7. Debt

Debt consists of the following:


	September 30, 2011		December 31, 2010
Non-recourse defeased debt	$	23,800	$	25,281
Community Development District debt		28,627		29,370

Total debt	$	52,427	$	54,651

The aggregate scheduled maturities of debt subsequent to September 30, 2011 are as follows (a)(b):


2011	$	501
2012		2,018
2013		1,586
2014		1,507
2015		18,188
Thereafter		28,627

Total	$	52,427


(a)		Includes debt defeased in connection with the sale of the Company's office portfolio in the amount of $23.8 million which matures in years 2011-2015.

(b)		Community Development District debt maturities are presented in the year of contractual maturity; however, earlier payments may be required when the properties benefited by the CDD are sold.

On June 28, 2011, the Company notified Branch Banking and Trust Company that it was exercising its right to early terminate the Credit Agreement which was scheduled to mature on September 19, 2012. The termination was effective on July 1, 2011. The description of the material terms of the Credit Agreement is set forth in the Company's Form 10-K for the year ended December 31, 2010. The Company did not incur any prepayment penalties in connection with the early termination of the Credit Agreement.