XML 58 R42.htm IDEA: XBRL DOCUMENT v3.22.2
Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Long-term Debt $ 3,737,380 $ 3,718,944
Fixed Rate Mortgage Loans [Member]    
Debt Instrument [Line Items]    
Debt, Weighted Average Contractual Interest Rate 4.00%  
Debt, Weighted Average Effective Interest Rate 3.50%  
Long-term Debt $ 353,635 359,414
Unsecured Debt [Member]    
Debt Instrument [Line Items]    
Debt, Weighted Average Contractual Interest Rate 3.80%  
Debt, Weighted Average Effective Interest Rate 4.00%  
Long-term Debt $ 3,246,182 3,243,991
Notes Payable to Banks [Member]    
Debt Instrument [Line Items]    
Long-term Debt $ 3,737,380 3,718,944
Line of Credit [Member]    
Debt Instrument [Line Items]    
Debt, Weighted Average Contractual Interest Rate [1] 2.00%  
Debt, Weighted Average Effective Interest Rate [1] 2.30%  
London Interbank Offered Rate (LIBOR) [Member] | Variable Rate Mortgage Loans [Member]    
Debt Instrument [Line Items]    
Debt, Weighted Average Contractual Interest Rate [2] 3.30%  
Debt, Weighted Average Effective Interest Rate [2] 3.60%  
Long-term Debt [2] $ 137,563 $ 115,539
[1] Weighted average effective rate for the Line is calculated based on a fully drawn Line balance.
[2] Five of these six variable rate loans, representing $132.6 million of debt, have interest rate swaps in place to mitigate the interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5% to 4.1%.