XML 68 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
The following is a summary of our debt:
 
(Amounts in thousands)
Weighted Average
Interest Rate at
December 31, 2018
 
Balance at December 31,
 
 
2018
 
2017
Mortgages Payable:
 
 
 
 
 
Fixed rate
3.53%
 
$
5,003,465

 
$
5,461,706

Variable rate
4.33%
 
3,212,382

 
2,742,133

Total
3.84%
 
8,215,847

 
8,203,839

Deferred financing costs, net and other
 
 
(48,049
)
 
(66,700
)
Total, net
 
 
$
8,167,798

 
$
8,137,139


Unsecured Debt:
 
 
 
 
 
Senior unsecured notes
4.21%
 
$
850,000

 
$
850,000

Deferred financing costs, net and other
 
 
(5,998
)
 
(6,386
)
Senior unsecured notes, net
 
 
844,002

 
843,614

 
 
 
 
 
 
Unsecured term loan
3.87%
 
750,000

 
750,000

Deferred financing costs, net and other
 
 
(5,179
)
 
(1,266
)
Unsecured term loan, net
 
 
744,821

 
748,734

 
 
 
 
 
 
Unsecured revolving credit facilities
3.46%
 
80,000

 

 
 
 
 
 
 
Total, net
 
 
$
1,668,823

 
$
1,592,348

Schedule of Maturities of Long-Term Debt
As of December 31, 2018, the principal repayments required for the next five years and thereafter are as follows:
 
 
(Amounts in thousands)
Mortgages Payable
 
Senior Unsecured
Debt and Unsecured
Resolving Credit Unsecured Facilities
 
 
Year Ended December 31,
 
 
 
 
 
2019
$
2,569,332

 
$

 
 
2020
2,192,567

 

 
 
2021
1,613,948

 
80,000

 
 
2022
950,000

 
400,000

 
 
2023
391,800

 

 
 
Thereafter
498,200

 
1,200,000