Senior Notes and Other Debt (Tables)

12 Months Ended

Dec. 31, 2019

Summary of senior notes payable and other debt

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



	As of December 31,
	2019			2018
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	120,787		$	765,919
Commercial paper notes	567,450			—
Secured revolving construction credit facility due 2022	160,492			90,488
3.00% Senior Notes, Series A due 2019 ⁽²⁾	—			293,319
2.70% Senior Notes due 2020	—			500,000
Floating Rate Senior Notes, Series F due 2021 ⁽²⁾	231,018			—
4.25% Senior Notes due 2022	—			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.30% Senior Notes, Series C due 2022 ⁽²⁾	192,515			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⁾	211,767			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⁾	192,515			183,324
2.80% Senior Notes, Series E due 2024 ⁽²⁾	462,036			—
Unsecured term loan due 2025 ⁽²⁾	385,030			—
3.50% Senior Notes due 2025	600,000			600,000
2.65% Senior Notes due 2025	450,000			—
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
3.00% Senior Notes due 2030	650,000			—
6.90% Senior Notes due 2037	52,400			52,400
6.59% Senior Notes due 2038	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	1,996,969			1,127,697
Total	12,245,802			10,829,702
Deferred financing costs, net	(79,939		)	(69,615		)
Unamortized fair value adjustment	20,056			(1,163		)
Unamortized discounts	(27,146		)	(25,225		)
Senior notes payable and other debt	$	12,158,773		$	10,733,699


⁽¹⁾	As of December 31, 2019 and 2018, respectively, $26.2 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.6 million and $27.8 million were denominated in British pounds as of December 31, 2019 and 2018, respectively.

⁽²⁾

Canadian Dollar debt obligations shown in US Dollars.

Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations

The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2019:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2020	$	276,653	$	567,450	$	40,291	$	884,394
2021	361,046		120,787		38,954		520,787
2022	1,269,661		—		33,163		1,302,824
2023	1,602,104		—		19,409		1,621,513
2024	1,571,967		—		13,058		1,585,025
Thereafter	6,243,430		—		87,829		6,331,259
Total maturities	$	11,324,861	$	688,237	$	232,704	$	12,245,802

⁽¹⁾

As of December 31, 2019, we had $581.9 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $106.4 million of unrestricted cash and cash equivalents.