Borrowings Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The following table summarizes the Company's outstanding debt as of March 31, 2019 (dollars in thousands):

	Balance			Weighted Average Effective Rate		Weighted Average Contract Maturity
Unsecured debt
Variable rate revolving credit facility	$	75,000		3.4	%	4/15/2020
Fixed rate senior notes	2,942,000			4.0	%	11/26/2025
Term loans fixed with swaps	300,000			2.3	%	3/1/2022
Variable rate term loans	600,000			3.4	%	1/22/2020
Debt issuance costs, discounts and fair market value adjustments	(30,764		)
Total unsecured debt	$	3,886,236		3.8	%
Fixed rate secured debt
Individual property mortgages	$	665,588		4.5	%	5/2/2036
Debt issuance costs and fair market value adjustments	(3,726		)
Total secured debt	$	661,862		4.5	%
Total outstanding debt	$	4,548,098		3.9	%