Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule Of Debt

Our debt consists of the following (in thousands):

	March 31,		December 31,
	2020		2019
Debt payable, net to 2038 (1)	$	1,653,036	$	1,653,154
Unsecured notes payable under credit facilities		497,000		—
Debt service guaranty liability		57,380		57,380
Finance lease obligation		21,777		21,804
Total	$	2,229,193	$	1,732,338

(1) At both March 31, 2020 and December 31, 2019, interest rates ranged from 3.3% to 7.0% at a weighted average rate of 3.9%.

Grouping Of Debt Between Fixed And Variable As Well As Secured And Unsecured

	March 31,		December 31,
	2020		2019
As to interest rate (including the effects of interest rate contracts):
Fixed-rate debt	$	1,732,193	$	1,714,890
Variable-rate debt		497,000		17,448
Total	$	2,229,193	$	1,732,338
As to collateralization:
Unsecured debt	$	1,948,229	$	1,450,762
Secured debt		280,964		281,576
Total	$	2,229,193	$	1,732,338

Schedule Of Credit Facilities

The following table discloses certain information regarding our unsecured notes payable under our credit facilities (in thousands, except percentages):

	March 31,			December 31,
	2020			2019
Unsecured revolving credit facility:
Balance outstanding	$	497,000		$	—
Available balance		946			497,946
Letters of credit outstanding under facility		2,054			2,054
Variable interest rate (excluding facility fee)		0.97	%		—	%
Unsecured short-term facility:
Balance outstanding	$	—		$	—
Variable interest rate (excluding facility fee)		—	%		—	%
Both facilities:
Maximum balance outstanding during the period	$	497,000		$	5,000
Weighted average balance		50,308			123
Year-to-date weighted average interest rate (excluding facility fee)		1.46	%		3.3	%

Principal Payments Of Debt

Scheduled principal payments on our debt (excluding $497 million outstanding under our revolving credit facility, $21.8 million of a finance lease obligation, $(3.7) million net premium/(discount) on debt, $(5.4) million of deferred debt costs, $1.9 million of non-cash debt-related items, and $57.4 million debt service guaranty liability) are due during the following years (in thousands):

2020 remaining	$	4,227
2021		18,795
2022		308,298
2023		348,207
2024		252,561
2025		294,232
2026		277,733
2027		53,604
2028		92,159
2029		917
Thereafter		9,518
Total	$	1,660,251