Notes Payable (Tables)

12 Months Ended

Dec. 31, 2021

Our notes payable at December 31, 2021 and 2020 are set forth in the tables below:


			Amounts at December 31, 2021
	Coupon Rate	Effective Rate	Principal		Unamortized Costs		Book Value		Fair Value

			($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due September 15, 2022	2.370%	2.483%	$	500,000	$	(363)	$	499,637	$	506,362
Notes due April 23, 2024	SOFR+0.47%	0.617%	700,000		(1,628)		698,372		700,314
Notes due February 15, 2026	0.875%	1.030%	500,000		(3,061)		496,939		488,141
Notes due November 9, 2026	1.500%	1.640%	650,000		(4,227)		645,773		649,996
Notes due September 15, 2027	3.094%	3.218%	500,000		(3,020)		496,980		535,206
Notes due May 1, 2028	1.850%	1.962%	650,000		(4,276)		645,724		649,221
Notes due November 9, 2028	1.950%	2.044%	550,000		(3,299)		546,701		548,241
Notes due May 1, 2029	3.385%	3.459%	500,000		(2,257)		497,743		545,580
Notes due May 1, 2031	2.300%	2.419%	650,000		(6,383)		643,617		656,546
Notes due November 9, 2031	2.250%	2.322%	550,000		(3,488)		546,512		551,932
			5,750,000		(32,002)		5,717,998		5,831,539

Euro Denominated Unsecured Debt
Notes due April 12, 2024	1.540%	1.540%	113,431		—		113,431		117,526
Notes due November 3, 2025	2.175%	2.175%	274,518		—		274,518		295,256
Notes due September 9, 2030	0.500%	0.640%	794,017		(9,730)		784,287		769,561
Notes due January 24, 2032	0.875%	0.978%	567,155		(5,394)		561,761		551,842
			1,749,121		(15,124)		1,733,997		1,734,185

Mortgage Debt, secured by 11 real estate facilities with a net book value of $66.1 million	3.878%	3.897%	23,284		—		23,284		24,208

			$	7,522,405	$	(47,126)	$	7,475,279	$	7,589,932


	Amounts at
	December 31, 2020
	Book Value		Fair Value
	($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due September 15, 2022	$	499,109	$	517,419
Notes due September 15, 2027	496,452		560,833
Notes due May 1, 2029	497,433		574,833
	1,492,994		1,653,085

Euro Denominated Unsecured Debt
Notes due April 12, 2024	122,646		129,192
Notes due November 3, 2025	296,821		323,552
Notes due January 24, 2032	607,301		634,389
	1,026,768		1,087,133

Mortgage Debt	25,230		26,958

	$	2,544,992	$	2,767,176

At December 31, 2021, approximate principal maturities of our Notes Payable are as follows (amounts in thousands):


	Unsecured Debt		Mortgage Debt		Total

2022	$	500,000	$	2,483	$	502,483
2023	—		19,219		19,219
2024	813,431		124		813,555
2025	274,518		131		274,649
2026	1,150,000		138		1,150,138
Thereafter	4,761,172		1,189		4,762,361
	$	7,499,121	$	23,284	$	7,522,405
Weighted average effective rate	1.8%		3.9%		1.8%