SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022		As of December 31, 2021
Unsecured revolving credit facility (1)	$	46,037	$	56,448
Commercial paper notes	636,948		280,000
Unsecured term loan due 2023	200,000		200,000
2.55% Senior Notes, Series D due 2023 (2)	220,018		217,667
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)	200,016		197,879
2.80% Senior Notes, Series E due 2024 (2)	480,038		474,909
Unsecured term loan due 2025 (2)	400,032		395,757
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)	380,030		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		500,000
3.30% Senior Notes, Series H due 2031 (2)	240,019		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	2,449,515		2,431,831
Total	12,477,876		12,093,138
Deferred financing costs, net	(67,022)		(69,925)
Unamortized fair value adjustment	30,581		32,888
Unamortized discounts	(27,692)		(28,557)
Senior notes payable and other debt	$	12,413,743	$	12,027,544

______________________________

(1)As of March 31, 2022 and December 31, 2021, respectively, $21.6 million and $30.9 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $24.4 million and $25.6 million were denominated in British pounds as of March 31, 2022 and December 31, 2021, respectively.

(2)Canadian Dollar debt obligations shown in U.S. 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

As of March 31, 2022, our indebtedness had the following maturities (dollars in thousands):

	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes (1)		Scheduled Periodic Amortization		Total Maturities
2022	$	342,600	$	636,948	$	40,477	$	1,020,025
2023	700,088		—		40,291		740,379
2024	1,666,791		—		34,504		1,701,295
2025	2,052,522		46,037		28,354		2,126,913
2026	1,036,035		—		21,441		1,057,476
Thereafter	5,713,952		—		117,836		5,831,788
Total maturities	$	11,511,988	$	682,985	$	282,903	$	12,477,876

______________________________

(1)At March 31, 2022, we had $533.4 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $149.6 million of unrestricted cash and cash equivalents.