Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of Senior Notes Issuances

The following table summarizes the Company’s senior unsecured notes payoffs during the year ended December 31, 2017 (dollars in thousands):

Date	Amount		Coupon Rate
May 1, 2017	$	250,000	5.625	%
July 27, 2017	$	500,000	5.375	%

Summary of Debt Maturities and Schedule Principal Repayments

The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at March 31, 2018 (in thousands):

Year	Bank Line of Credit(1)		Term Loan(2)			Senior Unsecured Notes(3)			Mortgage Debt(4)		Total(5)
2018 (nine months)	$	—	$	—		$	—		$	2,649	$	2,649
2019	—		237,175			450,000			3,700		690,875
2020	—		—			800,000			3,758		803,758
2021	1,092,357		—			700,000			11,117		1,803,474
2022	—		—			900,000			2,861		902,861
Thereafter	—		—			3,600,000			113,619		3,713,619
	1,092,357		237,175			6,450,000			137,704		7,917,236
(Discounts), premium and debt costs, net	—		(297		)	(51,024		)	5,820		(45,501		)
	$	1,092,357	$	236,878		$	6,398,976		$	143,524	$	7,871,735

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(1) Includes £105 million translated into U.S. dollars (“USD”).

(2) Represents £169 million translated into USD.

(3) Effective interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.20% and a weighted average maturity of six years.

(4) Interest rates on the mortgage debt ranged from 1.95% to 5.91% with a weighted average effective interest rate of 4.18% and a weighted average maturity of 20 years.

(5) Excludes $94 million of other debt that have no scheduled maturities.