Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent to March 31, 2013 and in addition to disclosures elsewhere in the financial statements, the Company:


•	redeemed all outstanding shares of the Company's 7.55% Series D Cumulative Redeemable Preferred Stock for $155,000;


•	satisfied $176,564 of secured mortgage debt which was scheduled to mature through 2014 with a weighted-average interest rate of 6.0% and incurred aggregate yield maintenance costs of $11,775;


•	borrowed $250,000 on the unsecured revolving credit facility and $64,000 on the new unsecured term loan;


•	swapped the LIBOR component of the $64,000 term loan borrowing at 0.73% for a current fixed interest rate of 2.43%; and

•sold a vacant retail property and parking garage in Honolulu, Hawaii for $25,900.