Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt

Debt at June 30, 2012 and December 31, 2011 consists of the following:

	June 30, 2012		December 31, 2011
Non-recourse defeased debt, interest payable monthly at 5.6% at June 30, 2012 and December 31, 2011, secured and paid by pledged treasury securities, due October 1, 2015 (includes unamortized premium of $1.7 million at June 30, 2012)	$	22,274	$	23,299
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 1, 2016 — May 1, 2039, bearing interest at 6.7% to 7.15% at June 30, 2012		29,429		30,159
Total debt	$	51,703	$	53,458

Maturities of Debt

The aggregate maturities of debt subsequent to June 30, 2012 are as follows (a):

2012	$	993
2013		1,654
2014		1,580
2015		18,266
2016		84
Thereafter		29,126
Total	$	51,703

(a) Includes debt defeased in connection with the sale of the Company’s office portfolio in the amount of $22.3 million.