Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Summary of Debt

As of March 31, 2017 and December 31, 2016, the Company's senior notes consisted of the following (in thousands):

	March 31, 2017			December 31, 2016
4.875% Senior Notes due 2020	$	500,000		$	500,000
5.375% Senior Notes due 2022	750,000			750,000
5.375% Senior Notes due 2023	1,000,000			1,000,000
5.750% Senior Notes due 2025	500,000			500,000
5.875% Senior Notes due 2026	1,100,000			1,100,000
5.375% Senior Notes due 2027	1,250,000			—
	5,100,000			3,850,000
Less amount representing debt issuance cost	(54,551		)	(39,230		)
Total	$	5,045,449		$	3,810,770

As of March 31, 2017 and December 31, 2016, the Company's mortgage and loans payable consisted of the following (in thousands):

	March 31, 2017			December 31, 2016
Term loans	$	2,502,063		$	1,413,582
Mortgage payable and loans payable	44,871			44,382
	2,546,934			1,457,964
Less amount representing debt discount and debt issuance cost	(35,399		)	(22,811		)
Add the amount representing mortgage premium	1,874			1,862
	2,513,409			1,437,015
Less current portion	(80,799		)	(67,928		)
Total	$	2,432,610		$	1,369,087

Summary of Senior Notes Redemption Price Percentage

On or after May 15, 2022, the Company may redeem all or a part of the 2027 Senior Notes, on any one or more occasions, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, to, but not including, the applicable redemption date, if redeemed during the twelve-month period beginning May 15 of the years indicated below:

	Redemption Price of the 2027 Notes
2022	102.688	%
2023	101.792	%
2024	100.896	%
2025 and thereafter	100.000	%

Summary of Maturities of Debt Facilities

The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs and debt discounts, as of March 31, 2017 (in thousands):

Years ending:
2017 (9 months remaining)	$	60,587
2018	80,859
2019	367,888
2020	542,785
2021	357,532
Thereafter	6,239,157
Total	$	7,648,808

Fair Value of Debt Facilities

The following table sets forth the estimated fair values of the Company's mortgage and loans payable, and senior notes, including current maturities, as of (in thousands):

	March 31, 2017		December 31, 2016
Mortgage and loans payable	$	2,561,314	$	1,461,954
Senior notes	5,341,782		4,033,985

Schedule of Interest Charges Incurred

The following table sets forth total interest costs incurred and total interest costs capitalized for the periods presented (in thousands):

	Three Months Ended March 31,
	2017		2016
Interest expense	$	111,684	$	100,863
Interest capitalized	6,400		2,286
Interest charges incurred	$	118,084	$	103,149