XML 61 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Narrative (Details) - USD ($)
1 Months Ended 12 Months Ended
Nov. 30, 2024
Jul. 31, 2024
May 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Oct. 31, 2023
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Commercial paper, maximum aggregate amount outstanding       $ 500,000,000      
Repayment of unsecured debt       300,000,000 $ 750,000,000 $ 100,000,000  
Restricted cash       158,500,000 133,070,000 $ 121,056,000  
Total net real estate       $ 19,767,062,000 19,342,871,000    
Percentage of principle amount at which the entity may redeem some or all of the notes       100.00%      
Asset Pledged as Collateral | Notes Payable, Other Payables              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Total net real estate       $ 1,245,662,000      
Variable rate unsecured credit facility              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Available borrowing capacity       $ 2,250,000,000 $ 2,250,000,000    
Line of credit facility, commitment fee (as a percent)       0.12%      
Line of Credit Facility, Commitment Fee Percentage, Increase (Decrease)   0.005%          
Variable rate unsecured credit facility | Minimum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Line of credit facility, commitment fee (as a percent)       0.095%      
Variable rate unsecured credit facility | Maximum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Line of credit facility, commitment fee (as a percent)       0.295%      
Variable rate unsecured credit facility | Secured Overnight Financing Rate (SOFR)              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, effective interest rate (as a percent)       5.30%      
Debt instrument, basis spread on variable rate (as a percent)       0.805%      
Debt Instrument, Basis Spread On Variable Rate, Increase (Decrease)   0.02%          
Variable rate unsecured credit facility | Secured Overnight Financing Rate (SOFR) | Minimum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       0.63%      
Variable rate unsecured credit facility | Secured Overnight Financing Rate (SOFR) | Maximum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       1.38%      
Variable rate unsecured credit facility | SOFR Adjustment              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       0.10%      
Variable rate unsecured credit facility | SOFR Base Rate              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       0.705%      
Unsecured notes | Minimum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       0.10%      
Unsecured notes | Maximum              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, basis spread on variable rate (as a percent)       0.30%      
Unsecured notes | Notes Payable Maturities 2029              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Stated interest rate (as a percent)       3.30%      
Unsecured notes | Unsecured Notes 5.350 Percent              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Debt instrument, effective interest rate (as a percent)     5.05%        
Stated interest rate (as a percent)     5.35%        
Unsecured notes | Note Payable 3.500 Maturities 2024              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Repayment of unsecured debt $ 300,000,000            
Stated interest rate (as a percent) 3.50%            
Secured notes | Notes Payable Maturities 2029              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Face amount, debt instrument             $ 63,041,000
Unsecured Notes 5.300 Percent              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Face amount, debt instrument       $ 400,000,000      
Unsecured Notes 5.350 Percent              
Mortgage Notes Payable, Unsecured Notes and Credit Facility              
Face amount, debt instrument     $ 400,000,000        
Proceeds from issuance of debt     $ 396,188,000