Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of our debt:

(Amounts in thousands)	Weighted Average Interest Rate at June 30, 2022	Balance as of
		June 30, 2022			December 31, 2021
Mortgages Payable:
Fixed rate	3.10%	$	2,540,000		$	2,190,000
Variable rate	2.96%	3,348,415		(1)	3,909,215
Total	3.02%	5,888,415			6,099,215
Deferred financing costs, net and other		(54,140)			(45,872)
Total, net		$	5,834,275		$	6,053,343
Unsecured Debt:
Senior unsecured notes	3.02%	$	1,200,000		$	1,200,000
Deferred financing costs, net and other		(9,188)			(10,208)
Senior unsecured notes, net		1,190,812			1,189,792
Unsecured term loan	3.98%	800,000			800,000
Deferred financing costs, net and other		(7,356)			(2,188)
Unsecured term loan, net		792,644			797,812
Unsecured revolving credit facilities	2.68%	575,000			575,000
Total, net		$	2,558,456		$	2,562,604

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(1)As of June 30, 2022, our variable rate debt includes $350,000 of the $700,000 mortgage loan on 770 Broadway. On July 22, 2022, the interest rate on the $350,000 was swapped to a fixed rate resulting in the entire $700,000 loan bearing interest at a blended fixed rate of 4.98%.