Senior Unsecured Notes and Secured Debt (Tables)

9 Months Ended

Sep. 30, 2015

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

Principal payments due on debt obligations

	Senior		Secured
	Unsecured Notes(1,2)		Debt (1,3)		Totals
2015	$	-	$	106,190	$	106,190
2016		400,000		464,519		864,519
2017		450,000		399,670		849,670
2018		450,000		558,656		1,008,656
2019(4,5)		1,286,625		374,769		1,661,394
Thereafter(6,7,8)		5,387,915		1,041,893		6,429,808
Totals	$	7,974,540	$	2,945,697	$	10,920,237
(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 1.169% to 6.5%.
(3) Annual interest rates range from 1.0% to 7.98%. Carrying value of the properties securing the debt totaled $5,205,803,000 at September 30, 2015.
(4) On July 25, 2014, we refinanced the funding on a $250,000,000 Canadian-denominated unsecured term credit facility (approximately $186,625,000 based on the Canadian/U.S. Dollar exchange rate on September 30, 2015). The loan matures on October 31, 2018 (with an option to extend for an additional year at our discretion) and bears interest at the Canadian Dealer Offered Rate plus 97.5 basis points (1.8% at September 30, 2015).
(5) On July 25, 2014, we refinanced the funding on a $500,000,000 unsecured term credit facility. The loan matures on October 31, 2018 (with an option to extend for an additional year at our discretion) and bears interest at LIBOR plus 97.5 basis points (1.17% at September 30, 2015).
(6) On November 20, 2013, we completed the sale of £550,000,000 (approximately $831,765,000 based on the Sterling/U.S. Dollar exchange rate in effect on September 30, 2015) of 4.8% senior unsecured notes due 2028.
(7) On November 25, 2014, we completed the sale of £500,000,000 (approximately $756,150,000 based on the Sterling/U.S. Dollar exchange rate in effect on September 30, 2015) of 4.5% senior unsecured notes due 2034.
(8) In May 2015, we issued $750,000,000 of 4.0% senior unsecured notes due 2025. In October 2015, we issued an additional $500,000,000 of these notes under a re-opening of the offer.

Summary of senior unsecured note activity

	Nine Months Ended
	September 30, 2015			September 30, 2014
			Weighted Avg.			Weighted Avg.
	Amount		Interest Rate	Amount		Interest Rate
Beginning balance	$	7,817,154	4.385%	$	7,421,707	4.400%
Debt issued		750,000	4.000%		-	0.000%
Debt extinguished		(300,000)	6.200%		-	0.000%
Debt redeemed		(215,965)	3.000%		(47,660)	3.000%
Foreign currency		(76,649)	8.065%		(31,719)	3.892%
Ending balance	$	7,974,540	4.210%	$	7,342,328	4.388%

Secured debt principal activity

	Nine Months Ended
		September 30, 2015		September 30, 2014
			Weighted Avg.			Weighted Avg.
	Amount		Interest Rate	Amount		Interest Rate
Beginning balance	$	2,941,765	4.94%	$	3,010,711	5.10%
Debt issued		222,612	2.76%		98,100	3.23%
Debt assumed		339,929	3.34%		62,505	3.11%
Debt extinguished		(420,672)	4.27%		(240,355)	5.66%
Foreign currency		(89,154)	3.88%		(45,807)	4.97%
Principal payments		(48,783)	4.85%		(23,434)	3.78%
Ending balance	$	2,945,697	4.72%	$	2,861,720	4.94%