| Schedule Of Secured Notes Payable and Revolving Credit Facility |
The following table summarizes (in thousands) our secured notes payable and revolving credit facility: | | | | | | | | | | | | | | | | | | Description | | Maturity Date | | Principal Balance as of March 31, 2016 | | Principal Balance as of December 31, 2015 | | Variable Interest Rate | | Fixed Interest Rate(1) | | Swap Maturity Date | | | | | | | | | | | | | | Wholly Owned Subsidiaries | Term Loan | | 12/24/2016 | | $ | 20,000 |
| | $ | 20,000 |
| | LIBOR + 1.45% | | 3.57% | | 4/1/2016 | Term Loan | | 4/2/2018 | | 256,140 |
| | 256,140 |
| | 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(2) | | 8/5/2018 | | 354,501 |
| | 355,000 |
| | N/A | | 4.14% | | -- | Term Loan(2) | | 2/1/2019 | | 152,038 |
| | 152,733 |
| | N/A | | 4.00% | | -- | Term Loan(3) | | 6/5/2019 | | 285,000 |
| | 285,000 |
| | N/A | | 3.85% | | -- | Fannie Mae Loan | | 10/1/2019 | | 145,000 |
| | 145,000 |
| | LIBOR + 1.25% | (6) | 3.37% | | 4/1/2016 | Term Loan(4) | | 3/1/2020 | | 349,070 |
| | 349,070 |
| | N/A | | 4.46% | | -- | Fannie Mae Loans | | 11/2/2020 | | 388,080 |
| | 388,080 |
| | LIBOR + 1.65% | | 3.65% | | 11/1/2017 | Term Loan | | 4/15/2022 | | 340,000 |
| | 340,000 |
| | LIBOR + 1.40% | (6) | 2.77% | | 4/1/2020 | Term Loan | | 7/27/2022 | | 180,000 |
| | 180,000 |
| | LIBOR + 1.45% | (6) | 3.06% | | 7/1/2020 | Term Loan | | 11/2/2022 | | 400,000 |
| | 400,000 |
| | LIBOR + 1.35% | (6) | 2.64% | | 11/1/2020 | Fannie Mae Loan | | 4/1/2025 | | 102,400 |
| | 102,400 |
| | LIBOR + 1.25% | (6) | 2.84% | | 3/1/2020 | Fannie Mae Loan | | 12/1/2025 | | 115,000 |
| | 115,000 |
| | LIBOR + 1.25% | (6) | 2.76% | | 12/1/2020 | Revolving credit line(5) | | 8/21/2020 | | 290,000 |
| | — |
| | LIBOR + 1.40% | | N/A | | -- | Total Wholly Owned Debt | $ | 3,907,229 |
| | $ | 3,618,423 |
| | | | | | | | | | | | | | | | | | | | Consolidated Joint Ventures | Term Loan | | 3/1/2017 | | $ | 15,740 |
| | $ | 15,740 |
| | LIBOR + 1.60% | | 3.72% | | 4/1/2016 | Term Loan | | 2/28/2023 | | 580,000 |
| | — |
| | LIBOR + 1.40% | (6) | 2.37% | | 3/1/2021 | Total Debt(7) | $ | 4,502,969 |
| | $ | 3,634,163 |
| | | | | | | Deferred loan costs, net(8) | | (33,012 | ) | | (22,887 | ) | | | | | | | Total Debt, net | $ | 4,469,957 |
| | $ | 3,611,276 |
| | | | | | |
___________________________________________________ As of March 31, 2016, the weighted average remaining life, including extension options, of our term debt (excluding our revolving credit facility) was 4.6 years. For the $4.21 billion of term debt on which the interest rate was fixed under the terms of the loan or a swap, (i) the weighted average remaining life was 4.6 years, (ii) the weighted average remaining period during which interest was fixed was 2.7 years, (iii) the weighted average annual interest rate was 3.42% and (iv) including the non-cash amortization of deferred loan costs, the weighted average effective interest rate was 3.57%. Except as otherwise noted below, each loan (including our revolving credit facility) is secured by a one or more separate collateral pools consisting of one or more properties, requiring monthly payments of interest only, with the outstanding principal due upon maturity. Maturity dates include the effect of extension options. The following table summarizes (in thousands) our fixed and floating rate debt: | | | | | | | | | | Description | | Principal Balance as of March 31, 2016 | | Principal Balance as of December 31, 2015 | | | | | | Aggregate swap fixed rate loans | | $ | 3,072,360 |
| | $ | 2,492,360 |
| Aggregate fixed rate loans | | 1,140,609 |
| | 1,141,803 |
| Aggregate floating rate loans | | 290,000 |
| | — |
| Total Debt | | $ | 4,502,969 |
| | $ | 3,634,163 |
|
| | (1) | Includes the effect of interest rate swaps and excludes the effect of prepaid loan fees. See Note 9 for the details of our interest rate contracts. |
| | (2) | Requires monthly payments of principal and interest. Principal amortization is based upon a 30-year amortization schedule. |
| | (3) | Interest only until February 2017, with principal amortization thereafter based upon a 30-year amortization schedule. |
| | (4) | Interest is fixed until March 1, 2018, and is floating thereafter, with interest-only payments until May 1, 2016, and principal amortization thereafter based upon a 30-year amortization schedule. |
| | (5) | $400.0 million revolving credit facility. Unused commitment fees range from 0.15% to 0.20%. |
| | (6) | Loan agreement includes a zero-percent LIBOR floor. The corresponding swaps do not include such a floor. |
| | (7) | See Note 12 for our fair value disclosures. |
| | (8) | Net of accumulated amortization of $16.6 million and $15.2 million at March 31, 2016 and December 31, 2015, respectively. Deferred loan cost amortization was $1.3 million and $1.8 million for the three months ended March 31, 2016 and March 31, 2015, respectively. |
|