Indebtedness (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Information Regarding Indebtedness

The following table discloses certain information regarding our indebtedness:

	Outstanding Balance at						Interest Rate at December 31, 2013	Effective Interest Rate at Issuance	Maturity Date
	December 31, 2013			December 31, 2012
Mortgage Loans Payable, Net	$	677,890		$	763,616		4.03% – 8.26%	4.03% – 8.26%	October 2014 – September 2022
Unamortized Premiums	(115		)	(161		)
Mortgage Loans Payable, Gross	$	677,775		$	763,455
Senior Unsecured Notes, Net
2016 Notes	$	159,566		$	159,510		5.750%	5.91%	1/15/2016
2017 Notes	54,960			55,385			7.500%	7.52%	12/1/2017
2027 Notes	6,066			6,066			7.150%	7.11%	5/15/2027
2028 Notes	31,883			55,261			7.600%	8.13%	7/15/2028
2032 Notes	10,514			11,500			7.750%	7.87%	4/15/2032
2014 Notes	81,149			79,683			6.420%	6.54%	6/1/2014
2017 II Notes	101,778			106,745			5.950%	6.37%	5/15/2017
Subtotal	$	445,916		$	474,150
Unamortized Discounts	980			2,570
Senior Unsecured Notes, Gross	$	446,896		$	476,720
Unsecured Credit Facility*	$	173,000		$	98,000		1.666%	1.666%	9/29/2017

* The maturity date may be extended an additional year at our election, subject to certain restrictions.

Mortgage Loans Originated

During the year ended December 31, 2012, we originated the following mortgage loans:

Mortgage Financing	Loan Principal		Interest Rate		Origination Date	Maturity Date	Amortization Period	Number of Industrial Properties Collateralizing Mortgage	GLA (In millions)	Properties Carrying Value at December 31, 2012
I-VI	$	100,599	4.03	%	August 2012	September 2022	30-year	31	3.8	$	103,671

Senior Unsecured Notes Repurchases

During the years ended December 31, 2013 and 2012, we repurchased and retired the following senior unsecured notes prior to maturity:

	Principal Amount Repurchased				Purchase Price
	For the Year Ended December 31, 2013		For the Year Ended December 31, 2012		For the Year Ended December 31, 2013		For the Year Ended December 31, 2012
2014 Notes	$	—	$	9,000	$	—	$	9,439
2017 Notes	430		4,223		482		4,632
2017 II Notes	5,000		—		5,300		—
2028 Notes	23,394		69,680		26,547		72,541
2032 Notes	1,000		23,400		1,163		24,001
Total	$	29,824	$	106,303	$	33,492	$	110,613

Schedule of Maturities of Long-Term Debt

The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:

	Amount
2014	$	113,321
2015	37,762
2016	272,618
2017	341,723
2018	168,341
Thereafter	363,906
Total	$	1,297,671

Summary of Indebtedness at Estimated Fair Value

At December 31, 2013 and 2012, the fair value of our indebtedness was as follows:

	December 31, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage Loans Payable, Net	$	677,890	$	684,914	$	763,616	$	814,915
Senior Unsecured Debt, Net	445,916		482,781		474,150		516,943
Unsecured Credit Facility	173,000		173,000		98,000		98,192
Total	$	1,296,806	$	1,340,695	$	1,335,766	$	1,430,050