Indebtedness (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Information Regarding Indebtedness

The following table discloses certain information regarding our indebtedness:

	Outstanding Balance at						Interest Rate at March 31, 2014	Effective Interest Rate at Issuance	Maturity Date
	March 31, 2014			December 31, 2013
Mortgage Loans Payable, Net	$	577,453		$	580,215		4.03% – 8.26%	4.03% – 8.26%	October 2014 – September 2022
Unamortized Premiums	(109		)	(115		)
Mortgage Loans Payable, Gross	$	577,344		$	580,100
Senior Unsecured Notes, Net
2016 Notes	$	159,580		$	159,566		5.750%	5.91%	1/15/2016
2017 Notes	54,962			54,960			7.500%	7.52%	12/1/2017
2027 Notes	6,066			6,066			7.150%	7.11%	5/15/2027
2028 Notes	31,883			31,883			7.600%	8.13%	7/15/2028
2032 Notes	10,514			10,514			7.750%	7.87%	4/15/2032
2014 Notes	81,536			81,149			6.420%	6.54%	6/1/2014
2017 II Notes	101,785			101,778			5.950%	6.37%	5/15/2017
Subtotal	$	446,326		$	445,916
Unamortized Discounts	570			980
Senior Unsecured Notes, Gross	$	446,896		$	446,896
Unsecured Term Loan	$	200,000		N/A			1.905%	1.905%	1/29/2021
Unsecured Credit Facility*	$	52,000		$	173,000		1.654%	1.654%	9/29/2017

* The maturity date may be extended an additional year at our election, subject to certain restrictions.

Schedule of Maturities of Long-term Debt

The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending March 31, and thereafter:

	Amount
Remainder of 2014	$	108,763
2015	34,726
2016	266,262
2017	218,783
2018	126,951
Thereafter	520,755
Total	$	1,276,240

Summary of Indebtedness at Estimated Fair Value

At March 31, 2014 and December 31, 2013, the fair value of our indebtedness was as follows:

	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage Loans Payable, Net	$	577,453	$	606,014	$	580,215	$	585,449
Senior Unsecured Debt, Net	446,326		485,040		445,916		482,781
Unsecured Term Loan	200,000		200,000		N/A		N/A
Unsecured Credit Facility	52,000		52,088		173,000		173,000
Total	$	1,275,779	$	1,343,142	$	1,199,131	$	1,241,230