XML 66 R51.htm IDEA: XBRL DOCUMENT v3.20.2
Debt Obligations - Consolidated Debt Obligations Outstanding (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Consolidated debt obligations    
Plus: premiums/(discounts), net $ 10,651  
Less: deferred financing costs (8,638)  
Outstanding indebtedness 1,919,511 $ 2,144,418
Secured Debt    
Consolidated debt obligations    
Principal balance outstanding 88,888 315,437
Plus: premiums/(discounts), net 25 (1,383)
Less: deferred financing costs 0 (242)
Outstanding indebtedness 88,913 313,812
Secured Debt | Two Logan Square    
Consolidated debt obligations    
Principal balance outstanding $ 79,781 81,103
Effective interest rate 3.98%  
Secured Debt | Four Tower Bridge    
Consolidated debt obligations    
Principal balance outstanding $ 9,107 9,291
Effective interest rate 4.50%  
Secured Debt | One Commerce Square    
Consolidated debt obligations    
Principal balance outstanding $ 0 116,571
Effective interest rate 3.64%  
Secured Debt | Two Commerce Square    
Consolidated debt obligations    
Principal balance outstanding $ 0 108,472
Effective interest rate 4.51%  
Unsecured Debt    
Consolidated debt obligations    
Principal balance outstanding $ 1,828,610 1,828,610
Plus: premiums/(discounts), net 10,626 12,090
Less: deferred financing costs (8,638) (10,094)
Outstanding indebtedness 1,830,598 1,830,606
Unsecured Debt | Seven-Year Term Loan - Swapped to fixed    
Consolidated debt obligations    
Principal balance outstanding $ 250,000 250,000
Effective interest rate 2.87%  
Unsecured Debt | $350.0M 3.95% Guaranteed Notes due 2023    
Consolidated debt obligations    
Principal balance outstanding $ 350,000 350,000
Effective interest rate 3.87%  
Unsecured Debt | $350.0M 4.10% Guaranteed Notes due 2024    
Consolidated debt obligations    
Principal balance outstanding $ 350,000 350,000
Effective interest rate 3.78%  
Unsecured Debt | $450.0M 3.95% Guaranteed Notes due 2027    
Consolidated debt obligations    
Principal balance outstanding $ 450,000 450,000
Effective interest rate 4.03%  
Unsecured Debt | $350.0M 4.55% Guaranteed Notes due 2029    
Consolidated debt obligations    
Principal balance outstanding $ 350,000 350,000
Effective interest rate 4.30%  
Unsecured Debt | Indenture IA (Preferred Trust I)    
Consolidated debt obligations    
Principal balance outstanding $ 27,062 27,062
Unsecured Debt | Indenture IA (Preferred Trust I) | LIBOR    
Consolidated debt obligations    
Spread on variable rate 1.25%  
Unsecured Debt | Indenture IB (Preferred Trust I) - Swapped to fixed    
Consolidated debt obligations    
Principal balance outstanding $ 25,774 25,774
Effective interest rate 3.30%  
Unsecured Debt | Indenture II (Preferred Trust II)    
Consolidated debt obligations    
Principal balance outstanding $ 25,774 $ 25,774
Unsecured Debt | Indenture II (Preferred Trust II) | LIBOR    
Consolidated debt obligations    
Spread on variable rate 1.25%