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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2013
Indebtedness  
Composition of outstanding indebtedness
  December 31,  
 
   2013   2012  

Unsecured revolving credit facility, due in 2015

   $ 157,000   $ 49,500  

Unsecured term loan, due in 2017

     350,000     350,000  

Mortgage note payable, 5.73% interest rate, including unamortized premium of $409 and $621, respectively, due in 2015(1)

     48,377     49,274  

Mortgage note payable, 6.21% interest rate, due in 2016(1)

     24,147     24,441  

Mortgage note payable, 7.00% interest rate, including unamortized premium of $749 and $878, respectively, due in 2019(1)

     9,919     10,247  

Mortgage note payable, 8.15% interest rate, including unamortized premium of $525 and $651, respectively, due in 2021(1)

     8,284     9,165  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 597,727   $ 492,627  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
(1)
We assumed these mortgages in connection with our acquisitions of certain properties. The stated interest rates for these mortgage debts are the contractually stated rates. We recorded the assumed mortgages at estimated fair value on the date of acquisition and we are amortizing the fair value premiums, if any, to interest expense over the respective terms of the mortgages to reduce interest expense to the estimated market interest rates as of the date of acquisition.
Schedule of the principal payments due of the outstanding debt

The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2013 are as follows:

2014

   $ 2,072  

2015

     205,691  

2016

     24,708  

2017

     351,307  

2018

     1,415  

Thereafter

     10,851  
       
​ ​ ​ ​ ​

 

   $ 596,044  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​