Notes Payable and Unsecured Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule of long-term debt

The Company’s debt outstanding as of June 30, 2014 and December 31, 2013 consists of the following (in thousands):

		2014	2013
Notes payable:
Fixed rate mortgage loans	$	511,036	444,245
Variable rate mortgage loans		37,755	37,100
Fixed rate unsecured loans		1,397,272	1,298,352
Total notes payable		1,946,063	1,779,697
Unsecured credit facilities:
Line of Credit		10,000	—
Term Loan		75,000	75,000
Total unsecured credit facilities		85,000	75,000
Total debt outstanding	$	2,031,063	1,854,697

Schedule of maturities of long-term debt

As of June 30, 2014, scheduled principal payments and maturities on notes payable were as follows (in thousands):

Scheduled Principal Payments and Maturities by Year:		Scheduled Principal Payments	Mortgage Loan Maturities	Unsecured Maturities (1)		Total
2014	$	3,826	9,000	—		12,826
2015		6,358	82,675	350,000		439,033
2016		5,867	41,442	10,000		57,309
2017		5,121	115,989	400,000		521,110
2018		4,165	57,358	—		61,523
Beyond 5 Years		17,224	190,955	725,000		933,179
Unamortized debt premiums (discounts), net		—	8,811	(2,728	)	6,083
Total	$	42,561	506,230	1,482,272		2,031,063

⁽¹⁾ Includes unsecured public debt and unsecured credit facilities.