XML 49 R36.htm IDEA: XBRL DOCUMENT v3.20.4
Mortgage Notes Payable, Unsecured Notes and Credit Facility (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 31, 2020
May 31, 2020
Feb. 29, 2020
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total mortgage notes payable and unsecured notes and Term Loans         $ 7,629,814,000 $ 7,355,371,000  
Variable rate unsecured credit facility         0 0  
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility         7,629,814,000 7,355,371,000  
Repayment of unsecured debt         958,680,000 0 $ 258,579,000
Gain (Loss) on Extinguishment of Debt         (9,333,000) (602,000) $ (17,492,000)
Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Fixed rate notes         6,500,000,000 5,850,000,000  
Variable rate notes         0 300,000,000  
Total mortgage notes payable and unsecured notes and Term Loans         6,750,000,000    
Amount of debt discount         10,380,000 8,610,000  
Deferred financing costs, net         37,615,000 32,742,000  
Term loan              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Variable rate notes         250,000,000 250,000,000  
Secured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Fixed rate notes         408,964,000 479,221,000  
Variable rate notes         470,850,000 476,150,000  
Total mortgage notes payable and unsecured notes and Term Loans         575,532,000    
Amount of debt discount         14,478,000 14,464,000  
Deferred financing costs, net         3,004,000 $ 3,265,000  
Unsecured Notes 2.30 Percent [Member]              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Proceeds from Issuance of Debt     $ 694,701,000        
Unsecured Notes 2.45 Percent [Member]              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Proceeds from Issuance of Debt   $ 593,430,000          
Unsecured Notes 2.30 Percent [Member] | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent)     2.30%        
Notes Payable Maturities 2020              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent) 4.18%   3.08%        
Notes Payable Maturities 2027              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent)     2.38%        
Notes Payable Maturities 2027 | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total mortgage notes payable and unsecured notes and Term Loans         $ 400,000,000    
Stated interest rate (as a percent)         3.35%    
Notes Payable Maturities 2027 | Secured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total mortgage notes payable and unsecured notes and Term Loans         $ 236,100,000    
Notes Payable Maturities 2027 | Secured notes | Avalon San Bruno III [Member]              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Fixed rate notes     $ 51,000,000        
Notes Payable 3.625 Maturities 2020 [Member] | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent)       3.625%      
Repayment of unsecured debt       $ 400,000,000      
Notes Payable Maturities 2021 [Member] | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total mortgage notes payable and unsecured notes and Term Loans         0    
Stated interest rate (as a percent)       3.95%      
Repayment of unsecured debt       $ 250,000,000      
Notes Payable Maturities 2021 [Member] | Secured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total mortgage notes payable and unsecured notes and Term Loans         $ 27,844,000    
Notes Payable 3.625 Maturities 2020 and 2021 [Member] | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Gain (Loss) on Extinguishment of Debt       $ 9,170,000      
Unsecured Notes 2.45 Percent [Member] | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent)   2.45%          
Floating Rate Unsecured Notes 300 Million | Unsecured notes              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Repayments of secured debt   $ 300,000,000          
Gain (Loss) on Extinguishment of Debt   $ 268,000          
Notes Payable Maturities 2020, Fixed Rate [Member] | Secured notes | Avalon Hoboken [Member]              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Repayments of secured debt $ 67,904,000