Mortgage Notes Payable (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Mortgage Notes Payable

The Company’s mortgage notes payable consist of the following as of June 30, 2014 and December 31, 2013 (dollar amounts in thousands):

	Encumbered Properties		Outstanding Loan Amount		Weighted Average Effective Interest Rate (1)			Weighted Average Maturity (2)
June 30, 2014		757	$	4,125,621		4.90	%		6.00
December 31, 2013		177	$	1,258,661		3.42	%		3.41

(1) Mortgage notes payable primarily have fixed rates or are fixed by way of interest rate swap arrangements. Effective interest rates range from 2.40% to 7.20% at June 30, 2014 and 1.83% to 6.28% at December 31, 2013.

(2) Weighted average remaining years until maturity as of June 30, 2014 and December 31, 2013, respectively.

Mortgages [Member]

Schedule Of Aggregate Principal Payments Of Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to June 30, 2014 (in thousands):

Year	Total
July 1, 2014 - December 31, 2014	$	104,043
2015		270,843
2016		250,881
2017		522,655
2018		252,292
Thereafter		2,724,907
Total	$	4,125,621

Other Debt [Member]

Schedule Of Aggregate Principal Payments Of Mortgages

Amounts related to the secured term loan as of June 30, 2014 were as follows (in thousands):

	Borrowings		Collateral Carrying Value
Loans held for investment	$	31,597	$	44,670
Intercompany mortgage loans on CapLease properties		5,525		17,124
CMBS		13,529		21,900
	$	50,651	$	83,694