Corporate Indebtedness (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of senior unsecured notes and other related disclosures by scheduled maturity date

The following table sets forth our senior unsecured notes and other related disclosures as of December 31, 2020 and 2019, respectively, by scheduled maturity date (dollars in thousands):

Issuance	December 31, 2020 Unpaid Principal Balance		December 31, 2020 Accreted Balance		December 31, 2019 Accreted Balance		Interest Rate (1)			Initial Term (in Years)	Maturity Date
August 7, 2018 (2)(3)	$	350,000	$	350,000	$	350,000		1.52	%	3	August 2021
October 5, 2017 (2)	500,000		499,803		499,695			3.25	%	5	October 2022
November 15, 2012 (4)	300,000		302,086		303,142			4.50	%	10	December 2022
December 17, 2015 (5)	100,000		100,000		100,000			4.27	%	10	December 2025
March 16, 2010 (6)	—		—		250,000
	$	1,250,000	$	1,251,889	$	1,502,837
Deferred financing costs, net			(3,670)		(5,990)
	$	1,250,000	$	1,248,219	$	1,496,847

(1)Interest rate as of December 31, 2020, taking into account interest rate hedges in effect during the period.

(2)Issued by the Operating Partnership with the Company as the guarantor.

(3)The notes are subject to redemption at the Company's option, in whole but not in part, at a redemption price equal to 100% of the principal amount of the notes, plus unpaid accrued interest thereon to the redemption date. In April 2020, the Company entered into $350.0 million of fixed rate interest swaps at a rate of 0.54375% through August 2021.

(4)In October 2017, the Company and the Operating Partnership as co-obligors issued an additional $100.0 million of 4.50% senior unsecured notes due December 2022. The notes were priced at 105.334% of par.

(5)Issued by the Company and the Operating Partnership as co-obligors.

(6)In March 2020, the notes were repaid.

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, the 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of December 31, 2020, including as-of-right extension options, were as follows (in thousands):

	Scheduled Amortization		Principal		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
2021	$	10,700	$	300,027	$	—	$	—	$	—	$	350,000	$	660,727	$	1,085,279
2022	8,767		255,435		—		—		—		800,000		1,064,202		540,947
2023	6,599		560,000		110,000		1,300,000		—		—		1,976,599		491,066
2024	5,285		272,749		—		200,000		—		—		478,034		617,010
2025	829		—		—		—		—		100,000		100,829		1,385,256
Thereafter	930		580,039		—		—		100,000		—		680,969		552,813
	$	33,110	$	1,968,250	$	110,000	$	1,500,000	$	100,000	$	1,250,000	$	4,961,360	$	4,672,371

Schedule of consolidated interest expense, excluding capitalized interest

Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):

	Year Ended December 31,
	2020		2019		2018
Interest expense before capitalized interest	$	185,934	$	246,848	$	236,719
Interest on financing leases	8,091		3,243		8,069
Interest capitalized	(75,167)		(55,446)		(34,162)
Interest income	(2,179)		(4,124)		(1,957)
Interest expense, net	$	116,679	$	190,521	$	208,669