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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of additional outstanding debt
At December 31, 2016 and 2015, our outstanding senior unsecured notes and secured debt consisted of the following:
 
 
 
 
 
 
December 31, 2016
 
December 31, 2015
Senior Unsecured Notes
 
Coupon
 
Maturity
 
Face
Amount
 
Unamortized
Discount
 
Face
Amount
 
Unamortized
Discount
Senior unsecured notes
 
3.250
%
 
2019
 
$
400,000

 
$
138

 
$
400,000

 
$
197

Senior unsecured notes
 
6.750
%
 
2020
 
200,000

 
703

 
200,000

 
918

Senior unsecured notes
 
6.750
%
 
2021
 
300,000

 
2,627

 
300,000

 
3,161

Senior unsecured notes
 
4.750
%
 
2024
 
250,000

 
579

 
250,000

 
658

Senior unsecured notes
 
5.625
%
 
2042
 
350,000

 

 
350,000

 

Senior unsecured notes
 
6.250
%
 
2046
 
250,000

 

 

 

Total senior unsecured notes
 
 
 
 
 
$
1,750,000

 
$
4,047

 
$
1,500,000

 
$
4,934


Schedule of secured and other debt
 
 
Principal Balance as of
 
 
 
 
 
Number of
Properties as
Collateral
 
Net Book Value of Collateral
as of
 
 
December 31,
 
 
 
 
 
 
December 31,
Secured and Other Debt
 
2016(1)
 
2015(1)
 
Interest
Rate
 
Maturity
 
At December 31, 2016
 
2016
 
2015
Mortgage(2)
 
$

 
$
6,115

 
5.97
%
 
Apr 16
 

 
$

 
$
9,291

Mortgage(2)
 

 
18,000

 
4.65
%
 
Jul 16
 

 

 
36,783

Mortgages(2)
 

 
82,070

 
5.92
%
 
Nov 16
 

 

 
146,236

Mortgage(2)
 

 
11,989

 
6.25
%
 
Nov 16
 

 

 
20,700

Mortgage(2)
 

 
5,524

 
5.86
%
 
Mar 17
 

 

 
10,710

Mortgages(2)
 

 
43,549

 
6.54
%
 
May 17
 

 

 
52,561

Mortgage
 
10,653

 
10,861

 
6.15
%
 
Aug 17
 
1

 
14,162

 
14,487

Mortgage
 
8,686

 
8,948

 
6.73
%
 
Apr 18
 
1

 
10,656

 
10,891

Mortgages
 
12,772

 
12,976

 
6.31
%
 
Oct 18
 
1

 
16,827

 
17,184

Mortgage
 
12,061

 
12,250

 
6.24
%
 
Oct 18
 
1

 
15,453

 
15,798

Mortgages
 
69,953

 
72,062

 
4.47
%
 
Oct 18
 
10

 
180,933

 
185,666

Mortgage
 
6,565

 
6,692

 
4.69
%
 
Jan 19
 
1

 
9,687

 
9,952

Mortgages
 
44,462

 
45,327

 
3.79
%
 
Jul 19
 
4

 
64,154

 
65,551

Mortgage
 
279,505

 
284,138

 
6.71
%
 
Sep 19
 
17

 
235,068

 
238,488

Mortgages
 
3,128

 
3,616

 
7.49
%
 
Jan 22
 
1

 
15,360

 
15,775

Mortgage
 
14,300

 
14,825

 
6.28
%
 
Jul 22
 
1

 
24,834

 
25,371

Mortgage
 
11,594

 
11,787

 
4.85
%
 
Oct 22
 
1

 
21,529

 
21,992

Mortgages(3)
 
620,000

 

 
3.53
%
 
Aug 26
 
1

 
785,805

 

Mortgage
 
2,819

 
3,246

 
6.25
%
 
Feb 33
 
1

 
4,267

 
4,374

Mortgage
 
8,882

 
9,047

 
5.95
%
 
Aug 37
 
1

 
8,656

 
8,650

Mortgage
 
4,427

 
4,512

 
4.38
%
 
Sep 43
 
1

 
7,202

 
7,305

Capital Leases
 
11,466

 
12,156

 
7.70
%
 
Apr 26
 
2

 
18,968

 
19,400

Total secured and other debt
 
$
1,121,273

 
$
679,690

 
 
 
 
 
45

 
$
1,433,561

 
$
937,165

(1)
The principal balances are the amounts stated in the contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. As of December 31, 2016 and 2015, the unamortized net premiums and debt issuance costs on certain of these mortgages were $3,624 and $395, respectively.
(2)
In 2016, we repaid these debts.
(3)
In July 2016, we entered into loan agreements and obtained an aggregate $620,000 secured debt financing that matures in August 2026. These loans are secured by one MOB (two buildings).
Schedule of required principal payments on outstanding debt
Required principal payments on our outstanding debt as of December 31, 2016, are as follows:
2017
 
$
22,085

2018
 
$
436,768

2019
 
$
720,919

2020
 
$
553,080

2021
 
$
303,327

Thereafter
 
$
1,712,094