Debt at March 31, 2013 and December 31, 2012 consists of the following:


	March 31, 2013		December 31, 2012
In-substance defeased debt, interest payable monthly at 5.62% at March 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	$	26,676	$	26,818
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 1, 2016 — May 1, 2039, bearing interest at 6.70% to 7.15% at March 31, 2013 and December 31, 2012		9,076		9,244

Total debt	$	35,752	$	36,062