Indebtedness (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Fair Value, Liabilities Measured on a Recurring Basis, Disclosure Only

The following table summarizes the book value and changes in the fair value of our debt (in thousands):

	Book Value at 12/31/2021		Book Value at 3/31/2022		Fair Value at 12/31/2021		Issuances and Assumptions		Payments/Payoffs		Adjustments to Fair Value		Fair Value at 3/31/2022
Fixed rate secured debt	$	58,422	$	57,286	$	59,989	$	—	$	(1,064)	$	(4,141)	$	54,784
Variable rate secured debt	1,300		1,300		1,300		—		—		—		1,300
Unsecured debt	3,675,000		3,375,000		3,779,465		—		(300,000)		(301,332)		3,178,133
Unsecured line of credit	—		260,000		—		260,000		—		—		260,000
Total	$	3,734,722	$	3,693,586	$	3,840,754	$	260,000	$	(301,064)	$	(305,473)	$	3,494,217
Less: Deferred financing costs	45,440		42,517
Total indebtedness as reported on the consolidated balance sheets	$	3,689,282	$	3,651,069

Unsecured Line of Credit

Our unsecured line of credit at March 31, 2022 is described as follows (in thousands):

Description	Borrowing Capacity		Maturity Date	Outstanding Balance at March 31, 2022
Unsecured Line of Credit - Partnership	$	1,200,000	March 31, 2025	$	260,000