Secured and unsecured senior debt Detail of secured and unsecured senior debt (Details) - USD ($) $ in Thousands |
1 Months Ended |
3 Months Ended |
12 Months Ended |
Jan. 31, 2016 |
Oct. 31, 2015 |
Mar. 31, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
$ 3,496,813
|
|
|
Unhedged variable rate |
|
|
|
|
468,982
|
|
|
Principal amount |
|
|
|
|
$ 3,965,795
|
|
|
Effective rate (as a percent) |
|
|
|
|
3.33%
|
|
|
Annual facility fee (as a percent) |
|
|
|
0.20%
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Repayments of Secured Debt |
|
|
|
|
$ 89,815
|
$ 231,051
|
$ 36,219
|
Balloon payments |
|
|
|
|
3,934,846
|
|
|
Principal amortization |
|
|
|
|
30,949
|
|
|
2016 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
166,465
|
|
|
Unhedged variable rate |
|
|
|
|
68,397
|
|
|
Principal amount |
|
|
|
|
234,862
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
229,795
|
|
|
Principal amortization |
|
|
|
|
5,067
|
|
|
2017 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
3,521
|
|
|
Unhedged variable rate |
|
|
|
|
239,893
|
|
|
Principal amount |
|
|
|
|
243,414
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
239,893
|
|
|
Principal amortization |
|
|
|
|
3,521
|
|
|
2018 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
4,833
|
|
|
Unhedged variable rate |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
4,833
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
0
|
|
|
Principal amortization |
|
|
|
|
4,833
|
|
|
2019 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
705,474
|
|
|
Unhedged variable rate |
|
|
|
|
160,692
|
|
|
Principal amount |
|
|
|
|
866,166
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
860,692
|
|
|
Principal amortization |
|
|
|
|
5,474
|
|
|
2020 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
507,975
|
|
|
Unhedged variable rate |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
507,975
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
503,979
|
|
|
Principal amortization |
|
|
|
|
3,996
|
|
|
Thereafter |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
2,108,545
|
|
|
Unhedged variable rate |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
2,108,545
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Balloon payments |
|
|
|
|
2,100,487
|
|
|
Principal amortization |
|
|
|
|
8,058
|
|
|
Construction Loans |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Principal amount |
|
|
|
|
341,981
|
|
|
Secured notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
400,235
|
|
|
Unhedged variable rate |
|
|
|
|
417,982
|
|
|
Principal amount |
|
|
|
|
$ 818,217
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
3.92%
|
|
|
Effective rate (as a percent) |
|
|
5.73%
|
|
3.84%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 235,290
|
|
|
2017 |
|
|
|
|
243,858
|
|
|
2018 |
|
|
|
|
5,294
|
|
|
2019 |
|
|
|
|
115,645
|
|
|
2020 |
|
|
|
|
108,314
|
|
|
Thereafter |
|
|
|
|
$ 109,816
|
|
|
Repayments of Secured Debt |
|
|
$ 76,000
|
|
|
|
|
CMBS maturing on 4/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
5.82%
|
|
|
Effective rate (as a percent) |
|
|
|
|
5.82%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 29,471
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 29,471
|
|
|
CMBS maturing on 1/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
5.74%
|
|
|
Effective rate (as a percent) |
|
|
|
|
3.00%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 6,916
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 6,916
|
|
|
Secured notes payable maturing on 06/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.83%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 20,800
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 20,800
|
|
|
Secured notes payable maturing on 7/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.93%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 47,596
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 47,596
|
|
|
CMBS maturing on 8/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
6.35%
|
|
|
Effective rate (as a percent) |
|
|
|
|
6.35%
|
|
|
Maturity date |
|
|
|
|
Aug. 01, 2016
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 126,715
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 126,715
|
|
|
Secured notes payable maturing on 1/20/17 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
2.42%
|
|
|
Effective rate (as a percent) |
|
|
|
|
2.42%
|
|
|
Maturity date |
|
|
|
|
Jan. 20, 2017
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
76,000
