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Indebtedness (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Fair Value, Liabilities Measured on a Recurring Basis, Disclosure Only
The following table summarizes the book value and changes in the fair value of our debt for the three months ended March 31, 2016 (in thousands):
 
Book Value at 12/31/2015
 
Book Value at 3/31/2016
 
Fair Value at 12/31/2015
 
Issuances and
Assumptions
 
Payments/Payoffs
 
Adjustments
to Fair Value
 
Fair Value at 3/31/2016
Fixed rate secured debt
$
736,896

 
$
720,363

 
$
789,095

 
$

 
$
(16,377
)
 
$
2,731

 
$
775,449

Variable rate secured debt
3,100

 
3,100

 
3,100

 

 

 

 
3,100

Unsecured debt
2,530,743

 
2,530,165

 
2,624,795

 

 
(579
)
 
21,773

 
2,645,989

Unsecured line of credit
71,000

 
148,000

 
70,852

 
77,000

 

 
148

 
148,000

Total
$
3,341,739

 
$
3,401,628

 
$
3,487,842

 
$
77,000

 
$
(16,956
)
 
$
24,652

 
$
3,572,538

Less: Deferred financing costs
21,598

 
20,568

 
 
 
 
 
 
 
 
 
 
Total indebtedness as reported on the consolidated balance sheets
$
3,320,141

 
$
3,381,060

 
 
 
 
 
 
 
 
 
 
Unsecured Line of Credit
Our unsecured line of credit at March 31, 2016 is described as follows (in thousands):
Description
Maximum
Capacity
 
Maturity Date
 
Outstanding Balance at March 31, 2016
Unsecured Line of Credit - Partnership
$
1,200,000

 
January 2019
 
$
148,000