SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Summary of Senior Notes Payable and Other Debt

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

	As of September 30, 2020		As of December 31, 2019
	(In thousands)
Unsecured revolving credit facility (1)	$	41,484	$	120,787
Commercial paper notes	—		567,450
Secured revolving construction credit facility due 2022	164,585		160,492
Floating Rate Senior Notes, Series F due 2021 (2)	225,242		231,018
3.25% Senior Notes due 2022	500,000		500,000
3.30% Senior Notes, Series C due 2022 (2)	187,702		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)	206,472		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)	187,702		192,515
2.80% Senior Notes, Series E due 2024 (2)	450,484		462,036
Unsecured term loan due 2025 (2)	375,404		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
4.75% Senior Notes due 2030	500,000		—
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	2,076,369		1,996,969
Total	12,140,667		12,245,802
Deferred financing costs, net	(73,444)		(79,939)
Unamortized fair value adjustment	14,008		20,056
Unamortized discounts	(33,312)		(27,146)
Senior notes payable and other debt	$	12,047,919	$	12,158,773

(1)As of September 30, 2020 and December 31, 2019, respectively, $15.8 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 September 30, 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 September 30, 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	$	131,956	$	—	$	11,765	$	143,721
2021	426,284		41,484		43,006		510,774
2022	1,292,027		—		36,943		1,328,970
2023	1,593,067		—		23,556		1,616,623
2024	1,559,708		—		17,502		1,577,210
Thereafter	6,859,843		—		103,526		6,963,369
Total maturities	$	11,862,885	$	41,484	$	236,298	$	12,140,667

(1)At September 30, 2020, we had unrestricted cash and cash equivalents of $0.6 billion, which exceeds the borrowings outstanding under our unsecured revolving credit facility and commercial paper program.