Indebtedness (Tables)

12 Months Ended

Dec. 31, 2012

Information Regarding Indebtedness

The following table discloses certain information regarding our indebtedness:

	Outstanding Balance at						Interest Rate at December 31, 2012			Effective Interest Rate at Issuance			Maturity Date
	December 31, 2012			December 31, 2011
Mortgage and Other Loans Payable, Net	$	763,616		$	690,256			4.03% –8.26%			4.03% –8.26%		January 2014 – September 2022
Unamortized Premiums		(161	)		(305	)
Mortgage and Other Loans Payable, Gross	$	763,455		$	689,951
Senior Unsecured Notes, Net
2016 Notes	$	159,510		$	159,455			5.750	%		5.91	%	01/15/16
2017 Notes		55,385			59,600			7.500	%		7.52	%	12/01/17
2027 Notes		6,066			6,065			7.150	%		7.11	%	05/15/27
2028 Notes		55,261			124,894			7.600	%		8.13	%	07/15/28
2012 Notes		—			61,817			N/A			N/A		04/15/12
2032 Notes		11,500			34,683			7.750	%		7.87	%	04/15/32
2014 Notes		79,683			86,997			6.420	%		6.54	%	06/01/14
2017 II Notes		106,745			106,716			5.950	%		6.37	%	05/15/17
Subtotal	$	474,150		$	640,227
Unamortized Discounts		2,570			4,625
Senior Unsecured Notes, Gross	$	476,720		$	644,852
Unsecured Credit Facility	$	98,000		$	149,000			1.912	%		1.912	%	12/12/14

Mortgage Loans Originated

During the years ended December 31, 2012 and 2011, we originated or assumed 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)

Property Carrying Value at December 31, 2012

I-VI

$

100,599

4.03

%

August 29, 2012

September 2022

30-year

31

3.8

$

103,671

Mortgage Financing	Loan Principal		Interest Rate			Origination/Assumption Date	Maturity Date	Amortization Period	Number of Industrial Properties Collateralizing Mortgage		GLA (In millions)		Property Carrying Value at December 31, 2011
VII-XIV	$	178,300		4.45	%	May 2, 2011	June 2018	30-year		32		5.9	$	206,291
XV		24,417		5.579	%	May 26, 2011	February 2016	30-year		1		0.7		28,991
XVI-XXVI		77,600		4.85	%	September 23, 2011	October 2021	30-year		24		2.3		84,403
	$	280,317											$	319,685

Senior Unsecured Notes Repurchases

During the years ended December 31, 2012 and 2011, we repurchased and retired the following senior unsecured notes prior to maturity:

	Principal Amount Repurchased				Purchase Price
	For the Year Ended December 31, 2012		For the Year Ended December 31, 2011		For the Year Ended December 31, 2012		For the Year Ended December 31, 2011
2014 Notes	$	9,000	$	1,144	$	9,439	$	1,143
2016 Notes		—		500		—		475
2017 Notes		4,223		27,619		4,632		27,506
2017 II Notes		—		10,969		—		10,182
2027 Notes		—		7,500		—		7,500
2028 Notes		69,680		65,025		72,541		63,861
2032 Notes		23,400		—		24,001		—
	$	106,303	$	112,757	$	110,613	$	110,667

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
2013	$	14,339
2014		234,097
2015		63,636
2016		295,309
2017		174,153
Thereafter		556,641
Total	$	1,338,175

Summary of Indebtedness at Estimated Fair Value

At December 31, 2012 and 2011, the fair value of our indebtedness was as follows:

	December 31, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage and Other Loans Payable, Net	$	763,616	$	814,915	$	690,256	$	743,419
Senior Unsecured Debt, Net		474,150		516,943		640,227		630,622
Unsecured Credit Facility		98,000		98,192		149,000		149,000
Total	$	1,335,766	$	1,430,050	$	1,479,483	$	1,523,041