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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of additional outstanding debt
At December 31, 2017 and 2016, our outstanding senior unsecured notes and secured debt consisted of the following:
 
 
 
 
 
 
December 31, 2017
 
December 31, 2016
Senior Unsecured Notes
 
Coupon
 
Maturity
 
Face
Amount
 
Unamortized
Discount
 
Face
Amount
 
Unamortized
Discount
Senior unsecured notes
 
3.250
%
 
2019
 
$
400,000

 
$
78

 
$
400,000

 
$
138

Senior unsecured notes
 
6.750
%
 
2020
 
200,000

 
488

 
200,000

 
703

Senior unsecured notes
 
6.750
%
 
2021
 
300,000

 
2,093

 
300,000

 
2,627

Senior unsecured notes
 
4.750
%
 
2024
 
250,000

 
500

 
250,000

 
579

Senior unsecured notes
 
5.625
%
 
2042
 
350,000

 

 
350,000

 

Senior unsecured notes
 
6.250
%
 
2046
 
250,000

 

 
250,000

 

Total senior unsecured notes
 
 
 
 
 
$
1,750,000

 
$
3,159

 
$
1,750,000

 
$
4,047

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
 
2017(1)
 
2016(1)
 
Interest
Rate
 
Maturity
 
At December 31, 2017
 
2017
 
2016
Mortgage(2)
 
$

 
$
10,653

 
6.15
%
 
Aug 17
 

 
$

 
$
14,162

Mortgage(2)
 

 
8,686

 
6.73
%
 
Apr 18
 

 

 
10,656

Mortgage notes
 
12,552

 
12,772

 
6.31
%
 
Oct 18
 
1

 
16,470

 
16,827

Mortgage notes
 
11,858

 
12,061

 
6.24
%
 
Oct 18
 
1

 
15,025

 
15,453

Mortgage note
 
67,749

 
69,953

 
4.47
%
 
Oct 18
 
10

 
175,975

 
180,933

Mortgage note
 
6,430

 
6,565

 
4.69
%
 
Jan 19
 
1

 
9,477

 
9,687

Mortgage note
 
43,558

 
44,462

 
3.79
%
 
Jul 19
 
4

 
62,596

 
64,154

Mortgage note(2)
 

 
279,505

 
6.71
%
 
Sep 19
 

 

 
235,068

Mortgage note
 
2,603

 
3,128

 
7.49
%
 
Jan 22
 
1

 
15,099

 
15,360

Mortgage note
 
13,741

 
14,300

 
6.28
%
 
Jul 22
 
1

 
24,414

 
24,834

Mortgage note
 
11,392

 
11,594

 
4.85
%
 
Oct 22
 
1

 
21,065

 
21,529

Mortgage notes(3)
 
620,000

 
620,000

 
3.53
%
 
Aug 26
 
1

 
764,622

 
785,805

Mortgage note
 
2,395

 
2,819

 
6.25
%
 
Feb 33
 
1

 
4,473

 
4,267

Mortgage note(2)
 

 
8,882

 
5.95
%
 
Aug 37
 

 

 
8,656

Mortgage note(4)
 
4,338

 
4,427

 
4.38
%
 
Sep 43
 
1

 
7,290

 
7,202

Capital Leases
 
10,694

 
11,466

 
7.70
%
 
Apr 26
 
2

 
18,525

 
18,968

Total secured
 
$
807,310

 
$
1,121,273

 
 
 
 
 
25

 
$
1,135,031

 
$
1,433,561


(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, 2017 and 2016, the unamortized net premiums and debt issuance costs on certain of these mortgages were $1,906 and $3,624, respectively.
(2)
In 2017, we prepaid these debts.
(3)
In July 2016, we entered 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). The property encumbered by these mortgages is owned by a joint venture in which we own a 55% equity interest.
(4)
In January 2018, we prepaid this debt.
Schedule of required principal payments on outstanding debt
Required principal payments on our outstanding debt as of December 31, 2017, are as follows:
2018
 
$
95,811

2019
 
$
451,592

2020
 
$
552,869

2021
 
$
303,102

2022
 
$
819,227

Thereafter
 
$
1,480,709