XML 39 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Indebtedness (Tables)
9 Months Ended
Sep. 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 (in thousands):
 
Book Value at 12/31/2015
 
Book Value at 9/30/2016
 
Fair Value at 12/31/2015
 
Issuances and
Assumptions
 
Payments/Payoffs
 
Adjustments
to Fair Value
 
Fair Value at 9/30/2016
Fixed rate secured debt
$
736,896

 
$
384,025

 
$
789,095

 
$

 
$
(352,382
)
 
$
(11,765
)
 
$
424,948

Variable rate secured debt
3,100

 
2,800

 
3,100

 

 
(300
)
 

 
2,800

Unsecured debt
2,530,743

 
2,628,980

 
2,624,795

 
375,000

 
(276,764
)
 
93,015

 
2,816,046

Unsecured line of credit
71,000

 

 
70,852

 

 
(71,000
)
 
148

 

Total
$
3,341,739

 
$
3,015,805

 
$
3,487,842

 
$
375,000

 
$
(700,446
)
 
$
81,398

 
$
3,243,794

Less: Deferred financing costs
21,598

 
24,754

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

 
$
2,991,051

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

 
January 2019
 
$