Notes Payable and Unsecured Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of long-term debt

The Company’s debt outstanding as of September 30, 2014 and December 31, 2013 consists of the following (in thousands):

		2014	2013
Notes payable:
Fixed rate mortgage loans	$	521,719	444,245
Variable rate mortgage loans		29,125	37,100
Fixed rate unsecured loans		1,397,399	1,298,352
Total notes payable		1,948,243	1,779,697
Unsecured credit facilities:
Term Loan		75,000	75,000
Total unsecured credit facilities		75,000	75,000
Total debt outstanding	$	2,023,243	1,854,697

Schedule of maturities of long-term debt

As of September 30, 2014, scheduled principal payments and maturities on notes payable were as follows (in thousands):

Scheduled Principal Payments and Maturities by Year:		Scheduled Principal Payments	Mortgage Loan Maturities	Unsecured Maturities (1)		Total
2014	$	1,970	—	—		1,970
2015		6,618	75,937	350,000		432,555
2016		6,135	41,442	—		47,577
2017		5,399	116,098	400,000		521,497
2018		4,453	57,358	—		61,811
Beyond 5 Years		26,091	201,324	725,000		952,415
Unamortized debt premiums (discounts), net		—	8,019	(2,601	)	5,418
Total	$	50,666	500,178	1,472,399		2,023,243

⁽¹⁾ Includes unsecured public debt and unsecured credit facilities.