SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2018

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, 2018 and December 31, 2017:



	September 30, 2018			December 31, 2017
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	514,353		$	535,832
Secured revolving construction credit facility due 2022	63,806			2,868
2.00% Senior Notes due 2018	—			700,000
4.00% Senior Notes due 2019	—			600,000
3.00% Senior Notes, Series A due 2019 ⁽²⁾	309,981			318,041
2.70% Senior Notes due 2020	500,000			500,000
Unsecured term loan due 2020	—			900,000
4.75% Senior Notes due 2021	—			700,000
4.25% Senior Notes due 2022	600,000			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.30% Senior Notes, Series C due 2022 ⁽²⁾	193,738			198,776
Unsecured term loan due 2023	300,000			—
3.125% Senior Notes due 2023	400,000			400,000
3.10% Senior Notes due 2023	400,000			400,000
2.55% Senior Notes, Series D due 2023 ⁽²⁾	213,112			218,653
Unsecured term loan due 2024	600,000			—
3.75% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽²⁾	193,738			198,776
3.50% 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
3.85% Senior Notes due 2027	400,000			400,000
4.00% Senior Notes due 2028	650,000			—
4.40% Senior Notes due 2029	750,000			—
6.90% Senior Notes due 2037	52,400			52,400
6.59% Senior Notes due 2038	22,823			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	1,111,299			1,308,564
Total	10,584,000			11,365,633
Deferred financing costs, net	(77,091		)	(73,093		)
Unamortized fair value adjustment	(2,207		)	12,139
Unamortized discounts	(26,247		)	(28,617		)
Senior notes payable and other debt	$	10,478,455		$	11,276,062


⁽¹⁾	As of September 30, 2018 and December 31, 2017, respectively, $21.3 million and $28.7 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $28.5 million and $31.1 million were denominated in British pounds as of September 30, 2018 and December 31, 2017, respectively.

⁽²⁾

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, 2018, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2018	$	—	$	—	$	5,154	$	5,154
2019	538,766		—		15,114		553,880
2020	583,866		—		14,491		598,357
2021	62,406		514,353		13,365		590,124
2022	1,475,293		—		11,841		1,487,134
Thereafter ⁽²⁾	7,262,876		—		86,475		7,349,351
Total maturities	$	9,923,207	$	514,353	$	146,440	$	10,584,000


⁽¹⁾	At September 30, 2018, we had $86.1 million of unrestricted cash and cash equivalents, for $428.2 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 $22.8 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 2023 and 2028.