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Indebtedness (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Debt

At June 30, 2012 and December 31, 2011, the Company’s indebtedness consists of the following:

 

Description

  

Payment
Terms

  

Interest Rate

  

Maturity Date

            June 30,    
2012
       December 31,    
2011

Senior Unsecured Notes

   Int.    4.75% - 6.30%    2013-2017    (1)      $ 280,091        $ 375,775  

Unsecured Bank Term Loan

   Int.    LIBOR + 1.90%  (2)    2018           230,000           

Unsecured Revolving Lines of Credit

   Int.    LIBOR + 1.40%  (3)    2016                    135,000  

Secured Mortgage Notes

   Prin. and Int.    4.88% - 5.99%    2013-2019    (4)        457,491          459,668  
                

 

 

      

 

 

 

Total

                 $ 967,582        $ 970,443  
                

 

 

      

 

 

 

 

(1)

There are no remaining maturities of senior unsecured notes in 2012. Senior unsecured notes totaling approximately $130,091 mature in June 2013. The remaining unsecured notes mature in 2017.

(2)

Represents stated rate. As discussed below, the Company has entered into interest rate swap arrangements that effectively fix the interest rate under this facility at 3.45% as of June 30, 2012.

(3)

Represents stated rate.

(4)

There are no maturities of secured notes in 2012. These notes mature between 2013 and 2019.

Schedule Of Aggregate Maturities Of The Company's Indebtedness

The aggregate maturities of the Company’s indebtedness are as follows:

 

Remainder of 2012

     $ 2,242        

2013

     186,606        

2014

     3,961        

2015

     124,205        

2016

     4,419           (1

Thereafter

     646,149        
  

 

 

    
     $     967,582        
  

 

 

    

 

(1)

Includes outstanding balances on lines of credit totaling $0.