XML 18 R57.htm IDEA: XBRL DOCUMENT v3.19.3
Debt Obligations - Consolidated Debt Obligations Outstanding (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Consolidated debt obligations    
Plus: premiums/(discounts), net $ (5,329)  
Less: deferred financing costs (8,889)  
Outstanding indebtedness 2,078,255 $ 2,028,046
Secured Debt    
Consolidated debt obligations    
Long-term debt, gross 317,363 323,032
Plus: premiums/(discounts), net (1,477) (1,759)
Less: deferred financing costs (283) (404)
Total mortgage indebtedness 315,603 320,869
Unsecured Debt    
Consolidated debt obligations    
Long-term debt, gross 1,775,110 1,721,110
Plus: premiums/(discounts), net (3,852) (4,096)
Less: deferred financing costs (8,606) (9,837)
Total unsecured indebtedness 1,762,652 1,707,177
Unsecured Debt | $600 million Unsecured Credit Facility    
Consolidated debt obligations    
Long-term debt, gross 146,500 92,500
Unsecured Debt | Seven-Year Term Loan - Swapped to fixed    
Consolidated debt obligations    
Long-term debt, gross $ 250,000 250,000
Effective interest rate 2.87%  
Unsecured Debt | $350.0M 3.95% Guaranteed Notes due 2023    
Consolidated debt obligations    
Long-term debt, gross $ 350,000 350,000
Effective interest rate 3.87%  
Unsecured Debt | $250.0M 4.10% Guaranteed Notes due 2024    
Consolidated debt obligations    
Long-term debt, gross $ 250,000 250,000
Effective interest rate 4.33%  
Unsecured Debt | $450.0M 3.95% Guaranteed Notes due 2027    
Consolidated debt obligations    
Long-term debt, gross $ 450,000 450,000
Effective interest rate 4.03%  
Unsecured Debt | $250.0M 4.55% Guaranteed Notes due 2029    
Consolidated debt obligations    
Long-term debt, gross $ 250,000 250,000
Effective interest rate 4.60%  
Unsecured Debt | Indenture IA (Preferred Trust I)    
Consolidated debt obligations    
Long-term debt, gross $ 27,062 27,062
Unsecured Debt | Indenture IB (Preferred Trust I) - Swapped to fixed    
Consolidated debt obligations    
Long-term debt, gross $ 25,774 25,774
Effective interest rate 3.30%  
Unsecured Debt | Indenture II (Preferred Trust II) - Swapped to fixed    
Consolidated debt obligations    
Long-term debt, gross $ 25,774 25,774
Effective interest rate 3.09%  
LIBOR | Unsecured Debt | $600 million Unsecured Credit Facility    
Consolidated debt obligations    
Spread on variable rate 1.10%  
LIBOR | Unsecured Debt | Indenture IA (Preferred Trust I)    
Consolidated debt obligations    
Spread on variable rate 1.25%  
Two Logan Square | Secured Debt    
Consolidated debt obligations    
Long-term debt, gross $ 81,535 82,805
Effective interest rate 3.98%  
Four Tower Bridge | Secured Debt    
Consolidated debt obligations    
Long-term debt, gross $ 9,351 9,526
Effective interest rate 4.50%  
One Commerce Square | Secured Debt    
Consolidated debt obligations    
Long-term debt, gross $ 117,486 120,183
Effective interest rate 3.64%  
Two Commerce Square | Secured Debt    
Consolidated debt obligations    
Long-term debt, gross $ 108,991 $ 110,518
Effective interest rate 4.51%