Indebtedness (Tables)

12 Months Ended

Dec. 31, 2015

At December 31, 2015 and 2014, the Company’s indebtedness consisted of the following:

	Payment		Maturity	December 31,
Description	Terms	Interest Rate	Date	2015		2014
Senior Unsecured Notes	Int.	3.375% - 4.75%	2017 - 2022 (1)	$	400,000	$	400,000
Unsecured Bank Term Loan	Int.	LIBOR + 1.15% (2)	2020		300,000		300,000
Secured Mortgage Notes	Prin. and Int.	5.99%	2019		189,537		192,459
Total				$	889,537	$	892,459

(1)	The outstanding unsecured notes mature in 2017 and 2022.

(2)

Represents stated rate at December 31, 2015. As discussed below, the Company has entered into interest rate swap arrangements that effectively fix the interest rate under this facility through January 2018. At December 31, 2015, the effective blended interest rate under the Term Loan was 2.69%. As discussed below, the Company refinanced this facility in January 2015.

Schedule of Aggregate Maturities of Indebtedness

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

2016	$	3,071
2017		153,296
2018		3,502
2019		179,668
2020		300,000
Thereafter		250,000
	$	889,537