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Secured Notes Payable (Tables)

12 Months Ended

Dec. 31, 2013

Secured Debt [Abstract]

Schedule Of Secured Notes Payable



Description⁽¹⁾		Maturity Date		Outstanding Principal Balance as of December 31, 2013				Outstanding Principal Balance as of December 31, 2012				Variable Interest Rate		Effective Annual Fixed Interest Rate ⁽²⁾		Swap Maturity Date
Term Loan ⁽³⁾		3/3/2014		$	16,140			$	16,140			LIBOR + 1.85%		N/A		--
Fannie Mae Loan ⁽⁴⁾		2/1/2015		111,920				111,920				DMBS + 0.707%		N/A		--
Term Loan		4/1/2015		—				240,000				LIBOR +1.50%		N/A		--
Fannie Mae Loan		3/1/2016		82,000				82,000				LIBOR + 0.62%		N/A		--
Fannie Mae Loan		6/1/2017		18,000				18,000				LIBOR + 0.62%		N/A		--
Term Loan		10/2/2017		400,000				400,000				LIBOR + 2.00%		4.45%		7/1/2015
Term Loan		4/2/2018		510,000				510,000				LIBOR + 2.00%		4.12%		4/1/2016
Term Loan		8/1/2018		530,000				530,000				LIBOR + 1.70%		3.74%		8/1/2016
Term Loan ⁽⁵⁾		8/5/2018		355,000				355,000				N/A		4.14%		--
Term Loan ⁽⁶⁾		2/1/2019		155,000				155,000				N/A		4.00%		--
Term Loan ⁽⁷⁾		6/5/2019		285,000				285,000				N/A		3.85%		--
Term Loan ⁽⁸⁾		3/1/2020	⁽⁹⁾	350,000				350,000				N/A		4.46%		--
Fannie Mae Loans		11/2/2020		388,080				388,080				LIBOR + 1.65%		3.65%		11/1/2017
Aggregate loan principal				3,201,140				3,441,140
Revolving credit line ⁽¹⁰⁾		12/11/2017		40,000				—				LIBOR + 1.40%		N/A		--
Total ⁽¹¹⁾				$	3,241,140			$	3,441,140

Aggregate amount of effectively fixed rate loans				$	1,828,080			$	2,168,080					3.98%
Aggregate amount of fixed rate loans				1,145,000				1,145,000						4.15%
Aggregate amount of variable rate loans				268,060				128,060						N/A
Total ⁽¹¹⁾				$	3,241,140			$	3,441,140

Schedule Of Minimum Future Principal Payments Due On Secured Notes Payable



Twelve months ending December 31:
2014	$	20,381
2015	120,297
2016	96,045
2017	477,967
2018	1,719,310
Thereafter	807,140
Total future principal payments	$	3,241,140