Mortgage Note Payable (Tables)

12 Months Ended

Dec. 31, 2012

Notes Payable [Abstract]

Schedule of Mortgage Notes Payable

The Company’s mortgage notes payable consist of the following as of December 31, 2012 and 2011 (dollar amounts in thousands):

	Encumbered Properties	Outstanding Loan Amount		Weighted Average Effective Interest Rate (1)		Weighted Average Maturity (2)
December 31, 2012	29	$	35,758	4.52	%	3.52
December 31, 2011	28	$	30,260	4.67	%	4.32

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(1) Mortgage notes payable have fixed rates. Effective interest rates range from 3.68% to 5.32% at December 31, 2012 and 3.80% to 5.32% at December 31, 2011.

(2) Weighted average remaining years until maturity as of December 31, 2012 and 2011, respectively.

Schedule Of Aggregate Principal Payments Of Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to December 31, 2012 (amounts in thousands):

Year	Total
2013	$	74
2014	189
2015	13,767
2016	11,760
2017	9,968
Thereafter	—
Total	$	35,758