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Mortgage Notes and Revolving Credit Facility - Summary of Mortgage Notes and Revolving Credit Facility Secured by Company's Properties (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Principal Balance Outstanding [1],[2] $ 13,291,535 $ 14,463,899
Deferred financing costs, net [1],[2] (77,730) (102,064)
Discount on assumed debt, net [1],[2] (6,462) (6,377)
Mortgage notes and revolving credit facility, net [1],[2] 13,207,343 14,355,458
Fixed Rate Loans    
Debt Instrument [Line Items]    
Principal Balance Outstanding [1],[2] 3,200,228 3,843,346
Variable Rate Loans    
Debt Instrument [Line Items]    
Principal Balance Outstanding [1],[2] $ 10,091,307 10,620,553
Fixed Rate Mortgages | Fixed Rate Loans    
Debt Instrument [Line Items]    
Weighted Average Interest Rate [3] 3.13%  
Principal Balance Outstanding [1],[2] $ 3,200,228 3,843,346
Floating Rate Mortgages | Variable Rate Loans    
Debt Instrument [Line Items]    
Principal Balance Outstanding [1],[2] 9,916,307 10,445,553
Variable Rate Revolving Credit Facilities | Variable Rate Loans    
Debt Instrument [Line Items]    
Maximum Facility Size [4] 800,000  
Principal Balance Outstanding [1],[2],[4] $ 175,000 $ 175,000
Weighted Average | Fixed Rate Mortgages | Fixed Rate Loans    
Debt Instrument [Line Items]    
Weighted Average Maturity Date [5] 2031-01  
Weighted Average | Floating Rate Mortgages | Variable Rate Loans    
Debt Instrument [Line Items]    
Weighted Average Maturity Date [5] 2027-06  
Weighted Average | Variable Rate Revolving Credit Facilities | Variable Rate Loans    
Debt Instrument [Line Items]    
Weighted Average Maturity Date [4],[5] 2023-12  
Weighted Average | One-Month SOFR | Floating Rate Mortgages | Variable Rate Loans    
Debt Instrument [Line Items]    
Debt instrument, interest rate description [3] B + 1.86%  
Debt Instrument, Basis Spread on Variable Rate 1.86%  
Weighted Average | One-Month SOFR | Variable Rate Revolving Credit Facilities | Variable Rate Loans    
Debt Instrument [Line Items]    
Debt instrument, interest rate description [3],[4] B + 1.85%  
Debt Instrument, Basis Spread on Variable Rate 1.85%  
[1] Excludes a total of $203.7 million of mortgage loans on properties classified as held-for-sale as of September 30, 2023. As of December 31, 2022, there were no properties, and their related mortgage loans, that met the criteria to be classified as held-for-sale.
[2] The majority of the Company’s mortgages contain prepayment provisions including (but not limited to) lockout periods, yield or spread maintenance provisions and fixed penalties.
[3] The symbol “B” refers to the relevant floating benchmark rates, which includes one-month SOFR, Federal Reserve Bank of New York (“NYFED”) 30-day SOFR, three-month Euro Interbank Offered Rate (“EURIBOR”) and three-month Copenhagen Interbank Offered Rate (“CIBOR”), as applicable to each loan.
[4] The Company’s revolving credit facility can be drawn upon to fund the acquisition of future real estate investments. The repayment of the revolving credit facility is guaranteed by the Operating Partnership.
[5] For loans where the Company, at its own discretion, has extension options, the maximum maturity date has been assumed.