Notes Payable and Unsecured Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt

The Company’s debt outstanding as of March 31, 2015 and December 31, 2014 consists of the following (in thousands):

	2015		2014
Notes payable:
Fixed rate mortgage loans	$	460,885	518,993
Variable rate mortgage loans (1)	31,190		29,839
Fixed rate unsecured loans	1,397,652		1,397,525
Total notes payable	1,889,727		1,946,357
Unsecured credit facilities:
Line of Credit	30,000		—
Term Loan	75,000		75,000
Total unsecured credit facilities	105,000		75,000
Total debt outstanding	$	1,994,727	2,021,357

Schedule of maturities of long-term debt

As of March 31, 2015, 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
2015	$	4,724	20,391	350,000		375,115
2016	6,135		41,442	30,000		77,577
2017	5,399		116,316	400,000		521,715
2018	4,452		57,358	—		61,810
2019	3,443		106,000	75,000		184,443
Beyond 5 Years	22,648		97,390	650,000		770,038
Unamortized debt premiums (discounts), net	—		6,377	(2,348	)	4,029
Total	$	46,801	445,274	1,502,652		1,994,727

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