XML 22 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt Obligations Debt Obligations (Tables)
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Consolidated Debt Obligations [Table Text Block]
The following table sets forth information regarding the Company’s consolidated debt obligations outstanding at March 31, 2013 and December 31, 2012 (in thousands):
Property / Location
March 31, 2013
 
December 31, 2012
 
Effective
Interest
Rate
 
 
 
Maturity
Date
MORTGAGE DEBT:
 
 
 
 
 
 
 
 
 
Tysons Corner
92,732

 
93,188

 
5.36
%
 
(a) 
 
Aug-15
Two Logan Square
89,133

 
89,340

 
7.57
%
 
 
 
Apr-16
Fairview Eleven Tower
21,939

 
22,000

 
4.25
%
 
 
 
Jan-17
IRS Philadelphia Campus
195,608

 
197,111

 
7.00
%
 
 
 
Sep-30
Cira South Garage
41,765

 
42,303

 
7.12
%
 
 
 
Sep-30
Principal balance outstanding
441,177

 
443,942

 
 

 
 
 
 
Plus: fair market value premiums (discounts), net
(877
)
 
(968
)
 
 

 
 
 
 
Total mortgage indebtedness
$
440,300

 
$
442,974

 
 

 
 
 
 
UNSECURED DEBT:
 
 
 
 
 

 
 
 
 
Credit Facility

 
69,000

 
LIBOR + 1.50%

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

 
150,000

 
2.60
%
 
 
 
Feb-15
Four-Year Term Loan - Variable
100,000

 
100,000

 
LIBOR + 1.75%

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

 
200,000

 
3.62
%
 
 
 
Feb-19
$250.0M 5.400% Guaranteed Notes due 2014
238,379

 
238,379

 
5.53
%
 
 
 
Nov-14
$250.0M 7.500% Guaranteed Notes due 2015
166,535

 
166,535

 
7.76
%
 
 
 
May-15
$250.0M 6.000% Guaranteed Notes due 2016
150,429

 
150,429

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

 
300,000

 
5.68
%
 
 
 
May-17
$325.0M 4.950% Guaranteed Notes due 2018
325,000

 
325,000

 
5.13
%
 
 
 
Apr-18
$250.0M 3.950% Guaranteed Notes due 2023
250,000

 
250,000

 
4.02
%
 
 
 
Feb-23
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
1,958,953

 
2,027,953

 
 

 
 
 
 
plus: original issue premium (discount), net
(5,321
)
 
(5,597
)
 
 

 
 
 
 
Total unsecured indebtedness
$
1,953,632

 
$
2,022,356

 
 

 
 
 
 
Total Debt Obligations
$
2,393,932

 
$
2,465,330

 
 

 
 
 
 
Summary Of Debt Repurchases [Table Text Block]
 
 
 
 
 
 
 
 
Schedule of Extinguishment of Debt [Table Text Block]
As of March 31, 2013, the Company’s aggregate scheduled principal payments on debt obligations, excluding amortization of discounts and premiums, were as follows (in thousands):

2013
$
8,473

2014
250,321

2015
416,568

2016
347,038

2017
330,323

Thereafter
1,047,407

Total principal payments
2,400,130

Net unamortized premiums/(discounts)
(6,198
)
Outstanding indebtedness
$
2,393,932