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Unsecured Revolving Credit Facilities	9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]
Unsecured Revolving Credit Facilities	8. Unsecured Revolving Credit Facilities On February 21, 2019, the Company entered into an unsecured line of credit with a third party. The line of credit expires on February 22, 2022 and may be extended for up to one year. Interest under the line of credit is determined based on one-month U.S. dollar-denominated LIBOR plus 2.50%. As of September 30, 2019, the capacity of the unsecured line of credit was $700.0 million. As of September 30, 2019, the Company had a $30.0 million letter of credit outstanding, which reduced the available capacity of the unsecured line of credit to $670 million. The Company also maintains a $250 million unsecured line of credit with an affiliate of Blackstone of which there was no outstanding balance as of September 30, 2019. For additional information regarding the affiliate line of credit, see Note 8 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

Unsecured Revolving Credit Facilities

9 Months Ended

Sep. 30, 2019

8. Unsecured Revolving Credit Facilities

On February 21, 2019, the Company entered into an unsecured line of credit with a third party. The line of credit expires on February 22, 2022 and may be extended for up to one year. Interest under the line of credit is determined based on one-month U.S. dollar-denominated LIBOR plus 2.50%. As of September 30, 2019, the capacity of the unsecured line of credit was $700.0 million. As of September 30, 2019, the Company had a $30.0 million letter of credit outstanding, which reduced the available capacity of the unsecured line of credit to $670 million.

The Company also maintains a $250 million unsecured line of credit with an affiliate of Blackstone of which there was no outstanding balance as of September 30, 2019. For additional information regarding the affiliate line of credit, see Note 8 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.