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Indebtedness (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Information Regarding Indebtedness
The following table discloses certain information regarding our indebtedness:
 
Outstanding Balance at
 
Interest
Rate at
June 30, 2013
 
Effective
Interest
Rate at Issuance
 
Maturity Date
 
June 30,
2013
 
December 31,
2012
Mortgage Loans Payable, Net
$
631,880

 
$
656,329

 
4.03% – 8.26%

 
4.03% – 8.26%

 
January 2014- September 2022
Unamortized Premiums
(141
)
 
(161
)
 
 
 
 
 
 
Mortgage Loans Payable, Gross
$
631,739

 
$
656,168

 
 
 
 
 
 
Senior Unsecured Notes, Net
 
 
 
 
 
 
 
 
 
2016 Notes
$
159,538

 
$
159,510

 
5.750
%
 
5.91
%
 
1/15/2016
2017 Notes
55,388

 
55,385

 
7.500
%
 
7.52
%
 
12/1/2017
2027 Notes
6,066

 
6,066

 
7.150
%
 
7.11
%
 
5/15/2027
2028 Notes
32,257

 
55,261

 
7.600
%
 
8.13
%
 
7/15/2028
2032 Notes
10,511

 
11,500

 
7.750
%
 
7.87
%
 
4/15/2032
2014 Notes
80,401

 
79,683

 
6.420
%
 
6.54
%
 
6/1/2014
2017 II Notes
101,764

 
106,745

 
5.950
%
 
6.37
%
 
5/15/2017
Subtotal
$
445,925

 
$
474,150

 
 
 
 
 
 
Unamortized Discounts
1,776

 
2,570

 
 
 
 
 
 
Senior Unsecured Notes, Gross
$
447,701

 
$
476,720

 
 
 
 
 
 
Unsecured Credit Facility
$
108,000

 
$
98,000

 
1.893
%
 
1.893
%
 
12/12/2014
Senior Unsecured Notes Repurchases
During the six months ended June 30, 2013, we repurchased and retired the following senior unsecured notes prior to maturity:
 
Principal
Amount
Repurchased
 
Purchase
Price
2017 II Notes
$
5,000

 
$
5,300

2028 Notes
23,019

 
26,125

2032 Notes
1,000

 
1,163

 
$
29,019

 
$
32,588

Schedule of Maturities of Long-term Debt
The following is a schedule of the stated maturities and scheduled principal payments as of June 30, 2013 of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:
 
Amount
Remainder of 2013
$
6,157

2014
241,771

2015
35,264

2016
288,953

2017
167,213

Thereafter
448,082

Total
$
1,187,440

Summary of Indebtedness At Estimated Fair Value
At June 30, 2013 and December 31, 2012, the fair values of our indebtedness were as follows:
 
June 30, 2013
 
December 31, 2012
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Mortgage Loans Payable, Net
$
631,880

 
$
648,411

 
$
656,329

 
$
699,903

Senior Unsecured Notes, Net
445,925

 
481,764

 
474,150

 
516,943

Unsecured Credit Facility
108,000

 
108,400

 
98,000

 
98,192

Total
$
1,185,805

 
$
1,238,575

 
$
1,228,479

 
$
1,315,038