Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value of Financial Instruments

Estimated Fair Value And Carrying Amounts

As of September 30, 2020 and December 31, 2019, the aggregate estimated fair value and carrying values of our global revolving credit facilities, unsecured term loans, unsecured senior notes and mortgage loans were as follows (in thousands):

	Categorization	As of September 30, 2020				As of December 31, 2019
	under the fair value	Estimated Fair				Estimated Fair
	hierarchy	Value		Carrying Value		Value		Carrying Value
Global revolving credit facilities (1)(4)	Level 2	$	133,146	$	133,146	$	245,766	$	245,766
Unsecured term loans (2)(4)	Level 2		513,747		513,747		813,205		813,205
Unsecured senior notes (3)(4)	Level 2		13,174,970		12,098,842		9,697,166		9,025,229
Secured debt (3)(4)	Level 2		242,553		239,000		105,245		105,143
		$	14,064,416	$	12,984,735	$	10,861,382	$	10,189,343