SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019			As of December 31, 2018
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	983,788		$	765,919
Commercial paper notes	305,000			—
Secured revolving construction credit facility due 2022	143,108			90,488
3.00% Senior Notes, Series A due 2019 ⁽²⁾	—			293,319
2.70% Senior Notes due 2020	—			500,000
4.25% Senior Notes due 2022	—			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.30% Senior Notes, Series C due 2022 ⁽²⁾	188,836			183,325
Unsecured term loan due 2023	200,000			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⁾	207,720			201,657
Unsecured term loan due 2024	—			600,000
3.50% Senior Notes due 2024	400,000			—
3.75% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽²⁾	188,836			183,324
Unsecured term loan due 2025 ⁽²⁾	377,672			—
3.50% Senior Notes due 2025	600,000			600,000
2.65% Senior Notes due 2025	450,000			—
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			650,000
4.40% Senior Notes due 2029	750,000			750,000
3.00% Senior Notes due 2030	650,000			—
6.90% Senior Notes due 2037 ⁽³⁾	52,400			52,400
6.59% Senior Notes due 2038 ⁽³⁾	22,823			22,823
5.45% Senior Notes due 2043	—			258,750
5.70% Senior Notes due 2043	300,000			300,000
4.375% Senior Notes due 2045	300,000			300,000
4.875% Senior Notes due 2049	300,000			—
Mortgage loans and other	2,020,237			1,127,697
Total	12,140,420			10,829,702
Deferred financing costs, net	(80,556		)	(69,615		)
Unamortized fair value adjustment	21,103			(1,163		)
Unamortized discounts	(27,783		)	(25,225		)
Senior notes payable and other debt	$	12,053,184		$	10,733,699


⁽¹⁾	As of September 30, 2019 and December 31, 2018, respectively, $702.8 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $25.9 million and $27.8 million were denominated in British pounds as of September 30, 2019 and December 31, 2018, respectively.


⁽²⁾	Canadian Dollar debt obligations shown in US Dollars.

⁽³⁾

Our 6.90% senior notes due 2037 are subject to repurchase, at the option of the holders, on October 1, 2027, and our 6.59% senior notes due 2038 are subject to repurchase, at the option of the holders, on July 7 in each of 2023 and 2028.

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

As of September 30, 2019, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2019	$	119,214	$	305,000	$	10,284	$	434,498
2020	280,835		—		37,927		318,762
2021	126,121		983,788		36,651		1,146,560
2022	1,240,945		—		30,879		1,271,824
2023	1,595,197		—		17,253		1,612,450
Thereafter	7,268,882		—		87,444		7,356,326
Total maturities	$	10,631,194	$	1,288,788	$	220,438	$	12,140,420


⁽¹⁾	At September 30, 2019, we had $1.1 billion of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $148.1 million of unrestricted cash and cash equivalents.