SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2014

Summary of senior notes payable and other debt

The following is a summary of our senior notes payable and other debt as of September 30, 2014 and December 31, 2013:



	September 30, 2014			December 31, 2013
	(In thousands)
Unsecured revolving credit facility (1)	$	225,359		$	376,343
3.125% Senior Notes due 2015	400,000			400,000
6% Senior Notes due 2015	234,420			234,420
Unsecured term loan due 2015 (2)	117,006			—
1.55% Senior Notes due 2016	550,000			550,000
1.250% Senior Notes due 2017	300,000			—
2.00% Senior Notes due 2018	700,000			700,000
Unsecured term loan due 2018 (3)	200,000			200,000
Unsecured term loan due 2019 (3)	794,697			800,702
4.00% Senior Notes due 2019	600,000			600,000
3.00% Senior Notes, Series A due 2019 (2)	357,270			—
2.700% Senior Notes due 2020	500,000			500,000
4.750% Senior Notes due 2021	700,000			700,000
4.25% Senior Notes due 2022	600,000			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.750% Senior Notes due 2024	400,000			—
4.125% Senior Notes, Series B due 2024 (2)	223,294			—
6.90% Senior Notes due 2037	52,400			52,400
6.59% Senior Notes due 2038	22,973			22,973
5.45% Senior Notes due 2043	258,750			258,750
5.70% Senior Notes due 2043	300,000			300,000
Mortgage loans and other (4)	2,414,695			2,524,889
Total	10,450,864			9,320,477
Unamortized fair value adjustment	45,571			69,611
Unamortized discounts	(27,329		)	(25,096		)
Senior notes payable and other debt	$	10,469,106		$	9,364,992


(1)	$5.4 million and $7.3 million of aggregate borrowings were in the form of Canadian dollars as of September 30, 2014 and December 31, 2013, respectively.


(2)	These borrowings are in the form of Canadian dollars.


(3)	These amounts represent in aggregate the approximate $1.0 billion of unsecured term loan borrowings under our unsecured credit facility, of which $111.1 million of borrowings included in the 2019 tranche are in the form of Canadian dollars.

(4)

2014 excludes debt related to real estate assets classified as held for sale as of September 30, 2014. The total mortgage debt for these properties as of September 30, 2014 was $43.7 million and is included in accounts payable and other liabilities on our Consolidated Balance Sheet. 2013 excludes debt related to a real estate asset classified as held for sale as of December 31, 2013 and sold in March 2014. The total mortgage debt for this property as of December 31, 2013 was $13.1 million and was included in accounts payable and other liabilities on our Consolidated Balance Sheet.

Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations

As of September 30, 2014, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility (1)		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2014	$	7,372	$	—	$	11,581	$	18,953
2015	877,650		—		41,652		919,302
2016	921,817		—		37,833		959,650
2017	777,127		—		27,413		804,540
2018	1,075,209		225,359		21,489		1,322,057
Thereafter (2)	6,267,876		—		158,486		6,426,362
Total maturities	$	9,927,051	$	225,359	$	298,454	$	10,450,864


(1)	As of September 30, 2014, we had $64.6 million of unrestricted cash and cash equivalents, for $160.8 million of net borrowings outstanding under our unsecured revolving credit facility.


(2)	Includes $52.4 million aggregate principal amount of our 6.90% senior notes due 2037 that is subject to repurchase, at the option of the holders, on October 1 in each of 2017 and 2027, and $23.0 million aggregate principal amount of 6.59% senior notes due 2038 that is subject to repurchase, at the option of the holders, on July 7 in each of 2018, 2023 and 2028.