SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Senior Notes Payable and Other Debt

The following is a summary of our senior notes payable and other debt:



	As of June 30, 2019			As of December 31, 2018
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	227,323		$	765,919
Commercial paper notes	270,000			—
Secured revolving construction credit facility due 2022	123,223			90,488
3.00% Senior Notes, Series A due 2019 ⁽²⁾	305,577			293,319
2.70% Senior Notes due 2020	500,000			500,000
4.25% Senior Notes due 2022	600,000			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.30% Senior Notes, Series C due 2022 ⁽²⁾	190,985			183,325
Unsecured term loan due 2023	200,000			300,000
3.125% Senior Notes due 2023	400,000			400,000
3.10% Senior Notes due 2023	400,000			400,000
2.55% Senior Notes, Series D due 2023 ⁽²⁾	210,084			201,657
Unsecured term loan due 2024	—			600,000
3.50% Senior Notes due 2024	400,000			—
3.75% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽²⁾	190,985			183,324
3.50% Senior Notes due 2025	600,000			600,000
4.125% Senior Notes due 2026	500,000			500,000
3.25% Senior Notes due 2026	450,000			450,000
3.85% Senior Notes due 2027	400,000			400,000
4.00% Senior Notes due 2028	650,000			650,000
4.40% Senior Notes due 2029	750,000			750,000
6.90% Senior Notes due 2037 ⁽³⁾	52,400			52,400
6.59% Senior Notes due 2038 ⁽³⁾	22,823			22,823
5.45% Senior Notes due 2043	—			258,750
5.70% Senior Notes due 2043	300,000			300,000
4.375% Senior Notes due 2045	300,000			300,000
4.875% Senior Notes due 2049	300,000			—
Mortgage loans and other	1,103,503			1,127,697
Total	10,346,903			10,829,702
Deferred financing costs, net	(75,564		)	(69,615		)
Unamortized fair value adjustment	9,213			(1,163		)
Unamortized discounts	(24,460		)	(25,225		)
Senior notes payable and other debt	$	10,256,092		$	10,733,699


⁽¹⁾	As of June 30, 2019 and December 31, 2018, respectively, $15.3 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.0 million and $27.8 million were denominated in British pounds as of June 30, 2019 and December 31, 2018, respectively.


⁽²⁾	Canadian Dollar debt obligations shown in US Dollars.

⁽³⁾

Our 6.90% senior notes due 2037 are subject to repurchase, at the option of the holders, on October 1, 2027, and our 6.59% senior notes due 2038 are subject to repurchase, at the option of the holders, on July 7 in each of 2023 and 2028.

Scheduled Maturities of Borrowing Arrangements and Other Provisions Excluding Capital Lease Obligations

As of June 30, 2019, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2019	$	372,495	$	270,000	$	8,120	$	650,615
2020	598,436		—		15,323		613,759
2021	71,813		227,323		14,232		313,368
2022	1,532,545		—		12,744		1,545,289
2023	1,450,721		—		9,105		1,459,826
Thereafter	5,683,902		—		80,144		5,764,046
Total maturities	$	9,709,912	$	497,323	$	139,668	$	10,346,903


⁽¹⁾	At June 30, 2019, we had $415.3 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $82.0 million of unrestricted cash and cash equivalents.