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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
At December 31, 2021 and 2020, our outstanding indebtedness consisted of the following:
 December 31,
20212020
Revolving credit facility, due in 2023$— $— 
Senior unsecured notes, 4.15% interest rate, due in 2022 (1)
— 300,000 
Senior unsecured notes, 4.00% interest rate, due in 2022
300,000 300,000 
Senior unsecured notes, 4.25% interest rate, due in 2024
350,000 350,000 
Senior unsecured notes, 4.50% interest rate, due in 2025
650,000 650,000 
Senior unsecured notes, 2.650% interest rate, due in 2026 (2)
300,000 — 
Senior unsecured notes, 2.400% interest rate, due in 2027 (3)
350,000 — 
Senior unsecured notes, 3.450% interest rate, due in 2031 (4)
400,000 — 
Senior unsecured notes, 5.875% interest rate, due in 2046 (5)
— 310,000 
Senior unsecured notes, 6.375% interest rate, due in 2050
162,000 162,000 
Mortgage note payable, 8.150% interest rate, due in 2021 (6)
— 350 
Mortgage note payable, 4.220% interest rate, due in 2022 (7)
25,055 25,804 
Mortgage note payable, 3.550% interest rate, due in 2023 (8)
— 71,000 
Mortgage note payable, 3.700% interest rate, due in 2023
50,000 50,000 
Mortgage note payable, 4.800% interest rate, due in 2023
23,246 23,688 
2,610,301 2,242,842 
Unamortized debt premiums, discounts and issuance costs(32,351)(39,871)
$2,577,950 $2,202,971 
(1)These senior notes were redeemed in September 2021.
(2)These senior notes were issued in May 2021.
(3)These senior notes were issued in August 2021.
(4)These senior notes were issued in September 2021.
(5)These senior notes were redeemed in June 2021.
(6)This mortgage note was paid in full as of its maturity date.
(7)In February 2022, we gave notice of our intention to prepay this mortgage note at par plus accrued interest. We expect to make this prepayment in April 2022.
(8)This mortgage note was prepaid in June 2021.
Schedule of Required Principal Payments
The required principal payments due during the next five years and thereafter under all our outstanding consolidated debt as of December 31, 2021 are as follows:
YearPrincipal Payment
2022 (1)
$325,517 
202372,784 
2024350,000 
2025650,000 
2026300,000 
Thereafter912,000 
Total$2,610,301 
(2)
(1)In February 2022, we gave notice of our intention to prepay, at par plus accrued interest, a mortgage note secured by one property with an outstanding principal balance of $25,055 at December 31, 2021, an annual interest rate of 4.22% and a maturity date in July 2022.
(2)Total consolidated debt outstanding as of December 31, 2021, net of unamortized premiums, discounts and issuance costs totaling $32,351, was $2,577,950.