XML 95 R79.htm IDEA: XBRL DOCUMENT v3.20.4
Debt (Details)
12 Months Ended
Mar. 26, 2020
USD ($)
extension
Sep. 24, 2019
Sep. 23, 2019
Dec. 04, 2018
Dec. 03, 2018
Dec. 31, 2020
USD ($)
extension
Dec. 31, 2020
CAD ($)
extension
Dec. 31, 2020
EUR (€)
extension
Nov. 03, 2020
EUR (€)
Mar. 26, 2020
CAD ($)
extension
Dec. 31, 2019
USD ($)
Apr. 26, 2019
USD ($)
Nov. 06, 2018
USD ($)
May 01, 2013
USD ($)
Debt Instrument [Line Items]                            
Carrying Amount           $ 2,664,218,000                
Less deferred financing costs           (15,952,000)         $ (12,996,000)      
Total indebtedness, net of unamortized deferred financing costs           2,648,266,000                
Mortgages, Senior Notes and Term Loans                            
Debt Instrument [Line Items]                            
Carrying Amount           2,664,218,000         1,708,443,000      
Estimated Fair Value           2,827,440,000         1,783,463,000      
Less deferred financing costs           (15,952,000)         (12,996,000)      
Mortgages, Senior Notes and Term Loans | 2018 Senior Unsecured Term Loan A Facility                            
Debt Instrument [Line Items]                            
Estimated Fair Value           2,827,440,000         1,783,463,000      
Total indebtedness, net of unamortized deferred financing costs           2,648,266,000         1,695,447,000      
Mortgage Loans | 2013 Mortgage Loans                            
Debt Instrument [Line Items]                            
Carrying Amount           276,693,000         283,443,000      
Estimated Fair Value           $ 285,772,000         287,463,000      
Face amount of debt                           $ 322,000,000.0
Mortgage Loans | Senior note                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           3.81% 3.81% 3.81%            
Effective Interest Rate as of December 31, 2020           4.14% 4.14% 4.14%            
Carrying Amount           $ 174,693,000         181,443,000      
Estimated Fair Value           $ 180,807,000         184,618,000      
Mortgage Loans | Mezzanine A                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           7.38% 7.38% 7.38%            
Effective Interest Rate as of December 31, 2020           7.55% 7.55% 7.55%            
Carrying Amount           $ 70,000,000         70,000,000      
Estimated Fair Value           $ 71,925,000         70,525,000      
Mortgage Loans | Mezzanine B                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           11.50% 11.50% 11.50%            
Effective Interest Rate as of December 31, 2020           11.75% 11.75% 11.75%            
Carrying Amount           $ 32,000,000         32,000,000      
Estimated Fair Value           33,040,000         32,320,000      
Senior Notes                            
Debt Instrument [Line Items]                            
Carrying Amount           1,866,200,000         950,000,000      
Estimated Fair Value           $ 2,022,950,000         1,023,375,000      
Senior Notes | Series A notes                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           4.68% 4.68% 4.68%         4.68%  
Effective Interest Rate as of December 31, 2020           4.77% 4.77% 4.77%            
Carrying Amount           $ 200,000,000         200,000,000      
Estimated Fair Value           $ 231,000,000         217,750,000      
Face amount of debt                         $ 200,000,000.0  
Senior Notes | Series B notes                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           4.86% 4.86% 4.86%         4.86%  
Effective Interest Rate as of December 31, 2020           4.92% 4.92% 4.92%            
Carrying Amount           $ 400,000,000         400,000,000      
Estimated Fair Value           $ 475,000,000         439,000,000      
Face amount of debt                         $ 400,000,000.0  
Senior Notes | Series C notes                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           4.10% 4.10% 4.10%       4.10%    
Effective Interest Rate as of December 31, 2020           4.15% 4.15% 4.15%            
Carrying Amount           $ 350,000,000         350,000,000      
Estimated Fair Value           $ 400,750,000         366,625,000      
Face amount of debt                       $ 350,000,000.0    
Senior Notes | Series D notes                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           1.62% 1.62% 1.62% 1.62%          
Effective Interest Rate as of December 31, 2020           1.66% 1.66% 1.66%            
Carrying Amount           $ 488,640,000         0      
Estimated Fair Value           $ 488,640,000         0      
Face amount of debt | €               € 400,000,000.0 € 400,000,000.00          
Senior Notes | Series E notes                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           1.65% 1.65% 1.65% 1.65%          
Effective Interest Rate as of December 31, 2020           1.69% 1.69% 1.69%            
Carrying Amount           $ 427,560,000         0      
Estimated Fair Value           427,560,000         0      
Face amount of debt | €               € 350,000,000.0 € 350,000,000.00          
Term Loans | Total 2020 Senior Unsecured Term Loan A Facility                            
Debt Instrument [Line Items]                            
Carrying Amount           521,325,000         0      
Estimated Fair Value           $ 518,718,000         0      
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-1                            
Debt Instrument [Line Items]                            
Effective Interest Rate as of December 31, 2020           1.45% 1.45% 1.45%            
Carrying Amount           $ 325,000,000         0      
Estimated Fair Value           323,375,000         0      
Face amount of debt $ 425,000,000.0         $ 425,000,000,000,000                
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-1 | LIBOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           0.95%                
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-2                            
Debt Instrument [Line Items]                            
Effective Interest Rate as of December 31, 2020           1.55% 1.55% 1.55%            
Carrying Amount           $ 196,325,000         0      
Estimated Fair Value           $ 195,343,000         0      
Face amount of debt             $ 250,000,000.0     $ 250,000,000.0        
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-2 | CDOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           0.95%                
Term Loans | 2018 Senior Unsecured Term Loan A Facility                            
Debt Instrument [Line Items]                            
Effective Interest Rate as of December 31, 2020           3.14% 3.14% 3.14%            
Carrying Amount           $ 0         475,000,000      
Estimated Fair Value           $ 0         472,625,000      
Face amount of debt $ 475,000,000                          
Term Loans | 2018 Senior Unsecured Term Loan A Facility | LIBOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           1.00%                
Revolving Credit Facility | Line of Credit | 2018 Senior Unsecured Term Loan A Facility | LIBOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate   1.00% 1.45% 1.45% 2.35%                  
Revolving Credit Facility | Line of Credit | 2020 Senior Unsecured Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Effective Interest Rate as of December 31, 2020           0.23% 0.23% 0.23%            
Carrying Amount           $ 0                
Estimated Fair Value           $ 0                
Number of extensions | extension 2         2 2 2   2        
Extension term 6 months         6 months                
Revolving Credit Facility | Line of Credit | 2020 Senior Unsecured Revolving Credit Facility | LIBOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           0.85%                
Revolving Credit Facility | Line of Credit | 2018 Senior Unsecured Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Effective Interest Rate as of December 31, 2020           0.36% 0.36% 0.36%            
Carrying Amount                     0      
Estimated Fair Value                     $ 0      
Total indebtedness, net of unamortized deferred financing costs           $ 0                
Revolving Credit Facility | Line of Credit | 2018 Senior Unsecured Revolving Credit Facility | LIBOR                            
Debt Instrument [Line Items]                            
Contractual Interest Rate           0.90%