XML 38 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Indebtedness (Tables)
9 Months Ended
Sep. 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 9/30/2017
 
Fair Value at 12/31/2016
 
Payments/Payoffs
 
Adjustments
to Fair Value
 
Fair Value at 9/30/2017
Fixed rate secured debt
$
381,894

 
$
310,975

 
$
415,231

 
$
(70,854
)
 
$
(12,352
)
 
$
332,025

Variable rate secured debt
2,800

 
2,500

 
2,800

 
(300
)
 

 
2,500

Unsecured debt
2,498,835

 
1,832,687

 
2,568,034

 
(666,148
)
 
7,339

 
1,909,225

Unsecured line of credit
48,000

 
5,000

 
48,000

 
(43,000
)
 

 
5,000

Total
$
2,931,529

 
$
2,151,162

 
$
3,034,065

 
$
(780,302
)
 
$
(5,013
)
 
$
2,248,750

Less: Deferred financing costs
23,052

 
19,282

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

 
$
2,131,880

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

 
January 1, 2019
 
$
5,000