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Debt Obligations Debt Obligations (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2013 and December 31, 2012 (in thousands):
Property / Location
June 30, 2013
 
December 31, 2012
 
Effective
Interest
Rate
 
 
 
Maturity
Date
MORTGAGE DEBT:
 
 
 
 
 
 
 
 
 
Tysons Corner
$
92,296

 
$
93,188

 
5.36
%
 
(a) 
 
Aug-15
Two Logan Square
88,960

 
89,340

 
7.57
%
 
 
 
Apr-16
Fairview Eleven Tower
21,847

 
22,000

 
4.25
%
 
 
 
Jan-17
IRS Philadelphia Campus
194,083

 
197,111

 
7.00
%
 
 
 
Sep-30
Cira South Garage
41,218

 
42,303

 
7.12
%
 
 
 
Sep-30
Principal balance outstanding
438,404

 
443,942

 
 

 
 
 
 
Plus: fair market value premiums (discounts), net
(786
)
 
(968
)
 
 

 
 
 
 
Total mortgage indebtedness
$
437,618

 
$
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
232,199

 
238,379

 
5.53
%
 
 
 
Nov-14
$250.0M 7.500% Guaranteed Notes due 2015
161,430

 
166,535

 
7.76
%
 
 
 
May-15
$250.0M 6.000% Guaranteed Notes due 2016
149,919

 
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
1,947,158

 
2,027,953

 
 

 
 
 
 
plus: original issue premium (discount), net
(5,031
)
 
(5,597
)
 
 

 
 
 
 
Total unsecured indebtedness
$
1,942,127

 
$
2,022,356

 
 

 
 
 
 
Total Debt Obligations
$
2,379,745

 
$
2,465,330

 
 

 
 
 
 
Summary Of Debt Repurchases [Table Text Block]
During the six months ended June 30, 2013, the Company repurchased $11.8 million of its outstanding unsecured notes in a series of transactions that are summarized in the following table (in thousands):
 
 
 
 
 
 
 
 
Notes
Repurchase
Amount
 
Principal
 
Loss
 
Deferred Financing
Amortization
2014 5.400% Notes
$
6,570

 
$
6,180

 
$
(401
)
 
$
7

2015 7.500% Notes
5,728

 
5,105

 
(652
)
 
15

2016 6.000% Notes
573

 
510

 
(63
)
 
1

 
$
12,871

 
$
11,795

 
$
(1,116
)
 
$
23

Schedule of Extinguishment of Debt [Table Text Block]
As of June 30, 2013, the Company’s aggregate scheduled principal payments on debt obligations, excluding amortization of discounts and premiums, were as follows (in thousands):

2013 (six months remaining)
$
5,700

2014
244,141

2015
411,463

2016
346,528

2017
330,323

Thereafter
1,047,407

Total principal payments
2,385,562

Net unamortized premiums/(discounts)
(5,817
)
Outstanding indebtedness
$
2,379,745