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Debt
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Debt
Debt
 
The Company does not have indebtedness as debt is incurred by the Operating Partnership.  The Company guarantees the Operating Partnership’s unsecured debt including the revolving credit facilities for the full term of such debt.

Debt consists of the following ($ in thousands):
 
March 31, 2016
 
December 31, 2015
 
Weighted Average
Maturity
In Years
Unsecured bonds private placement - fixed rate
$
314,003

 
$
463,891

 
4.4
Term loan - variable rate
224,551

 
224,467

 
0.7
Bonds public offering - fixed rate
2,397,909

 
2,400,322

 
6.5
Unsecured debt, net (1)
2,936,463

 
3,088,680

 
 
Lines of credit, net (2)
164,282

 
11,707

 

Mortgage notes payable, net (3)
2,252,057

 
2,215,077

 
5.6
Total debt, net
$
5,352,802

 
$
5,315,464

 
 
Weighted average interest rate on fixed rate unsecured and unsecured private placement bonds
3.6
%
 
3.6
%
 
 
Weighted average interest rate on variable rate term loan
2.4
%
 
2.4
%
 
 
Weighted average interest rate on lines of credit
1.8
%
 
1.9
%
 
 
Weighted average interest rate on mortgage notes payable
4.4
%
 
4.4
%
 
 

(1) Includes unamortized premium and discounts of $11.3 million and $14.3 million and reduced by unamortized debt issuance costs of $14.8 million and $15.6 million, as of March 31, 2016 and December 31, 2015, respectively.
(2) Lines of credit, net, includes unamortized debt issuance costs of $4.1 million and $3.3 million as of March 31, 2016 and December 31, 2015.
(3) Includes unamortized premium of $64.5 million and $64.8 million and reduced by unamortized debt issuance costs of $8.1 million and $8.0 million, as of March 31, 2016 and December 31, 2015, respectively.

The aggregate scheduled principal payments of the Company’s outstanding debt as of March 31, 2016 are as follows (excluding lines of credit) (in thousands):
Remaining in 2016
$
222,803

2017
564,851

2018
321,328

2019
661,954

2020
693,868

Thereafter
2,670,852

 
$
5,135,656