Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Summary of Senior Notes Issuances

The following table summarizes the Company’s senior unsecured notes payoffs during the year ended December 31, 2017 (dollars in thousands):

Date	Amount		Coupon Rate
May 1, 2017	$	250,000	5.625	%
July 27, 2017	$	500,000	5.375	%

Summary of Debt Maturities and Schedule Principal Repayments

The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at June 30, 2018 (in thousands):

Year	Bank Line of Credit(1)		Term Loan(2)			Senior Unsecured Notes(3)			Mortgage Debt(4)		Total(5)
2018 (six months)	$	—	$	—		$	—		$	1,710	$	1,710
2019	—		223,131			450,000			3,561		676,692
2020	—		—			800,000			3,609		803,609
2021	545,226		—			700,000			10,957		1,256,183
2022	—		—			900,000			2,691		902,691
Thereafter	—		—			3,600,000			112,516		3,712,516
	545,226		223,131			6,450,000			135,044		7,353,401
(Discounts), premium and debt costs, net	—		(208		)	(48,498		)	5,277		(43,429		)
	$	545,226	$	222,923		$	6,401,502		$	140,321	$	7,309,972

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(1) Includes £85 million translated into USD.

(2) Represents £169 million translated into USD.

(3) Effective interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.20% and a weighted average maturity of five years. On July 15, 2018, the Company repaid $700 million of its 5.375% senior unsecured notes due 2021 (see discussion above).

(4) Interest rates on the mortgage debt ranged from 2.25% to 5.91% with a weighted average effective interest rate of 4.19% and a weighted average maturity of 19 years.

(5) Excludes $93 million of other debt that have no scheduled maturities.