Indebtedness (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Indebtedness

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

Description	Payment Terms	Interest Rate	Maturity Date		September 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				300,000			-
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)			456,401			459,668
Total						$	1,036,492		$	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 at September 30, 2012. As discussed below and effective October 1, 2012, the stated interest rate was reduced to LIBOR plus 1.70%. As also discussed below, the Company has entered into interest rate swap arrangements that effectively fix the interest rate under this facility. At September 30, 2012, the effective blended interest rate under the Term Loan was 3.44%. Effective October 1, 2012, the effective blended interest rate was reduced to 3.24%.

(3) Represents stated rate at September 30, 2012. As discussed below and effective October 1, 2012, the stated rate was reduced to LIBOR plus 1.225%.

(4) There are no maturities of secured notes in 2012. These notes mature between 2013 and 2019. In October 2012, the Company prepaid the mortgage note that matured in 2013 without penalty (see note 14).

Schedule Of Aggregate Maturities Of Indebtedness

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

Remainder of 2012	$	1,153
2013		186,606
2014		3,961
2015		124,205
2016		4,419	(1	)
Thereafter		716,148
	$	1,036,492

(1) Includes outstanding balances on lines of credit totaling $0.