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 76,000
|
|
|
Secured notes payable maturing on 8/23/17 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.77%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
163,893
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 163,893
|
|
|
Secured notes payable maturing on 1/28/19 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.83%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
109,692
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 109,692
|
|
|
Secured notes payable maturing on 4/1/20 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
7.75%
|
|
|
Effective rate (as a percent) |
|
|
|
|
7.75%
|
|
|
Maturity date |
|
|
|
|
Apr. 01, 2020
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 1,696
|
|
|
2017 |
|
|
|
|
1,832
|
|
|
2018 |
|
|
|
|
1,979
|
|
|
2019 |
|
|
|
|
2,138
|
|
|
2020 |
|
|
|
|
104,352
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 111,997
|
|
|
Secured notes payable maturing on 1/1/23 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
4.66%
|
|
|
Effective rate (as a percent) |
|
|
|
|
4.66%
|
|
|
Maturity date |
|
|
|
|
Jan. 01, 2023
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 1,466
|
|
|
2017 |
|
|
|
|
1,540
|
|
|
2018 |
|
|
|
|
1,614
|
|
|
2019 |
|
|
|
|
1,692
|
|
|
2020 |
|
|
|
|
1,770
|
|
|
Thereafter |
|
|
|
|
29,904
|
|
|
Principal amount |
|
|
|
|
$ 37,986
|
|
|
Secured notes payable maturing on 3/10/23 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
3.93%
|
|
|
Effective rate (as a percent) |
|
|
|
|
3.10%
|
|
|
Maturity date |
|
|
|
|
Mar. 10, 2023
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
1,091
|
|
|
2019 |
|
|
|
|
1,505
|
|
|
2020 |
|
|
|
|
1,566
|
|
|
Thereafter |
|
|
|
|
77,838
|
|
|
Principal amount |
|
|
|
|
$ 82,000
|
|
|
Secured notes payable maturing on 7/1/36 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
6.50%
|
|
|
Effective rate (as a percent) |
|
|
|
|
6.50%
|
|
|
Maturity date |
|
|
|
|
Jul. 01, 2036
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 20
|
|
|
2017 |
|
|
|
|
20
|
|
|
2018 |
|
|
|
|
22
|
|
|
2019 |
|
|
|
|
23
|
|
|
2020 |
|
|
|
|
25
|
|
|
Thereafter |
|
|
|
|
703
|
|
|
Principal amount |
|
|
|
|
813
|
|
|
Unamortized Premiums |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
4,338
|
|
|
Unamortized Premiums | 2016 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
610
|
|
|
Unamortized Premiums | 2017 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
573
|
|
|
Unamortized Premiums | 2018 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
588
|
|
|
Unamortized Premiums | 2019 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
595
|
|
|
Unamortized Premiums | 2020 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
601
|
|
|
Unamortized Premiums | Thereafter |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Premium |
|
|
|
|
1,371
|
|
|
Unsecured Debt |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Principal amount |
|
|
|
|
$ 3,147,578
|
|
|
Effective rate (as a percent) |
|
|
|
|
3.20%
|
|
|
Unsecured Debt | 2016 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ (428)
|
|
|
Unsecured Debt | 2017 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2017 |
|
|
|
|
(444)
|
|
|
Unsecured Debt | 2018 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2018 |
|
|
|
|
(461)
|
|
|
Unsecured Debt | 2019 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2019 |
|
|
|
|
750,521
|
|
|
Unsecured Debt | 2020 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2020 |
|
|
|
|
399,661
|
|
|
Unsecured Debt | Thereafter |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Thereafter |
|
|
|
|
1,998,729
|
|
|
Line of Credit |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
100,000
|
|
|
Unhedged variable rate |
|
|
|
|
51,000
|
|
|
Principal amount |
|
|
|
|
$ 151,000
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.62%
|
|
|
Maturity date |
|
|
|
|
Jan. 03, 2019
|
|
|
Annual facility fee (as a percent) |
|
|
|
|
0.20%
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
151,000
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
151,000
|
|
|
2019 Unsecured Senior Bank Term Loan |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
600,000
|
|
|
Unhedged variable rate |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 600,000
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.71%
|
|
|
Maturity date |
|
|
|
|
Jan. 03, 2019
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
600,000
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
