(3) Unsecured. Two six-month extensions available.
(4) Basis Rate as of December 31, 2016. Rate is subject to change based on our consolidated leverage ratio.