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Indebtedness (Tables)
6 Months Ended
Jun. 30, 2017
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 12/31/2016
 
Book Value at 6/30/2017
 
Fair Value at 12/31/2016
 
Payments/Payoffs
 
Adjustments
to Fair Value
 
Fair Value at 6/30/2017
Fixed rate secured debt
$
381,894

 
$
335,713

 
$
415,231

 
$
(46,123
)
 
$
(9,180
)
 
$
359,928

Variable rate secured debt
2,800

 
2,800

 
2,800

 

 

 
2,800

Unsecured debt
2,498,835

 
1,961,982

 
2,568,034

 
(536,853
)
 
12,339

 
2,043,520

Unsecured line of credit
48,000

 

 
48,000

 
(48,000
)
 

 

Total
$
2,931,529

 
$
2,300,495

 
$
3,034,065

 
$
(630,976
)
 
$
3,159

 
$
2,406,248

Less: Deferred financing costs
23,052

 
20,367

 
 
 
 
 
 
 
 
Total indebtedness as reported on the consolidated balance sheets
$
2,908,477

 
$
2,280,128

 
 
 
 
 
 
 
 
Unsecured Line of Credit
Our unsecured line of credit at June 30, 2017 is described as follows (in thousands):
Description
Borrowing
Capacity
 
Maturity Date
 
Outstanding Balance at June 30, 2017
Unsecured Line of Credit - Partnership
$
1,200,000

 
January 2019
 
$