Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events

14. SUBSEQUENT EVENTS

The Company evaluated the accounting and disclosure requirements for subsequent events reporting through the issuance date of the financial statements. In October 2012, the Company prepaid $53,027 of secured mortgage indebtedness at par. The indebtedness was scheduled to mature in January 2013, and the stated interest rate on the indebtedness was 5.50%. On November 7, 2012, the Company issued $250,000 of senior unsecured notes bearing interest at 3.375% and due in 2022. The Company intends to use the net proceeds from the unsecured notes to prepay $130,091 of 6.30% senior unsecured notes on December 3, 2012 and for general corporate purposes. In conjunction with the prepayment, the Company expects to recognize an extinguishment loss of approximately $4,100 related primarily to the payment of prepayment premiums and the write-off of unamortized deferred loan costs.