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Indebtedness (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2016 (in thousands):
 
Book Value at 12/31/2015
 
Book Value at 6/30/2016
 
Fair Value at 12/31/2015
 
Issuances and
Assumptions
 
Payments/Payoffs
 
Adjustments
to Fair Value
 
Fair Value at 6/30/2016
Fixed rate secured debt
$
736,896

 
$
387,740

 
$
789,095

 
$

 
$
(348,702
)
 
$
(1,346
)
 
$
439,047

Variable rate secured debt
3,100

 
3,100

 
3,100

 

 

 

 
3,100

Unsecured debt
2,530,743

 
2,832,529

 
2,624,795

 
375,000

 
(73,214
)
 
80,343

 
3,006,924

Unsecured line of credit
71,000

 

 
70,852

 

 
(71,000
)
 
148

 

Total
$
3,341,739

 
$
3,223,369

 
$
3,487,842

 
$
375,000

 
$
(492,916
)
 
$
79,145

 
$
3,449,071

Less: Deferred financing costs
21,598

 
25,588

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

 
$
3,197,781

 
 
 
 
 
 
 
 
 
 
Unsecured Line of Credit
Our unsecured line of credit at June 30, 2016 is described as follows (in thousands):
Description
Maximum
Capacity
 
Maturity Date
 
Outstanding Balance at June 30, 2016
Unsecured Line of Credit - Partnership
$
1,200,000

 
January 2019
 
$