Mortgages and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2015

A summary of the significant terms are as follows:



	Prior Maturity Date	New Maturity Date	Prior Interest Rate	Current Interest Rate
$400,000 Revolving Credit Facility⁽¹⁾	02/2017	08/2019	LIBOR + 1.15%	LIBOR + 1.00%
$250,000 Term Loan⁽²⁾	02/2018	08/2020	LIBOR + 1.35%	LIBOR + 1.10%
$255,000 Term Loan⁽³⁾	01/2019	01/2021	LIBOR + 1.75%	LIBOR + 1.10%


(1)	Maturity date can be extended to August 2020 at the Company's option. The interest rate ranges from LIBOR plus 0.85% to 1.55% (previously 0.95% to 1.725%). At December 31, 2015, the unsecured revolving credit facility had $177,000 outstanding and availability of $223,000, subject to covenant compliance.


(2)	The interest rate ranges from LIBOR plus 0.90% to 1.75% (previously 1.10% to 2.10%). The Company previously entered into aggregate interest-rate swap agreements to fix the LIBOR component at a weighted-average rate of 1.09% through February 2018 on the $250,000 of outstanding LIBOR-based borrowings.


(3)	The interest rate ranges from LIBOR plus 0.90% to 1.75% (previously 1.50% to 2.25%). The Company previously entered into aggregate interest-rate swap agreements to fix the LIBOR component at a weighted-average rate of 1.42% through January 2019 on the $255,000 of outstanding LIBOR-based borrowings.

Mortgages and Notes Payable [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

Scheduled principal and balloon payments for mortgages, including a held for sale property, notes payable, credit facility borrowings and term loans for the next five years and thereafter are as follows:



Year ending December 31,	Total
2016	$	139,861
2017	95,505
2018	44,664
2019	283,347
2020	300,756
Thereafter	709,192
	$	1,573,325