XML 69 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1
Mortgages and Notes Payable (Details)
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
numberOfBuildings
Dec. 31, 2019
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 3,213,206,000 $ 3,197,215,000    
Less-unamortized debt issuance costs (17,739,000) (16,393,000)    
Scheduled future principal payments [Abstract]        
2024 6,944,000      
2025 27,156,000      
2026 206,922,000      
2027 458,976,000      
2028 699,168,000      
Thereafter 1,831,779,000      
Less-unamortized debt issuance costs (17,739,000) (16,393,000)    
Mortgages and notes payable, net 3,213,206,000 3,197,215,000    
Gains/(losses) on debt extinguishment $ (602,000) 0 $ (286,000)  
Lender covenant compliance to accelerate outstanding borrowings 51.00%      
Cross-default minimum threshold $ 35,000,000      
Holders covenant compliance of bonds 25.00%      
Uncured covenant compliance default period 60 days      
Maximum liquidity requirements 1 year      
Capitalized Interest [Abstract]        
Capitalized Interest $ 9,000,000 4,000,000 $ 9,600,000  
Variable Interest Entity, Primary Beneficiary [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 44,192,000 0    
Percentage of equity interest in consolidated affiliates       80.00%
Effective interest rate (in hundredths) 7.29%      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net $ 44,192,000 0    
Principal amount of debt 45,000,000      
Debt issuance costs $ 800,000      
Term of debt instrument (in years) 5 years      
Floating to Fixed Interest Rate Swaps (2017) [Member]        
Scheduled future principal payments [Abstract]        
Amount of borrowings outstanding, subject to swaps $ 50,000,000      
Underlying treasury rate term (in years) 1 month      
Weighted average interest rate under derivative instruments (in hundredths) 1.693%      
2023 Forward Starting Swaps [Member]        
Scheduled future principal payments [Abstract]        
Amount of borrowings outstanding, subject to swaps $ 200,000,000      
Underlying treasury rate term (in years) 10 years      
Weighted average interest rate under derivative instruments (in hundredths) 4.498%      
Gain on forward starting interest rate swaps $ (500,000)      
5.69% Mortgage Loan due 2028 [Member]        
Debt Instrument [Line Items]        
Effective interest rate (in hundredths) 5.69%      
Scheduled future principal payments [Abstract]        
Principal amount of debt $ 200,000,000      
Debt issuance costs $ 1,300,000      
Term of debt instrument (in years) 5 years      
3.625% (3.752% effective rate) Notes due 2023 [Member]        
Scheduled future principal payments [Abstract]        
Principal amount of debt   $ 250,000,000    
Stated interest rate (in hundredths)   3.625%    
7.650% (7.836% effective rate) Notes due 2034 [Member]        
Debt Instrument [Line Items]        
Effective interest rate (in hundredths) 7.836%      
Scheduled future principal payments [Abstract]        
Principal amount of debt $ 350,000,000      
Stated interest rate (in hundredths) 7.65%      
Original issuance discount $ 4,600,000      
Debt issuance costs 3,200,000      
Gains/(losses) on debt extinguishment (600,000)      
Variable Rate Term Loan due 2026 [Member]        
Scheduled future principal payments [Abstract]        
Principal amount of debt   $ 200,000,000    
Variable Rate Term Loan due 2027 [Member]        
Scheduled future principal payments [Abstract]        
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.025%    
Principal amount of debt   $ 150,000,000    
Debt issuance costs   $ 2,700,000    
Variable Rate Term Loan due 2027 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Scheduled future principal payments [Abstract]        
Interest rate   SOFR    
Interest rate, basis spread (in hundredths)   0.95%    
Variable Rate Term Loan due 2027 [Member] | SOFR Related Spread Adjustment [Member]        
Scheduled future principal payments [Abstract]        
Interest rate, basis spread (in hundredths)   0.10%    
Variable Rate Term Loan due 2024 [Member]        
Scheduled future principal payments [Abstract]        
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.01%    
Principal amount of debt   $ 200,000,000    
Term of debt instrument (in years)   2 years    
Variable Rate Term Loan due 2024 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Scheduled future principal payments [Abstract]        
Interest rate   SOFR    
Interest rate, basis spread (in hundredths)   0.95%    
Variable Rate Term Loan due 2024 [Member] | SOFR Related Spread Adjustment [Member]        
Scheduled future principal payments [Abstract]        
Interest rate, basis spread (in hundredths)   0.10%    
Revolving Credit Facility [Member]        
Scheduled future principal payments [Abstract]        
Maximum borrowing capacity on revolving credit facility $ 750,000,000      
Annual facility fee (in hundredths) 0.20%      
Temporary reduction in interest rate due to sustainability goals (in hundredths) 0.01%      
Amount outstanding on revolving credit facility $ 20,000,000      
Outstanding letters of credit on revolving credit facility 900,000      
Unused borrowing capacity on revolving credit facility $ 729,100,000      
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Scheduled future principal payments [Abstract]        
Interest rate SOFR      
Interest rate, basis spread (in hundredths) 0.85%      
Revolving Credit Facility [Member] | SOFR Related Spread Adjustment [Member]        
Scheduled future principal payments [Abstract]        
Interest rate, basis spread (in hundredths) 0.10%      
PAC Portfolio Acquisition [Member]        
Debt Instrument [Line Items]        
Effective interest rate (in hundredths)     3.54%  
Scheduled future principal payments [Abstract]        
Principal amount of debt     $ 403,000,000  
Debt issuance costs     $ 3,500,000  
Term of debt instrument (in years)     10 years 8 months 12 days  
