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Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2012
Debt Disclosure [Abstract]  
Consolidated debt obligations
Property / Location
March 31, 2012
 
December 31,
2011
 
Effective
Interest
Rate
 
 
 
Maturity
Date
Newtown Square/Berwyn Park/Libertyview
$
56,130

 
$
56,538

 
7.25
%
 
 
 
May-13
Southpoint III
1,701

 
1,887

 
7.75
%
 
 
 
Apr-14
Tysons Corner
94,460

 
94,882

 
5.36
%
 
(a)
 
Aug-15
Two Logan Square
89,800

 
89,800

 
7.57
%
 
 
 
Apr-16
Fairview Eleven Tower
22,000

 
22,000

 
4.25
%
 
 
 
Jan-17
IRS Philadelphia Campus
201,488

 
202,905

 
7.00
%
 
 
 
Sep-30
Cira South Garage
43,871

 
44,379

 
7.12
%
 
 
 
Sep-30
Principal balance outstanding
509,450

 
512,391

 
 

 
 
 
 
Plus: fair market value premiums (discounts), net
(1,240
)
 
(1,330
)
 
 

 
 
 
 
Total mortgage indebtedness
$
508,210

 
$
511,061

 
 

 
 
 
 
UNSECURED DEBT:
 
 
 
 
 

 
 
 
 
Former Term Loan
—

 
37,500

 
LIBOR + 0.80%

 
(b) 
 
Feb-12
Former Revolving Credit Facility
—

 
275,500

 
LIBOR + 0.725%

 
(b) 
 
Feb-12
New Revolving Credit Facility
—

 
—

 
LIBOR + 1.50%

 
(b) 
 
Feb-16
Three-Year Term Loan - Swapped to fixed
150,000

 
—

 
2.60
%
 
(b) 
 
Feb-15
Four-Year Term Loan - Swapped to fixed
150,000

 
—

 
2.88
%
 
(b) 
 
Feb-16
Four-Year Term Loan - Variable
100,000

 
—

 
LIBOR + 1.75%

 
(b) 
 
Feb-16
Seven-Year Term Loan - Swapped to fixed
200,000

 
—

 
3.62
%
 
(b) 
 
Feb-19
$300.0M 5.750% Guaranteed Notes due 2012
151,190

 
151,491

 
5.73
%
 
 
 
Apr-12
$250.0M 5.400% Guaranteed Notes due 2014
239,426

 
242,681

 
5.53
%
 
 
 
Nov-14
$250.0M 7.500% Guaranteed Notes due 2015
226,904

 
227,329

 
7.77
%
 
 
 
May-15
$250.0M 6.000% Guaranteed Notes due 2016
250,000

 
250,000

 
5.95
%
 
 
 
Apr-16
$300.0M 5.700% Guaranteed Notes due 2017
300,000

 
300,000

 
5.75
%
 
 
 
May-17
$325.0M 4.950% Guaranteed Notes due 2018
325,000

 
325,000

 
5.14
%
 
 
 
Apr-18
Indenture IA (Preferred Trust I)
27,062

 
27,062

 
2.75
%
 
 
 
Mar-35
Indenture IB (Preferred Trust I)
25,774

 
25,774

 
3.30
%
 
 
 
Apr-35
Indenture II (Preferred Trust II)
25,774

 
25,774

 
3.09
%
 
 
 
Jul-35
Principal balance outstanding
2,171,130

 
1,888,111

 
 

 
 
 
 
plus: original issue premium (discount), net
(4,890
)
 
(5,177
)
 
 

 
 
 
 
Total unsecured indebtedness
$
2,166,240

 
$
1,882,934

 
 

 
 
 
 
Total Debt Obligations
$
2,674,450

 
$
2,393,995

 
 

 
 
 
 
Summary of debt repurchases
Notes
Repurchase
Amount
 
Principal
 
Loss
 
Deferred Financing
Amortization
2012 5.750% Notes
$
309

 
$
301

 
$
(2
)
 
$
—

2014 5.400% Notes
3,501

 
3,255

 
(197
)
 
6

2015 7.500% Notes
484

 
425

 
(49
)
 
2

 
$
4,294

 
$
3,981

 
$
(248
)
 
$
8
Schedule of principal payments of debt obligations
2012
$
160,647

2013
66,806

2014
251,532

2015
476,800

2016
597,065

Thereafter
1,127,730

Total principal payments
2,680,580

Net unamortized premiums/(discounts)
(6,130
)
Outstanding indebtedness
$
2,674,450