Mortgage Note Payable (Tables)

3 Months Ended

Mar. 31, 2014

Notes Payable [Abstract]

Schedule of Mortgage Notes Payable

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

	Encumbered Properties	Outstanding Loan Amount		Weighted Average Effective Interest Rate (1)		Weighted Average Maturity (2)
March 31, 2014	697	$	4,128,384	4.83	%	6.23
December 31, 2013	177	$	1,258,661	3.42	%	3.41

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(1) Mortgage notes payable primarily have fixed rates or are fixed by way of interest rate swap arrangements. Effective interest rates range from 2.41% to 7.20% at March 31, 2014 and 1.83% to 6.28% at December 31, 2013.

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

Schedule Of Aggregate Principal Payments Of Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to March 31, 2014 (in thousands):

Year	Total
April 1, 2014 - December 31, 2014	$	134,152
2015	202,578
2016	242,769
2017	567,950
2018	252,923
Thereafter	2,728,012
Total	$	4,128,384

The following table summarizes the scheduled aggregate principal repayments subsequent to March 31, 2014 (in thousands):

	Principal Repayment
April 1, 2014 - December 31, 2014	$	56,925
2015	11,862
2016	12,516
2017	26,890
2018	13,267
Thereafter	30,930
	$	152,390