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Borrowings Under Credit Facilities and Related Items (Tables)
9 Months Ended
Sep. 30, 2015
Borrowings Under Credit Facilities and Related Items (Tables) [Abstract]  
Aggregate borrowings under the unsecured line of credit arrangements
Three Months Ended September 30,Nine Months Ended September 30,
2015201420152014
Balance outstanding at quarter end(1)$490,000$-$490,000$-
Maximum amount outstanding at any month end$490,000$235,000$535,000$637,000
Average amount outstanding (total of daily
principal balances divided by days in period)$298,370$100,380$402,619$253,681
Weighted average interest rate (actual interest
expense divided by average borrowings outstanding) 1.16%1.67%1.17%1.40%
(1) As of September 30, 2015, letters of credit in the aggregate amount of $58,484,000 have been issued, which reduces the borrowing capacity on the primary unsecured revolving credit facility.