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Notes Payable and Unsecured Credit Facilities (Tables)
12 Months Ended
Dec. 31, 2014
Debt Instrument [Line Items]  
Schedule of Debt [Table Text Block]
 
2014
 
2013
Notes payable:
 
 
 
Fixed rate mortgage loans
$
518,993

 
444,245

Variable rate mortgage loans (1)
29,839

 
37,100

Fixed rate unsecured loans
1,397,525

 
1,298,352

Total notes payable
1,946,357

 
1,779,697

Unsecured credit facilities:
 
 
 
Line

 

Term Loan
75,000

 
75,000

Total unsecured credit facilities
75,000

 
75,000

Total debt outstanding
$
2,021,357

 
1,854,697

Schedule of Line of Credit Facilities [Table Text Block]
As of December 31, 2014, the key terms of the Line and Term Loan are as follows (dollars in thousands):
 
Total Capacity
 
Remaining Capacity
 
Maturity
 
Variable Interest Rate (6)
 
Fee
 
Line
$
800,000

(1) 
$
794,096

(2) 
9/4/2016
(3) 
LIBOR plus 117.5 basis points
 
0.225%
(4) 
Term Loan
165,000

(5) 
90,000

 
6/27/2019
 
LIBOR plus 115 basis points
 
0.200%
(7) 
Schedule of Maturities of Long-term Debt [Table Text Block]
As of December 31, 2014, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows (in thousands): 
Scheduled Principal Payments and Maturities by Year:
Scheduled
Principal
Payments
 
Mortgage Loan
Maturities
 
Unsecured
Maturities (1)
 
Total
2015
$
6,587

 
75,896

 
350,000

 
432,483

2016
6,135

 
41,442

 

 
47,577

2017
5,399

 
116,207

 
400,000

 
521,606

2018
4,452

 
57,358

 

 
61,810

2019
3,443

 
106,000

 
75,000

 
184,443

Beyond 5 Years
22,647

 
96,039

 
650,000

 
768,686

Unamortized debt premiums (discounts), net

 
7,227

 
(2,475
)
 
4,752

Total notes payable
$
48,663

 
500,169

 
1,472,525

 
2,021,357

Fixed Rate Mortgage Loans [Member]  
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
As of December 31, 2014, the key terms of the Company's fixed rate notes payable are as follows:
 
 
 
 
Fixed Interest Rates
 
 
Maturing Through
 
Minimum
 
Maximum
 
Weighted Average
Secured mortgage loans
 
2032
 
3.30%
 
8.40%
 
5.57%
Unsecured public debt
 
2024
 
3.75%
 
6.00%
 
5.17%
Variable Rate [Domain]  
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
As of December 31, 2014, the Company had one variable rate mortgage loan, which has an interest rate swap in place for the initial principal balance effectively fixing the interest rate through the maturity of the loan (as discussed in note 10), with key terms as follows ($ in thousands):
Balance
 
Maturity
 
Variable Interest Rate
$
29,839

 
10/16/2020
 
1 month LIBOR plus 150 basis points