Debt And Lines Of Credit (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of debt and lines of credit [Table Text Block]

The following table sets forth certain information regarding debt including premiums, discounts, and deferred financing costs (in thousands):



	Carrying Amount				Weighted Average Years to Maturity		Weighted Average Interest Rates
	December 31, 2019		December 31, 2018		December 31, 2019	December 31, 2018	December 31, 2019		December 31, 2018
Collateralized term loans - Life Companies	$	1,710,408	$	1,259,158	17.1	14.4	4.0	%	3.9	%
Collateralized term loans - FNMA	697,589		770,417		7.0	5.1	3.7	%	4.4	%
Collateralized term loans - CMBS	397,868		405,702		3.1	4.1	5.1	%	5.1	%
Collateralized term loans - FMCC	374,727		380,680		4.9	5.9	3.9	%	3.9	%
Secured borrowings	—		107,731		0.0	14.4	—	%	9.9	%
Preferred equity - Sun NG Resorts - mandatorily redeemable	35,249		35,277		2.8	3.8	6.0	%	6.0	%
Preferred OP units - mandatorily redeemable	34,663		37,338		4.0	4.7	6.5	%	6.6	%
Lines of credit	183,898		128,000		3.5	2.3	2.7	%	3.8	%
Total debt	$	3,434,402	$	3,124,303	11.1	9.0	4.0	%	4.5	%



Three months ended	Loan amount (in millions)			Term (in years)	Interest rate		Maturity date
December 31, 2019	$	400.0	⁽¹⁾	21	4.026	%	December 15, 2039 December 15, 2041
September 30, 2019	$	250.0		10	2.925	%	October 1, 2029
March 31, 2019	$	265.0		25	4.170	%	January 15, 2044
December 31, 2018	$	21.7		20	4.100	%	August 15, 2038
September 30, 2018	$	228.0		20	4.100	%	August 15, 2038

Schedule of Extinguishment of Debt [Table Text Block]



Three months ended	Repayment amount (in millions)			Fixed Interest rate			Maturity date	(Gain) / loss on extinguishment of debt (in millions)			Encumbered communities released
December 31, 2019	$	17.0		5.62	%		March 1, 2020	$	—		—
	$	127.3		5.10	%		November 1, 2021	$	3.2		—
	$	21.5	⁽¹⁾	6.24	%	⁽⁴⁾	March 1, 2020 April 1, 2020	$	(0.2	)	3
September 30, 2019	$	134.0		4.3	%		May 1, 2023	$	12.8		—
March 31, 2019	$	186.8		3.83	%		January 1, 2030	$	0.7		—
December 31, 2018	$	10.2		5.66	%		February 28, 2019	$	—		—
September 30, 2018	$	30.5		6.34	%		March 1, 2019	$	0.9		1
June 30, 2018⁽²⁾	$	177.7		4.53	%	⁽⁴⁾	August 1, 2018 May 1, 2023	$	1.5		11
March 31, 2018⁽³⁾	$	24.4		6.36	%	⁽⁴⁾	March 1, 2019	$	0.2		3

Maturities and Amortization of debt and lines of credit [Table Text Block]

As of December 31, 2019, the total of maturities and amortization of our debt (excluding premiums and discounts) and lines of credit during the next five years were as follows (in thousands):



	Maturities and Amortization By Year
	Total Due		2020		2021		2022		2023		2024		Thereafter
Mortgage loans payable
Maturities	$	2,161,615	$	19,796	$	148,378	$	82,155	$	185,618	$	315,331	$	1,410,337
Principal amortization	1,026,857		60,723		60,873		61,326		60,604		57,082		726,249
Preferred Equity - Sun NG Resorts - mandatorily redeemable	35,249		—		—		35,249		—		—		—
Preferred OP units - mandatorily redeemable	34,663		—		—		—		—		34,663		—
Lines of credit	183,898		10,000		13,293		10,000		150,605		—		—
Total	$	3,442,282	$	90,519	$	222,544	$	188,730	$	396,827	$	407,076	$	2,136,586