Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Debt

Debt consists of the following:

	September 30, 2015		December 31, 2014
In-substance defeased debt, interest payable at 5.62%, secured and paid by pledged cash and treasury securities, due October 1, 2015	$	25,324	$	25,670
Community Development District debt, secured by certain real estate and standby note purchase agreements, due through May 2039, interest payable at 2.25% to 7.0%	6,777		6,516
Construction loan in the Pier Park North joint venture, due February 2016, bearing interest at LIBOR plus 210 basis points, or 2.30% and 2.26% at September 30, 2015 and December 31, 2014, respectively	37,625		31,618
Total debt	$	69,726	$	63,804

Maturities of Debt

The aggregate maturities of debt subsequent to September 30, 2015 are:

	September 30, 2015
2015	25,324
2016 (1)	37,742
2017	121
2018	126
2019	130
Thereafter	6,283
	$	69,726

(1 ) In October 2015, the Company’s Pier Park North joint venture refinanced its Construction Loan that would have matured in 2016. As a result, $37.6 million will no longer be due in 2016. The Refinanced Loan will mature in November 2025. See Note 8, Real Estate Joint Ventures.