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Borrowings Under Lines of Credit Arrangements and Related Items (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Aggregate borrowings under the unsecured lines of credit arrangements      
Borrowings under unsecured lines of credit arrangements [1] $ 645,000 $ 835,000 $ 0
Maximum amount outstanding at any month end 1,560,000 835,000 637,000
Average amount outstanding (total of daily principal balances divided by days in period) $ 762,896 $ 452,644 $ 207,452
Weighted average interest rate (actual interest expense divided by average borrowings outstanding) 1.39% 1.17% 1.50%
[1]
As of December 31, 2016, letters of credit in the aggregate amount of $41,878,000 have been issued, which reduces the available borrowing capacity on the primary unsecured revolving credit facility.