Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Mortgage Loans Payable

The Trust’s mortgage loans payable at March 31, 2015 and December 31, 2014 are summarized as follows (in thousands):

Location of Collateral	Maturity	Spread Over LIBOR (1)		Interest Rate at March 31, 2015			March 31, 2015		December 31, 2014
Lisle, IL	Oct 2015	Libor + 2.5%			2.68	%	$	5,582	$	5,713
Chicago, IL	Mar 2016	—			5.75	%		19,393		19,491
New York, NY	May 2016	Libor + 2.5%	(2)		3.50	%		50,750		51,034
Greensboro, NC	Aug 2016	—			6.22	%		13,600		13,600
Phoenix, AZ	Oct 2016	Libor + 2.0%	(3)		2.69	%		22,462		22,462
Stamford, CT	Oct 2016	Libor + 2.0%	(3)		2.69	%		44,923		44,923
Houston, TX	Oct 2016	Libor + 2.0%	(3)		2.69	%		59,524		59,524
Cerritos, CA	Jan 2017	—			5.07	%		23,000		23,000
Lisle, IL	Mar 2017	—			5.55	%		5,371		5,392
Orlando, FL	Jul 2017	—			6.40	%		36,173		36,347
Plantation, FL	Apr 2018	—			6.48	%		10,513		10,550
Churchill, PA	Aug 2024	—			3.50	%		4,883		4,918
							$	296,174	$	296,954

(1) The one-month LIBOR rate at March 31, 2015 was 0.17625%. The one-month LIBOR rate at December 31, 2014 was 0.17125%.

(2) The loan has a LIBOR floor of 1%.

(3) The loan has an interest rate swap which effectively fixes LIBOR at 0.69%.