Notes Payable (Tables)

12 Months Ended

Dec. 31, 2016

Notes Payable [Abstract]

Summary Of Indebtedness

The following is a summary of our indebtedness:

	December 31,
(in millions)	2016		2015
Commercial banks
Unsecured credit facility	$	—	$	225.0
Unsecured short-term borrowings	—		19.0
	$	—	$	244.0
Senior unsecured notes (1)
5.83% Notes, due 2017	$	246.6	$	246.3
4.78% Notes, due 2021	248.4		248.0
3.15% Notes, due 2022	346.0		345.4
5.07% Notes, due 2023	247.2		246.8
4.36% Notes, due 2024	248.2		248.0
3.68% Notes, due 2024	246.8		246.4
	$	1,583.2	$	1,580.9
Total unsecured notes payable	1,583.2		1,824.9
Secured notes (1)
1.25% – 5.77% Conventional Mortgage Notes, due 2018 – 2045	866.7		867.4
Tax-exempt Mortgage Note, originally due 2028 (2.18% floating rate)	30.7		32.4
	897.4		899.8
Total notes payable	$	2,480.6	$	2,724.7
Other floating rate debt included in secured notes (1.25%)	$	175.0	$	175.0
Value of real estate assets, at cost, subject to secured notes	$	1,598.9	$	1,568.9

(1) Unamortized debt discounts and debt issuance costs of $15.7 million and $18.6 million are included in senior unsecured and secured notes payable as of December 31, 2016 and 2015, respectively.

Scheduled Repayments On Outstanding Debt

The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at December 31, 2016:

(in millions)	Amount			Weighted Average Interest Rate
2017 (1)	$	276.0		5.4	%
2018	173.8			1.2
2019	643.2			5.4
2020 (2)	(1.1		)	—
2021	249.1			4.8
Thereafter (1)	1,139.6			4.0
Total	$	2,480.6		4.4	%

(1) Subsequent to December 31, 2016, we gave notice of advance repayment on our tax-exempt secured note payable of approximately $30.7 million in February 2017, which was initially due to mature in 2028. This table reflects this repayment in 2017.

(2) Includes amortization of debt discounts and debt issuance costs, net of scheduled principal payments.