SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Senior Notes Payable and Other Debt

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



	As of March 31, 2020			As of December 31, 2019
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	2,888,159		$	120,787
Commercial paper notes	—			567,450
Secured revolving construction credit facility due 2022	152,427			160,492
Floating Rate Senior Notes, Series F due 2021 ⁽²⁾	213,386			231,018
3.25% Senior Notes due 2022	500,000			500,000
3.30% Senior Notes, Series C due 2022 ⁽²⁾	177,822			192,515
Unsecured term loan due 2023	200,000			200,000
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⁾	195,604			211,767
3.50% Senior Notes due 2024	400,000			400,000
3.75% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽²⁾	177,822			192,515
2.80% Senior Notes, Series E due 2024 ⁽²⁾	426,773			462,036
Unsecured term loan due 2025 ⁽²⁾	355,644			385,030
3.50% Senior Notes due 2025	600,000			600,000
2.65% Senior Notes due 2025	450,000			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			650,000
6.90% Senior Notes due 2037 ⁽³⁾	52,400			52,400
6.59% Senior Notes due 2038 ⁽³⁾	22,823			22,823
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			300,000
Mortgage loans and other	1,943,909			1,996,969
Total	14,256,769			12,245,802
Deferred financing costs, net	(76,967		)	(79,939		)
Unamortized fair value adjustment	17,975			20,056
Unamortized discounts	(25,498		)	(27,146		)
Senior notes payable and other debt	$	14,172,279		$	12,158,773


⁽¹⁾	As of March 31, 2020 and December 31, 2019, respectively, $12.4 million and $26.2 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $25.7 million and $27.6 million were denominated in British pounds as of March 31, 2020 and December 31, 2019, 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, at par, on October 1, 2027, and our 6.59% senior notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7 in each of 2023 and 2028.

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

As of March 31, 2020, 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)
2020	$	198,730	$	—	$	30,149	$	228,879
2021	379,222		2,888,159		38,427		3,305,808
2022	1,224,542		—		33,010		1,257,552
2023	1,574,517		—		20,059		1,594,576
2024	1,520,387		—		14,114		1,534,501
Thereafter	6,240,467		—		94,986		6,335,453
Total maturities	$	11,137,865	$	2,888,159	$	230,745	$	14,256,769

⁽¹⁾

At March 31, 2020, we had $40.0 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $2.8 billion of unrestricted cash and cash equivalents.