XML 77 R66.htm IDEA: XBRL DOCUMENT v3.21.2
Debt - Summary of Consolidated Indebtedness (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,672,957 $ 1,770,054
Net unamortized debt issuance costs (9,344) (6,763)
Unamortized fair market value of assumed debt 497 548
Mortgage and other notes payable, net 1,162,617 1,204,581
Unsecured notes payable, net 440,088 420,858
Total Indebtedness 1,664,110 1,763,839
Mortgages    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs (4,828) (6,507)
Unamortized fair market value of assumed debt 497 548
Mortgage and other notes payable, net 1,162,617 1,204,581
Unsecured Debt    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs (4,516) (256)
Unsecured notes payable, net $ 440,088 420,858
Core Portfolio | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.50%  
Core Portfolio | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.90%  
Core Portfolio | Unsecured Notes Payable | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.55%  
Core Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 220,009 228,310
Core Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 146,642 $ 147,810
Core Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.88% 3.88%
Maturity Date 2024-02  
Core Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.89% 5.89%
Maturity Date 2035-04  
Core Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 73,367 $ 80,500
Core Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.41% 3.41%
Maturity Date 2023-01  
Core Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.54% 4.54%
Maturity Date 2028-11  
Core Portfolio | Unsecured Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 400,000 $ 380,000
Core Portfolio | Unsecured Debt | Variable Rate Credit Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 0 $ 30,000
Core Portfolio | Unsecured Debt | Variable Rate Credit Facility | LIBOR    
Debt Instrument [Line Items]    
Interest rate, stated percentage   2.55%
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped    
Debt Instrument [Line Items]    
Maturity Date 2026-06  
Long-term debt, gross $ 400,000 $ 350,000
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.65% 2.49%
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.32% 5.02%
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped    
Debt Instrument [Line Items]    
Maturity Date 2025-06  
Long-term debt, gross $ 61,405 $ 138,400
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.65% 2.49%
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.32% 5.02%
Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,053,715 $ 1,143,152
Variable Rate    
Debt Instrument [Line Items]    
Long-term debt, gross 619,242 626,902
Fund II | Fund Portfolio    
Debt Instrument [Line Items]    
Long-term debt, gross $ 234,110 228,282
Fund II | Fund Portfolio | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.39%  
Fund II | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 252,771 $ 247,085
Fund II | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Interest rate, stated percentage 2.88% 2.88%
Maturity Date 2021-11  
Long-term debt, gross $ 18,661 $ 18,803
Fund II | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.00% 3.00%
Maturity Date 2022-03  
Fund II | Fund Portfolio | Mortgages | Variable Rate Debt | Prime Rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.00% 2.00%
Maturity Date 2022-08  
Fund II | Fund Portfolio | Unsecured Debt | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.65% 1.65%
Fund II | Fund Portfolio | Unsecured Debt | Unsecured Notes Payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 40,000 $ 40,000
Fund II | Fund Portfolio | Unsecured Debt | Unsecured Notes Payable | LIBOR    
Debt Instrument [Line Items]    
Maturity Date 2021-09  
Fund III | Fund Portfolio | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.75%  
Fund III | Fund Portfolio | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.10%  
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 71,308 $ 71,918
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.75% 2.75%
Maturity Date 2022-06  
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.10% 3.10%
Maturity Date 2022-07  
Fund IV | Fund Portfolio | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.75%  
Fund IV | Fund Portfolio | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.00%  
Fund IV | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 287,756 $ 327,550
Fund IV | Fund Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.50%  
Maturity Date 2025-10  
Long-term debt, gross $ 1,120 $ 6,726
Fund IV | Fund Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage   3.40%
Fund IV | Fund Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage   4.50%
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 42,549 $ 66,590
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.48% 3.48%
Maturity Date 2022-04  
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.61% 4.61%
Maturity Date 2022-12  
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 244,087 $ 254,234
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60% 1.60%
Maturity Date 2021-07  
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.40% 3.40%
Maturity Date 2025-10  
Fund IV | Fund Portfolio | Unsecured Debt | Term Loan Subscription Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 0 $ 864
Fund IV | Fund Portfolio | Unsecured Debt | Term Loan Subscription Facility | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.90% 1.90%
Maturity Date 2021-12  
Fund V | Fund Portfolio | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.50%  
Fund V | Fund Portfolio | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.20%  
Fund V | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 335,104 $ 335,677
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 304,843 $ 334,323
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.43% 2.95%
Maturity Date 2021-07  
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.78% 4.78%
Maturity Date 2024-12  
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 30,261 $ 1,354
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.50% 1.50%
Maturity Date 2021-07  
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.20% 2.20%
Maturity Date 2024-12  
Fund V | Fund Portfolio | Unsecured Debt | Subscription Line    
Debt Instrument [Line Items]    
Long-term debt, gross $ 4,604 $ 250
Fund V | Fund Portfolio | Unsecured Debt | Subscription Line | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.90% 1.60%
Maturity Date 2022-05