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Debt And Lines Of Credit (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
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 millions, except for statistical information):

 Carrying AmountWeighted Average
Years to Maturity
Weighted Average
Interest Rates
 December 31, 2022December 31, 2021December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Secured Debt(1)
$3,217.8 $3,380.7 10.210.63.723 %3.779 %
Unsecured Debt
Senior unsecured notes(2)
1,779.6 1,186.4 8.18.52.9 %2.55 %
Line of credit and other debt(3)
2,130.6 1,034.8 2.83.54.417 %0.978 %
Preferred equity - Sun NG Resorts - mandatorily redeemable35.2 35.2 1.82.86.0 %6.0 %
Preferred OP units - mandatorily redeemable34.0 34.7 3.14.15.921 %5.932 %
Total Unsecured Debt3,979.4 2,291.1 
Total Debt$7,197.2 $5,671.8 7.48.83.746 %3.038 %
(1)Balances at December 31, 2022 and 2021 include $0.1 million and $1.7 million of net debt premium, respectively, and $(14.6) million and $(14.7) million of deferred financing costs, respectively.
(2)Balances at December 31, 2022 and 2021 include $(6.1) million and $(3.3) million of net debt discount, respectively, and $(14.3) million and $(10.3) million of deferred financing costs, respectively. Weighted average interest rates include the impact of hedge activity.
(3)Balance at December 31, 2022 and 2021 includes $(3.0) million and $0 of deferred financing costs, respectively. Weighted average interest rates include the impact of hedge activity.
During the year ended December 31, 2021, we did not enter into any mortgage term loans.
PeriodLoan AmountTerm (in years)Interest RateMaturity Date
Three months ended December 31, 2022$226.0 
(1)
4 - 7
4.5 %
June 15, 2026 -
December 15, 2029
Three months ended September 30, 2022$20.6 
(2)(4)
253.65 %
August 10, 2047
$3.4 
(3)(4)
253.65 %
August 10, 2047
(1)Includes 18 existing encumbered properties. Refer to Note 20, "Subsequent Events," for information regarding additional mortgage term loans entered into subsequent to year end.
(2)Represents a construction loan (undrawn as of December 31, 2022).
(3)Represents mortgage term loan.
(4)Represents loans jointly secured by one property.
Schedule of Extinguishment of Debt [Table Text Block] During the years ended December 31, 2022 and 2021, we paid off the following mortgage term loans during the quarters presented below (in millions, except for statistical information):
PeriodRepayment AmountFixed Interest RateMaturity DateLoss on Extinguishment of Debt
Three months ended September 30, 2022$318.0 
(1)
4.81 %December 6, 2022 -
September 6, 2024
$4.0 
Three months ended June 30, 2022$15.8 3.89 %October 1, 2022$— 
Three months ended December 31, 2021$11.6 
(2)
4.3 %February 1, 2022$— 
(1)Includes 17 mortgage term loans which were scheduled to mature from December 6, 2022 to September 6, 2024 that are secured by 35 properties.
(2)Includes two mortgage term loans which were scheduled to mature on February 1, 2022.
Maturities and Amortization of debt and lines of credit [Table Text Block]
As of December 31, 2022, the total of maturities and amortization of our secured debt (excluding premiums and deferred financing costs) and unsecured debt (excluding discounts and deferred financing costs) by year were as follows (in millions):

 Maturities and Amortization By Year
 Total Due20232024202520262027Thereafter
Secured Debt
Mortgage loans payable
Maturities$2,352.9 $117.8 $128.8 $50.6 $573.4 $4.0 $1,478.3 
Principal amortization879.4 55.6 56.4 54.2 46.2 40.5 626.5 
Secured debt total3,232.3 173.4 185.2 104.8 619.6 44.5 2,104.8 
Unsecured Debt
Senior unsecured notes1,800.0 — — — — — 1,800.0 
Line of credit and other debt2,133.6 10.0 9.8 1,058.6 1,055.2 — — 
Preferred equity - Sun NG Resorts - mandatorily redeemable35.2 — 33.4 1.8 — — — 
Preferred OP units - mandatorily redeemable34.0 — 26.7 — — — 7.3 
Total Unsecured Debt4,002.8 10.0 69.9 1,060.4 1,055.2 — 1,807.3 
Total Debt$7,235.1 $183.4 $255.1 $1,165.2 $1,674.8 $44.5 $3,912.1