Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt

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

	September 30, 2012		December 31, 2011
Defeased debt, interest payable monthly at 5.6% at September 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 September 30, 2012)	$	21,690	$	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 September 30, 2012		8,688		30,159
Total debt	$	30,378	$	53,458

Maturities of Debt

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

2012	$	409
2013		1,654
2014		1,580
2015		18,266
2016		84
Thereafter		8,385
Total	$	30,378

(a) Includes debt defeased in connection with the sale of the Company’s office portfolio in the amount of $21.7 million.