Indebtedness (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Indebtedness at December 31, 2018 and 2017 consists of the following (in thousands):

	Maturity Date	Weighted Average Interest Rate		Weighted Average Interest Rate
		2018		2017		2018		2017
Fixed rate secured debt	2019 to 2027	6.91	%	7.43	%	$	77,601	$	309,463
Variable rate secured debt	2025	1.72	%	1.85	%	2,200		2,500
Unsecured debt	2021 to 2028	3.92	%	3.89	%	2,575,000		2,132,042
Unsecured line of credit	2022	3.39	%	N/A		30,000		—
						$	2,684,801	$	2,444,005
Less: Deferred financing costs						26,300		21,114
Total indebtedness as reported on consolidated balance sheets						$	2,658,501	$	2,422,891

Unsecured Lines of Credit

Our unsecured line of credit at December 31, 2018 is described as follows (in thousands):

				Outstanding Balance at
Description	Borrowing Capacity		Maturity Date	December 31, 2018
Unsecured Line of Credit – Partnership	$	1,200,000	January 30, 2022	$	30,000

Fair Value, Liabilities Measured on a Recurring Basis, Disclosure Only

As all of our fair value debt disclosures relied primarily on Level 3 inputs, the following table summarizes the book value and changes in the fair value of our debt for the year ended December 31, 2018 (in thousands): 

	Book Value at 12/31/2017		Book Value at 12/31/2018		Fair Value at 12/31/2017		Issuances and Assumptions		Payments/Payoffs			Adjustments to Fair Value			Fair Value at 12/31/2018
Fixed rate secured debt	$	309,463	$	77,601	$	325,753	$	—	$	(231,783	)	$	(13,732	)	$	80,238
Variable rate secured debt	2,500		2,200		2,500		—		(300		)	—			2,200
Unsecured debt	2,132,042		2,575,000		2,190,548		450,000		(7,042		)	(83,543		)	2,549,963
Unsecured line of credit	—		30,000		—		30,000		—			—			30,000
Total	$	2,444,005	$	2,684,801	$	2,518,801	$	480,000	$	(239,125	)	$	(97,275	)	$	2,662,401
Less: Deferred financing costs	21,114		26,300
Total indebtedness as reported on the consolidated balance sheets	$	2,422,891	$	2,658,501

Schedule of Maturities of Long-term Debt

At December 31, 2018, the scheduled amortization and maturities of all indebtedness, excluding fair value adjustment, for the next five years and thereafter were as follows (in thousands):

Year	Amount
2019	$	45,515
2020	3,883
2021	262,463
2022	603,611
2023	283,817
Thereafter	1,485,361
	$	2,684,650