SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017 and December 31, 2016:



	September 30, 2017			December 31, 2016
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	538,911		$	146,538
1.250% Senior Notes due 2017	—			300,000
2.00% Senior Notes due 2018	700,000			700,000
Unsecured term loan due 2018 ⁽²⁾	—			200,000
Unsecured term loan due 2019 ⁽²⁾	—			371,215
4.00% Senior Notes due 2019	600,000			600,000
3.00% Senior Notes, Series A due 2019 ⁽³⁾	320,847			297,841
2.700% Senior Notes due 2020	500,000			500,000
Unsecured term loan due 2020	900,000			900,000
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
3.300% Senior Notes due 2022 ⁽³⁾	200,529			186,150
Secured revolving construction credit facility due 2022	—			—
3.125% Senior Notes due 2023	400,000			400,000
3.100% Senior Notes due 2023	400,000			—
2.55% Senior Notes, Series D due 2023 ⁽³⁾	220,582			—
3.750% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽³⁾	200,529			186,150
3.500% Senior Notes due 2025	600,000			600,000
4.125% Senior Notes due 2026	500,000			500,000
3.25% Senior Notes due 2026	450,000			450,000
3.850% Senior Notes due 2027	400,000			—
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
4.375% Senior Notes due 2045	300,000			300,000
Mortgage loans and other	1,446,097			1,718,897
Total	11,511,618			11,190,914
Deferred financing costs, net	(76,372		)	(61,304		)
Unamortized fair value adjustment	18,866			25,224
Unamortized discounts	(29,967		)	(27,508		)
Senior notes payable and other debt	$	11,424,145		$	11,127,326


⁽¹⁾	As of September 30, 2017 and December 31, 2016, respectively, $40.8 million and $146.5 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $31.1 million were denominated in British pounds as of September 30, 2017. There were no aggregate borrowings denominated in British pounds as of December 31, 2016.


⁽²⁾	As of December 31, 2016, there was $571.2 million of unsecured term loan borrowings under our unsecured credit facility, of which $92.6 million was in the form of Canadian dollars. In August 2017, we repaid the balances then outstanding on the term loans.


⁽³⁾	These borrowings are in the form of Canadian dollars.

Scheduled Maturities of Borrowing Arrangements and Other Provisions Excluding Capital Lease Obligations

As of September 30, 2017, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2017	$	18,539	$	—	$	6,273	$	24,812
2018	901,879		—		20,824		922,703
2019	1,333,378		—		14,878		1,348,256
2020	1,437,725		—		11,996		1,449,721
2021	772,837		538,911		10,545		1,322,293
Thereafter ⁽²⁾	6,327,024		—		116,809		6,443,833
Total maturities	$	10,791,382	$	538,911	$	181,325	$	11,511,618


⁽¹⁾	As of September 30, 2017, we had $85.1 million of unrestricted cash and cash equivalents, for $453.8 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, 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.