Senior Unsecured Notes and Secured Debt (Tables)

6 Months Ended

Jun. 30, 2014

Senior Unsecured Notes And Secured Debt (Tables) [Abstract]

Principal payments due on debt obligations

	Senior		Secured
	Unsecured Notes(1,2)		Debt (1,3)		Totals
2014	$	-	$	117,263	$	117,263
2015		484,170(4)		409,563		893,733
2016		1,200,000(5)		372,528		1,572,528
2017		450,000		327,347		777,347
2018		450,000		430,379		880,379
Thereafter		4,865,937(6)		1,155,146		6,021,083
Totals	$	7,450,107	$	2,812,226	$	10,262,333
(1) Amounts represent principal amounts due and do not include unamortized premiums/discounts or other fair value adjustments as reflected on the balance sheet.
(2) Annual interest rates range from 1.5% to 6.5%.
(3) Annual interest rates range from 1.0% to 8.0%. Carrying value of the properties securing the debt totaled $5,123,888,000 at June 30, 2014.
(4) On July 30, 2012, we completed funding on a $250,000,000 Canadian denominated unsecured term loan (approximately $234,170,000 based on the Canadian/U.S. Dollar exchange rate in effect on June 30, 2014). The loan matures on July 27, 2015 (with an option to extend for an additional year at our discretion) and bears interest at the Canadian Dealer Offered Rate plus 145 basis points (2.7% at June 30, 2014). Please see Note 19 for subsequent activity.
(5) On January 8, 2013, we completed funding on a $500,000,000 unsecured term loan. The loan matures on March 31, 2016 (with an option to extend for two additional years at our discretion) and bears interest at LIBOR plus 135 basis points (1.5% at June 30, 2014). Please see Note 19 for subsequent activity.
(6) On November 20, 2013, we completed the sale of £550,000,000 (approximately $940,830,000 based on the Sterling/U.S. Dollar exchange rate in effect on June 30, 2014) of 4.8% senior unsecured notes due 2028.

Summary of senior unsecured note activity

	Six Months Ended
	June 30, 2014			June 30, 2013
			Weighted Avg.			Weighted Avg.
	Amount		Interest Rate	Amount		Interest Rate
Beginning balance	$	7,421,707	4.400%	$	5,894,403	4.675%
Debt issued		-	0.000%		500,000	1.552%
Debt redeemed		(1)	3.000%		(3)	3.000%
Foreign currency		28,401	4.865%		-	0.000%
Ending balance	$	7,450,107	4.402%	$	6,394,400	4.431%

Secured debt principal activity

	Six Months Ended
		June 30, 2014		June 30, 2013
			Weighted Avg.			Weighted Avg.
	Amount		Interest Rate	Amount		Interest Rate
Beginning balance	$	3,010,711	5.10%	$	2,311,586	5.14%
Debt issued		10,690	3.54%		71,340	4.96%
Debt assumed		12,005	4.15%		536,856	4.22%
Debt extinguished		(188,722)	5.73%		(49,156)	4.20%
Principal payments		(31,258)	4.98%		(24,709)	5.39%
Foreign currency		(1,200)	3.94%		(6,892)	3.87%
Ending balance	$	2,812,226	5.04%	$	2,839,025	5.08%