XML 74 R64.htm IDEA: XBRL DOCUMENT v3.23.2
Debt - Summary of Consolidated Indebtedness (Parenthetical) (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Long-term debt, gross [1],[2] $ 1,774,552 $ 1,805,414
Interest Rate Caps    
Debt Instrument [Line Items]    
Long-term debt, gross 144,300 103,800
Total Debt - Variable Rate Debt Fixed with Interest Rate Swap Agreements    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,251,900 1,264,000
Core Portfolio | Variable Rate Debt    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.53%  
Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 429,544 $ 426,224
Minimum | Core Portfolio | Unsecured Debt    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.57%  
Minimum | Core Portfolio | Unsecured Line of Credit [Member] | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.45%  
Maximum | Core Portfolio | Unsecured Debt    
Debt Instrument [Line Items]    
Basis spread on variable rate 5.20%  
Fund II | Variable Rate Debt | SOFR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3] 2.61% 2.61%
Fund II | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 137,485 $ 133,655
Fund II | Fund Portfolio | Variable Rate Debt | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.61%  
Fund III | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 35,970 35,970
Fund III | Fund Portfolio | Variable Rate Debt | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.35%  
Fund IV    
Debt Instrument [Line Items]    
Long-term debt, gross $ 39,200 39,200
Fund IV | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross [4] $ 146,622 $ 146,230
Fund IV | Fund Portfolio | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.25%  
Fund IV | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3],[4] 2.25%  
Fund IV | Fund Portfolio | Variable Rate Debt | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.65%  
Fund IV | Fund Portfolio | Variable Rate Debt | SOFR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3],[4] 3.65%  
Fund IV | Minimum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3],[4]   2.25%
Fund IV | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3],[4]   3.65%
Fund V | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3]   1.85%
Fund V | Fund Portfolio | Variable Rate Debt | SOFR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3]   2.76%
Fund V | Minimum | Fund Portfolio | Variable Rate Debt | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.61%  
Fund V | Minimum | Fund Portfolio | Variable Rate Debt | SOFR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3] 1.61%  
Fund V | Maximum | Fund Portfolio | Variable Rate Debt | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.76%  
Fund V | Maximum | Fund Portfolio | Variable Rate Debt | SOFR | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate [3] 2.76%  
[1] Includes $1,251.9 million and $1,264.0 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented.
[2] Includes $144.3 million and $103.8 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented.
[3] At June 30, 2023, the stated rates ranged from 4.53% for Core variable-rate debt; SOFR + 2.61% for Fund II variable-rate debt; SOFR + 3.35% for Fund III variable-rate debt; LIBOR + 2.25% to SOFR + 3.65% for Fund IV variable-rate debt; SOFR + 1.61% - SOFR + 2.76% for Fund V variable-rate debt; 3.57% - 5.20% for Core variable-rate unsecured term loans; and SOFR + 1.45% for Core variable-rate unsecured lines of credit.
[4] Includes the outstanding balance on the Fund IV secured bridge facility of $39.2 million at each of June 30, 2023 and December 31, 2022.