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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Outstanding Indebtedness
At December 31, 2017 and 2016, our outstanding indebtedness included the following (in thousands):
 
 
 
 
 
December 31,
 
Interest Rate at December 31, 2017
 
Maturity Date
 
2017
 
2016
Unsecured revolving credit facility, at LIBOR plus a premium
2.61
%
 
1/28/2019

 
$

 
$

5-year unsecured term loan, at LIBOR plus a premium
2.71
%
 
1/28/2020

 
200,000

 
200,000

7-year unsecured term loan, at LIBOR plus a premium
3.11
%
 
1/28/2022

 
200,000

 
200,000

Unsecured floating rate debt
2.91
%
(1)
 
 
$
400,000

 
$
400,000

 
 
 
 
 
 
 
 
6.65% Senior Unsecured Notes due 2018
%
 

 
$

 
$
250,000

5.875% Senior Unsecured Notes due 2020
5.875
%
 
9/15/2020

 
250,000

 
250,000

5.75% Senior Unsecured Notes due 2042(2)
5.75
%
 
8/1/2042

 
175,000

 
175,000

Unsecured fixed rate debt
5.82
%
(1)
 
 
$
425,000

 
$
675,000

 
 
 
 
 
 
 
 
Parkshore Plaza
%
 

 
$

 
$
41,275

206 East 9th Street
5.69
%
 
1/5/2021

 
26,536

 
27,041

33 Stiles Lane
%
 

 

 
2,415

97 Newberry Road
5.71
%
 
3/1/2026

 
5,404

 
5,903

Secured fixed rate debt
5.69
%
(1)
 
 
$
31,940

 
$
76,634

 
 
 
 
 
$
856,940

 
$
1,151,634

Unamortized net premiums, discounts and deferred financing fees
 
 
 
 
(8,362
)
 
(9,967
)
 
 
 
 
 
$
848,578

 
$
1,141,667


(1)
Represents weighted average interest rate at December 31, 2017.
(2)
On January 30, 2018, we delivered notice of our intent to redeem at par our $175 million 5.75% senior unsecured notes due 2042 on March 7, 2018. The notes will be redeemed for cash at a price equal to 100% of the principal amount of the notes plus any accrued and unpaid interest up to, but excluding, the redemption date.

Schedule of Required Principal Payments on Outstanding Debt
The required principal payments due during the next five years and thereafter under all of our outstanding debt at December 31, 2017 are as follows (in thousands):
2018
$
1,063

2019
1,126

2020
451,189

2021
25,463

2022
200,663

Thereafter(1)
177,436

 
$
856,940



(1)
On January 30, 2018, we delivered notice of our intent to redeem at par our $175 million 5.75% senior unsecured notes due 2042 on March 7, 2018. The notes will be redeemed for cash at a price equal to 100% of the principal amount of the notes plus any accrued and unpaid interest up to, but excluding, the redemption date.