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Secured and unsecured senior debt Summary of secured and unsecured debt (Details) (USD $)
6 Months Ended 0 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Secured notes payable
Jun. 30, 2014
Senior Notes [Member]
Jun. 30, 2014
$1.5 billion unsecured senior line of credit
Jun. 30, 2014
2016 Unsecured Senior Bank Term Loan
Jun. 30, 2014
2019 Unsecured Senior Bank Term Loan
Jul. 18, 2014
Unsecured Senior Notes Due in 2020 and 2029 [Member]
Subsequent Event [Member]
Senior Notes [Member]
Jul. 18, 2014
$1.5 billion unsecured senior line of credit
Subsequent Event [Member]
Jul. 18, 2014
2016 Unsecured Senior Bank Term Loan
Subsequent Event [Member]
Debt Instrument [Line Items]                    
Proceeds from Unsecured Notes Payable               $ 694,000,000    
Repayments of Unsecured Debt 0 150,000,000             569,000,000 125,000,000
Fixed Rate/Hedged Variable Rate 2,413,965,000   415,655,000 1,048,310,000 0 350,000,000 600,000,000      
Unhedged Variable rate 920,896,000   199,896,000 0 571,000,000 150,000,000 0      
Total Consolidated $ 3,334,861,000   $ 615,551,000 $ 1,048,310,000 $ 571,000,000 [1] $ 500,000,000 [1] $ 600,000,000      
Percentage of Total 100.00%                  
Total consolidated debt, Effective Interest 3.03% [2]                  
Weighted Average Interest Rate at End of Period     4.83% [2] 4.29% [2] 1.25% [2] 1.40% [2] 2.05% [2]      
Weighted Average Remaining Terms (in years) 5 years 1 month   3 years 2 months 8 years 3 months 4 years 6 months 2 years 1 month 4 years 6 months 9 years 7 months    
Percentage of fixed rate/hedged total debt 72.00%                  
Percentage of unhedged floating rate total debt 28.00%                  
[1] These amounts do not reflect our unsecured senior notes payable offering completed on July 18, 2014. Net proceeds of $694 million were used to reduce variable-rate debt, including the partial repayment of $125 million of our 2016 Unsecured Senior Bank Term Loan and the reduction of $569 million of borrowings outstanding on our unsecured senior line of credit. See Note 13 – Subsequent Events, to our consolidated financial statements (unaudited) appearing elsewhere in this quarterly report on Form 10-Q for further information.
[2] Represents the weighted average interest rate as of the end of the period plus the impact of debt premiums/discounts and our interest rate swap agreements. The weighted average interest rate excludes bank fees and amortization of loan fees.