600,000
|
|
|
2021 Unsecured Senior Bank Term Loan |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Fixed rate/hedged variable rate |
|
|
|
|
350,000
|
|
|
Unhedged variable rate |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 350,000
|
|
|
Effective rate (as a percent) |
|
|
|
|
1.52%
|
|
|
Maturity date |
|
|
|
|
Jan. 15, 2021
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
350,000
|
|
|
Principal amount |
|
|
|
|
$ 350,000
|
|
|
2.75% unsecured senior notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
2.75%
|
|
|
Effective rate (as a percent) |
|
|
|
|
2.79%
|
|
|
Maturity date |
|
|
|
|
Jan. 15, 2020
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
400,000
|
|
|
Thereafter |
|
|
|
|
0
|
|
|
Principal amount |
|
|
|
|
$ 400,000
|
|
|
4.60% unsecured senior notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
4.60%
|
|
|
Effective rate (as a percent) |
|
|
|
|
4.61%
|
|
|
Maturity date |
|
|
|
|
Apr. 01, 2022
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
550,000
|
|
|
Principal amount |
|
|
|
|
$ 550,000
|
|
|
3.90% unsecured senior notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
3.90%
|
|
|
Effective rate (as a percent) |
|
|
|
|
3.94%
|
|
|
Maturity date |
|
|
|
|
Jun. 15, 2023
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
500,000
|
|
|
Principal amount |
|
|
|
|
$ 500,000
|
|
|
4.30% unsecured senior notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
4.30%
|
|
|
Effective rate (as a percent) |
|
|
|
|
4.35%
|
|
|
Maturity date |
|
|
|
|
Jan. 15, 2026
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
300,000
|
|
|
Principal amount |
|
|
|
|
$ 300,000
|
|
|
4.50% unsecured senior notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Stated interest rate (as a percent) |
|
|
|
|
4.50%
|
|
|
Effective rate (as a percent) |
|
|
|
|
4.51%
|
|
|
Maturity date |
|
|
|
|
Jul. 30, 2029
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
2016 |
|
|
|
|
$ 0
|
|
|
2017 |
|
|
|
|
0
|
|
|
2018 |
|
|
|
|
0
|
|
|
2019 |
|
|
|
|
0
|
|
|
2020 |
|
|
|
|
0
|
|
|
Thereafter |
|
|
|
|
300,000
|
|
|
Principal amount |
|
|
|
|
300,000
|
|
|
Unamortized Discounts |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(3,422)
|
|
|
Unamortized Discounts | 2016 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(428)
|
|
|
Unamortized Discounts | 2017 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(444)
|
|
|
Unamortized Discounts | 2018 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(461)
|
|
|
Unamortized Discounts | 2019 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(479)
|
|
|
Unamortized Discounts | 2020 |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
(339)
|
|
|
Unamortized Discounts | Thereafter |
|
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Unamortized Discount |
|
|
|
|
$ (1,271)
|
|
|
LIBOR | Secured notes payable maturing on 06/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.40%
|
|
|
LIBOR | Secured notes payable maturing on 7/1/16 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.50%
|
|
|
LIBOR | Secured notes payable maturing on 8/23/17 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.35%
|
|
|
LIBOR | Secured notes payable maturing on 1/28/19 |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.50%
|
|
|
LIBOR | Line of Credit |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
[1] |
|
|
|
1.10%
|
|
|
LIBOR | 2019 Unsecured Senior Bank Term Loan |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.20%
|
|
|
LIBOR | 2021 Unsecured Senior Bank Term Loan |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Basis spread on LIBOR (as a percent) |
|
|
|
|
1.10%
|
|
|
Secured notes payable maturing on 1/28/19 | Greater Boston | Construction Loans |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Maturity date |
|
|
|
|
Jan. 28, 2019
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Principal amount |
|
|
|
|
$ 109,692
|
|
|
Secured notes payable maturing on 8/23/17 | Greater Boston | Construction Loans |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Maturity date |
|
|
|
|
Aug. 23, 2017
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Principal amount |
|
|
|
|
$ 163,893
|
|
|
Subsequent Event | Secured notes payable |
|
|
|
|
|
|
|
Summary of fixed rate/hedged and floating rate debt |
|
|
|
|
|
|
|
Effective rate (as a percent) |
|
5.28%
|
|
|
|
|
|
Future principal payments due on secured and unsecured debt |
|
|
|
|
|
|
|
Repayments of Secured Debt |
|
$ 36,400
|
|
|
|
|
|
|
|