Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of March 31, 2023 (dollars in thousands):

	Balance			Weighted Average Effective Rate			Weighted Average Contract Maturity
Unsecured debt
Fixed rate senior notes	$	4,050,000			3.4	%	5/14/2029
Debt issuance costs, discounts, premiums and fair market value adjustments		(18,000	)
Total unsecured debt	$	4,032,000			3.4	%
Secured debt
Fixed rate property mortgages	$	366,792			4.4	%	11/4/2048
Debt issuance costs		(3,142	)
Total secured debt	$	363,650			4.4	%
Total outstanding debt	$	4,395,650			3.4	%