Notes Payable and Unsecured Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2016

Debt Instrument [Line Items]

Schedule of Debt [Table Text Block]

The Company’s outstanding debt consists of the following:

	December 31,
(in thousands)	2016			2015
Notes payable:
Fixed rate mortgage loans	$	384,786		475,214
Variable rate mortgage loans	86,969		(1)	34,154
Fixed rate unsecured public debt	892,170			1,190,403
Total notes payable	1,363,925			1,699,771
Unsecured credit facilities:
Line	15,000			—
Term Loan	263,495			164,514
Total unsecured credit facilities	278,495			164,514
Total debt outstanding	$	1,642,420		1,864,285

⁽¹⁾ Includes three mortgages, whose interest varies on a LIBOR based formula. Each of these variable rate loans have interest rate swaps in place to fix the interest rates at a range of 2.8% to 3.7%.

Schedule of Line of Credit Facilities [Table Text Block]

he key terms of the Line and Term Loan were as follows:

	December 31, 2016
(in thousands)	Total Capacity			Remaining Capacity			Maturing Through		Variable Interest Rate (5)		Fee			Weighted Average Effective Rate		Weighted Average Contractual Rate
Line (8)	$	800,000	(1)	$	779,200	(2)	5/13/2019	(3)	LIBOR plus 0.925%		0.15%		(4)	1.70	%	1.40	%
Term Loan (9)	$	265,000		—			1/5/2022		LIBOR plus 0.95%	(6)	$	35	(7)	2.10	%	2.00	%

⁽¹⁾ The Company has the ability to increase the Line through an accordion feature to $1.0 billion. See discussion below regarding expansion of Line subsequent to December 31, 2016.

⁽²⁾ Borrowing capacity is reduced by the balance of outstanding borrowings and commitments under outstanding letters of credit.

⁽³⁾ Maturity is subject to two six month extensions at the Company's option.

⁽⁴⁾ The commitment fee is subject to an adjustment based on the higher of the Company's corporate credit ratings from Moody's and S&P.

⁽⁵⁾ Interest rate spread is subject to Regency maintaining its corporate credit and senior unsecured ratings at BBB.

⁽⁶⁾ Effective July 7, 2016, the interest rate on the underlying debt is LIBOR + 0.95%, with an interest rate swap in place to fix the interest on the entire balance at 2% through maturity.

⁽⁷⁾ Annual fee, in thousands.

⁽⁸⁾ Weighted average contractual and effective rates for the Line are calculated based on a fully drawn Line balance.

⁽⁹⁾ Weighted average contractual and effective rates for the Term Loan are based on the fixed rate with the interest rate swap.

Schedule of Maturities of Long-term Debt [Table Text Block]

cheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows:

(in thousands)	December 31, 2016
Scheduled Principal Payments and Maturities by Year:	Scheduled Principal Payments		Mortgage Loan Maturities	Unsecured Maturities (1)		Total
2017	$	5,279	86,339	—		91,618
2018	4,829		57,358	—		62,187
2019	4,205		106,000	15,000		125,205
2020	4,636		84,411	150,000		239,047
2021	3,780		35,190	250,000		288,970
Beyond 5 Years	9,888		65,179	765,000		840,067
Unamortized debt premium/(discount) and issuance costs	—		4,662	(9,336	)	(4,674	)
Total notes payable	$	32,617	439,139	1,170,664		1,642,420

Fixed Rate Mortgage Loans [Member]

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments [Table Text Block]

As of December 31, 2016, the key interest rates of the Company's notes payables were as follows:

		Interest Rates
	Maturing Through	Minimum	Maximum	Weighted Average Effective Rate	Weighted Average Contractual Rate
Mortgage loans	2032	3.30%	8.40%	6.00%	5.80%
Fixed rate unsecured public debt	2025	3.75%	6.00%	5.30%	4.50%