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Debt (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Summary of Senior Notes Issuances
The following table summarizes the Company’s senior unsecured notes issuances during the three months ended March 31, 2023 (dollars in thousands):
Issue DateAmountCoupon RateMaturity Year
January 17, 2023$400,000 5.25 %2032
Summary of Debt Maturities and Schedule Principal Repayments
The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at March 31, 2023 (dollars in thousands):
Senior Unsecured
Notes(2)
Mortgage
Debt(3)
YearBank Line 
of Credit
Commercial Paper(1)
Term LoansAmountInterest RateAmountInterest RateTotal
2023$— $— $— $— — %$88,765 3.80 %$88,765 
2024— — — — — %7,024 6.48 %7,024 
2025— — — 800,000 3.92 %3,209 3.82 %803,209 
2026— 556,000 — 650,000 3.40 %244,523 4.44 %1,450,523 
2027— — 500,000 450,000 1.54 %366 5.91 %950,366 
Thereafter— — — 3,200,000 3.74 %— — %3,200,000 
 — 556,000 500,000 5,100,000 343,887 6,499,887 
Premiums, (discounts), and debt issuance costs, net— — (3,832)(43,457)1,280 (46,009)
$— $556,000 $496,168 $5,056,543 $345,167 $6,453,878 
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(1)Commercial Paper Program borrowings are backstopped by the Revolving Facility. As such, the Company calculates the weighted average remaining term of its Commercial Paper Program borrowings using the maturity date of the Revolving Facility.
(2)Effective interest rates on the senior unsecured notes range from 1.54% to 6.87% with a weighted average effective interest rate of 3.53% and a weighted average maturity of 6 years.
(3)Effective interest rates on the mortgage debt range from 3.44% to 8.52% with a weighted average effective interest rate of 4.31% and a weighted average maturity of 3 years. These interest rates include the impact of designated interest rate swap instruments, which effectively fix the interest rate on certain variable rate debt.