Senior Notes Payable and Other Debt (Tables)

12 Months Ended

Dec. 31, 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 December 31,
	2020		2019
	(In thousands)
Unsecured revolving credit facility (1)	$	39,395	$	120,787
Commercial paper notes	—		567,450
Secured revolving construction credit facility due 2022	154,098		160,492
Floating Rate Senior Notes, Series F due 2021 (2)	235,664		231,018
3.25% Senior Notes due 2022	263,687		500,000
3.30% Senior Notes, Series C due 2022 (2)	196,386		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)	216,025		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)	196,386		192,515
2.80% Senior Notes, Series E due 2024 (2)	471,328		462,036
Unsecured term loan due 2025 (2)	392,773		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	52,400		52,400
6.59% Senior Notes due 2038	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	2,092,106		1,996,969
Total	11,983,071		12,245,802
Deferred financing costs, net	(68,343)		(79,939)
Unamortized fair value adjustment	12,618		20,056
Unamortized discounts	(31,934)		(27,146)
Senior notes payable and other debt	$	11,895,412	$	12,158,773

(1)As of December 31, 2020 and 2019, respectively, $12.2 million and $26.2 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.2 million and $27.6 million were denominated in British pounds as of December 31, 2020 and 2019, 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, 2020:

	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes (1)		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2021	$	511,971	$	39,395	$	44,651	$	596,017
2022	1,070,861		—		38,602		1,109,463
2023	1,609,373		—		24,821		1,634,194
2024	1,610,581		—		18,587		1,629,168
2025	1,619,872		—		14,894		1,634,766
Thereafter	5,285,913		—		93,550		5,379,463
Total maturities	$	11,708,571	$	39,395	$	235,105	$	11,983,071

(1)At December 31, 2020, we had unrestricted cash and cash equivalents of $413.3 million, which exceeds the borrowings outstanding under our unsecured revolving credit facility and commercial paper program.