Borrowings Borrowings (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The following table summarizes the Company's outstanding debt as of March 31, 2018 (dollars in thousands):

	Borrowed Balance			Effective Rate		Contract Maturity
Unsecured debt
Variable rate revolving credit facility	$	450,000		2.8	%	4/15/2020
Fixed rate senior notes	2,292,000			4.0	%	11/13/2024
Term loans fixed with swaps	550,000			2.9	%	7/9/2020
Variable rate term loans	300,000			2.6	%	8/29/2020
Fair market value adjustments, debt issuance costs and discounts	(25,336		)
Total unsecured debt	$	3,566,664		3.5	%
Fixed rate secured debt
Individual property mortgages	$	841,711		4.0	%	11/1/2019
Variable rate secured debt (1)
Fannie Mae Facility	80,000			2.1	%	12/1/2018
Fair market value adjustments and debt issuance costs	10,476
Total secured debt	$	932,187		3.8	%
Total outstanding debt	$	4,498,851		3.6	%