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Borrowings Under Credit Facilities and Related Items (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Aggregate borrowings under the unsecured line of credit arrangements      
Balance outstanding at quarter end $ 865,000 [1] $ 522,000 [1] $ 719,000
Maximum amount outstanding at any month end 865,000 1,010,000  
Average amount outstanding (total of daily principal balances divided by days in period) $ 364,111 $ 796,356  
Weighted average interest rate (actual interest expense divided by average borrowings outstanding) 2.72% 1.81%  
[1]
As of March 31, 2018, letters of credit in the aggregate amount of $22,365,000 have been issued, which reduces the borrowing capacity on the unsecured revolving credit facility.