Borrowings (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of March 31, 2022 (dollars in thousands):

	Balance			Weighted Average Effective Rate			Weighted Average Contract Maturity
Unsecured debt
Fixed rate senior notes	$	4,175,000			3.3	%	3/4/2029
Variable rate commercial paper program		20,000			0.6	%	4/3/2022
Debt issuance costs, discounts, premiums and fair market value adjustments		(22,487	)
Total unsecured debt	$	4,172,513			3.3	%
Secured debt
Fixed rate property mortgages	$	368,212			4.4	%	10/2/2048
Debt issuance costs		(3,220	)
Total secured debt	$	364,992			4.4	%
Total outstanding debt	$	4,537,505			3.4	%