Number of loans assumed in acquisition | numberOfBuildings     4  
Unsecured Bridge Facility Due 2022 [Member]        
Scheduled future principal payments [Abstract]        
Maximum borrowing capacity on revolving credit facility     $ 200,000,000  
Interest rate, basis spread (in hundredths)     0.85%  
Annual facility fee (in hundredths)     0.20%  
Debt issuance costs     $ 1,000,000  
Gains/(losses) on debt extinguishment     $ (200,000)  
Term of debt instrument (in years)     6 months  
3.20% (3.363% effective rate) Notes due 2021 [Member]        
Scheduled future principal payments [Abstract]        
Principal amount of debt     $ 150,000,000  
Stated interest rate (in hundredths)     3.20%  
Gains/(losses) on debt extinguishment     $ (100,000)  
Carrying Amount of Notes, Total        
Scheduled future principal payments [Abstract]        
Principal amount of debt $ 2,140,200,000      
Secured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 720,752,000 $ 483,988,000    
Aggregate undepreciated book value of secured real estate assets 1,237,600,000      
Annual repayments through principal amortization 6,700,000      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 720,752,000 483,988,000    
Secured indebtedness [Member] | 5.69% Mortgage Loan due 2028 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 200,000,000 0    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 200,000,000 0    
Secured indebtedness [Member] | 7.29% Mortgage Loan due 2028 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 45,000,000 0    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 45,000,000 0    
Secured indebtedness [Member] | 4.27% (3.61% effective rate) mortgage loan due 2028 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 110,391,000 113,105,000    
Unamortized premium 2,700,000 3,300,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 110,391,000 113,105,000    
Secured indebtedness [Member] | 4.0% Mortgage Loan Due 2029 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 87,003,000 89,204,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 87,003,000 89,204,000    
Secured indebtedness [Member] | 3.61% (3.19% effective rate) mortgage loan due 2029 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 84,360,000 84,666,000    
Unamortized premium 1,700,000 2,000,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 84,360,000 84,666,000    
Secured indebtedness [Member] | 3.40% (3.50% effective rate) mortgage loan due 2033 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 69,524,000 69,473,000    
Unamortized discount 500,000 500,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 69,524,000 69,473,000    
Secured indebtedness [Member] | 4.60% (3.73% effective rate) mortgage loan due 2037 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 124,474,000 127,540,000    
Unamortized premium 8,600,000 9,300,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 124,474,000 127,540,000    
Unsecured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 2,510,193,000 2,729,620,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 2,510,193,000 2,729,620,000    
Unsecured indebtedness [Member] | 3.875% (4.038% effective rate) Notes due 2027 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 298,734,000 298,334,000    
Unamortized discount 1,300,000 1,700,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 298,734,000 298,334,000    
Unsecured indebtedness [Member] | 4.125% (4.271% effective rate) Notes due 2028 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 348,276,000 347,863,000    
Unamortized discount 1,700,000 2,100,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 348,276,000 347,863,000    
Unsecured indebtedness [Member] | 4.20% (4.234% effective rate) Notes due 2029 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 349,484,000 349,386,000    
Unamortized discount 500,000 600,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 349,484,000 349,386,000    
Unsecured indebtedness [Member] | 3.050% (3.079% effective rate) Notes due 2030 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 399,400,000 399,302,000    
Unamortized discount 600,000 700,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 399,400,000 399,302,000    
Unsecured indebtedness [Member] | 2.600% (2.645% effective rate) Notes due 2031 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 398,892,000 398,735,000    
Unamortized discount 1,100,000 1,300,000    
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 398,892,000 398,735,000    
Unsecured indebtedness [Member] | 7.650% (7.836% effective rate) Notes due 2034 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net 345,407,000 0    
Unamortized discount 4,600,000      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net 345,407,000 0    
Unsecured indebtedness [Member] | Variable Rate Term Loan due 2026 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 200,000,000 200,000,000    
Effective interest rate (in hundredths) 6.35%      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net $ 200,000,000 200,000,000    
Unsecured indebtedness [Member] | Variable Rate Term Loan due 2027 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 150,000,000 150,000,000    
Effective interest rate (in hundredths) 6.35%      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net $ 150,000,000 150,000,000    
Unsecured indebtedness [Member] | Variable Rate Term Loan due 2024 [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 0 200,000,000    
Effective interest rate (in hundredths) 6.35%      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net $ 0 200,000,000    
Unsecured indebtedness [Member] | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable, net $ 20,000,000 386,000,000    
Effective interest rate (in hundredths) 6.25%      
Scheduled future principal payments [Abstract]        
Mortgages and notes payable, net $ 20,000,000 $ 386,000,000