Senior Notes Payable and Other Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of senior notes payable and other debt

The following is a summary of our senior notes payable and other debt (dollars in thousands):

	As of December 31,
	2021		2020
Unsecured revolving credit facility (1)	$	56,448	$	39,395
Commercial paper notes	280,000		—
Secured revolving construction credit facility due 2022	—		154,098
Floating Rate Senior Notes, Series F due 2021 (2)	—		235,664
3.25% Senior Notes due 2022	—		263,687
3.30% Senior Notes, Series C due 2022 (2)	—		196,386
Unsecured term loan due 2023	200,000		200,000
3.125% Senior Notes due 2023	—		400,000
3.10% Senior Notes due 2023	—		400,000
2.55% Senior Notes, Series D due 2023 (2)	217,667		216,025
3.50% Senior Notes due 2024	400,000		400,000
3.75% Senior Notes due 2024	400,000		400,000
4.125% Senior Notes, Series B due 2024 (2)	197,879		196,386
2.80% Senior Notes, Series E due 2024 (2)	474,909		471,328
Unsecured term loan due 2025 (2)	395,757		392,773
3.50% Senior Notes due 2025	600,000		600,000
2.65% Senior Notes due 2025	450,000		450,000
4.125% Senior Notes due 2026	500,000		500,000
3.25% Senior Notes due 2026	450,000		450,000
2.45% Senior Notes, Series G due 2027 (2)	375,970		—
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		650,000
4.75% Senior Notes due 2030	500,000		500,000
2.50% Senior Notes due 2031	500,000		—
3.30% Senior Notes, Series H due 2031 (2)	237,454		—
6.90% Senior Notes due 2037 (3)	52,400		52,400
6.59% Senior Notes due 2038 (3)	22,823		22,823
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		300,000
Mortgage loans and other	2,431,831		2,092,106
Total	12,093,138		11,983,071
Deferred financing costs, net	(69,925)		(68,343)
Unamortized fair value adjustment	32,888		12,618
Unamortized discounts	(28,557)		(31,934)
Senior notes payable and other debt	$	12,027,544	$	11,895,412

(1)As of December 31, 2021 and 2020, respectively, $30.9 million and $12.2 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $25.6 million and $27.2 million were denominated in British pounds as of December 31, 2021 and 2020, 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, at par, on October 1, 2027, and our 6.59% senior notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7 in each of 2023 and 2028.

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

The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2021 (dollars in thousands):

	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes (1)		Scheduled Periodic Amortization		Total Maturities
2022	$	389,966	$	280,000	$	51,887	$	721,853
2023	696,075		—		38,757		734,832
2024	1,651,162		—		32,974		1,684,136
2025	2,047,551		56,448		26,810		2,130,809
2026	1,035,585		—		19,869		1,055,454
Thereafter	5,656,800		—		109,254		5,766,054
Total maturities	$	11,477,139	$	336,448	$	279,551	$	12,093,138

(1)At December 31, 2021, we had $186.7 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $149.7 million of unrestricted cash and cash equivalents.