SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021		As of December 31, 2020
	(In thousands)
Unsecured revolving credit facility (1)	$	49,141	$	39,395
Commercial paper notes	370,000		—
Secured revolving construction credit facility due 2022	—		154,098
Floating Rate Senior Notes, Series F due 2021 (2)	236,630		235,664
3.25% Senior Notes due 2022	—		263,687
3.30% Senior Notes, Series C due 2022 (2)	197,192		196,386
Unsecured term loan due 2023	200,000		200,000
3.125% Senior Notes due 2023	—		400,000
3.10% Senior Notes due 2023	—		400,000
2.55% Senior Notes, Series D due 2023 (2)	216,911		216,025
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)	197,192		196,386
2.80% Senior Notes, Series E due 2024 (2)	473,261		471,328
Unsecured term loan due 2025 (2)	394,384		392,773
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		500,000
2.50% Senior Notes due 2031	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	2,582,812		2,092,106
Total	12,142,746		11,983,071
Deferred financing costs, net	(71,313)		(68,343)
Unamortized fair value adjustment	35,316		12,618
Unamortized discounts	(27,914)		(31,934)
Senior notes payable and other debt	$	12,078,835	$	11,895,412

(1)As of September 30, 2021 and December 31, 2020, respectively, $23.3 million and $12.2 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $25.9 million and $27.2 million were denominated in British pounds as of September 30, 2021 and December 31, 2020, respectively.

(2)Canadian Dollar debt obligations shown in U.S. 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, 2021, 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)
2021	$	293,626	$	370,000	$	15,082	$	678,708
2022	564,208		—		52,150		616,358
2023	810,886		—		38,684		849,570
2024	1,636,695		—		32,915		1,669,610
2025	2,045,971		49,141		26,761		2,121,873
Thereafter	6,077,692		—		128,935		6,206,627
Total maturities	$	11,429,078	$	419,141	$	294,527	$	12,142,746

(1)At September 30, 2021, we had $275.4 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $143.8 million of unrestricted cash and cash equivalents.