Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule Of Debt

Our debt consists of the following (in thousands):

	June 30,		December 31,
	2021		2020
Debt payable, net to 2038 (1)	$	1,707,677	$	1,723,073
Unsecured notes payable under credit facilities		4,002		40,000
Debt service guaranty liability		53,650		53,650
Finance lease obligation		21,633		21,696
Total	$	1,786,962	$	1,838,419

(1) At both June 30, 2021 and December 31, 2020, 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

The allocation of total debt between fixed and variable-rate as well as between secured and unsecured is summarized below (in thousands):

	June 30,		December 31,
	2021		2020
As to interest rate (including the effects of interest rate contracts):
Fixed-rate debt	$	1,782,960	$	1,798,419
Variable-rate debt		4,002		40,000
Total	$	1,786,962	$	1,838,419
As to collateralization:
Unsecured debt	$	1,453,858	$	1,488,909
Secured debt		333,104		349,510
Total	$	1,786,962	$	1,838,419

Schedule Of Credit Facilities

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

	June 30,			December 31,
	2021			2020
Unsecured revolving credit facility:
Balance outstanding	$	—		$	40,000
Available balance		498,068			458,068
Letters of credit outstanding under facility		1,932			1,932
Variable interest rate (excluding facility fee)		—	%		0.94	%
Unsecured short-term facility:
Balance outstanding	$	4,002		$	—
Variable interest rate (excluding facility fee)		1.38	%		—	%
Both facilities:
Maximum balance outstanding during the period	$	40,000		$	497,000
Weighted average balance		2,725			74,311
Year-to-date weighted average interest rate (excluding facility fee)		0.94	%		1.0	%

Principal Payments Of Debt

Scheduled principal payments on our debt (excluding $4.0 million unsecured notes payable under our revolving credit facilities, $21.6 million of a finance lease obligation, $(2.7) million net premium/(discount) on debt, $(3.9) million of deferred debt costs, $4.9 million of non-cash debt-related items, and $53.7 million debt service guaranty liability) are due during the following years (in thousands):

2021 remaining	$	2,799
2022		308,298
2023		348,207
2024		252,561
2025		294,232
2026		277,733
2027		53,604
2028		92,159
2029		70,304
2030		950
Thereafter		8,569
Total	$	1,709,416