UNSECURED SENIOR NOTES (Tables)

3 Months Ended

Mar. 31, 2022

Senior Notes

Summary of debt

	March 31,		December 31,		Effective		Issuance	Maturity
Unsecured Senior Notes	2022		2021		Interest Rate		Date	Date
	(in thousands)
$300M 4.000% Guaranteed Notes due 2025 (1)	$	300,000	$	300,000	3.99	%	Various (1)	Nov-25
$300M 3.125% Guaranteed Notes due 2026		300,000		300,000	3.18	%	Aug-16	Sep-26
$550M 2.250% Guaranteed Notes due 2028		550,000		550,000	2.33	%	Nov-21	Dec-28
$350M 4.375% Guaranteed Notes due 2029		350,000		350,000	4.46	%	Jan-19	Feb-29
$350M 3.000% Guaranteed Notes due 2030		350,000		350,000	3.04	%	Oct-19	Feb-30
$450M 2.000% Guaranteed Notes due 2031		450,000		450,000	2.10	%	Oct-20	Feb-31
$500M 2.500% Guaranteed Notes due 2032		500,000		500,000	2.59	%	Nov-21	Feb-32
Principal balance outstanding		2,800,000		2,800,000
Less: Discount on issuance of unsecured senior notes, net		(13,041)		(13,455)
Less: Loan procurement costs, net		(17,714)		(18,336)
Total unsecured senior notes, net	$	2,769,245	$	2,768,209

(1) On April 4, 2017, the Operating Partnership issued $50.0 million of its 4.000% senior notes due 2025, which are part of the same series as the $250.0 million principal amount of the Operating Partnership’s 4.000% senior notes due November 15, 2025 issued on October 26, 2015. The $50.0 million and $250.0 million tranches were

priced at 101.343% and 99.735%, respectively, of the principal amount to yield 3.811% and 4.032%, respectively, to maturity. The combined weighted average effective interest rate of the 2025 notes is 3.994%.