Indebtedness (Tables)

12 Months Ended

Dec. 31, 2015

Indebtedness

Composition of outstanding indebtedness

	December 31,		December 31,
	2015		2014
Unsecured revolving credit facility, due in 2019	$	117,000	$	—
Unsecured term loan, due in 2020		300,000		300,000
Unsecured term loan, due in 2022		250,000		250,000
Senior unsecured notes, 3.75% interest rate, including unamortized discounts of $2,019and $2,577,
respectively, due in 2019		347,981		347,423
Mortgage note payable, 5.55%interest rate, including unamortized premiums of $441and $2,167,
respectively, due in 2016(1) (2)		83,441		85,167
Mortgage note payable, 6.21%interest rate, due in 2016(1) (3)		23,499		23,833
Mortgage note payable, 5.88%interest rate, due in 2021(1)		14,160		14,374
Mortgage note payable, 7.00%interest rate, including unamortized premiums of $470and $605,
respectively, due in 2019(1)		9,199		9,563
Mortgage note payable, 8.15%interest rate, including unamortized premiums of $292and $398,
respectively, due in 2021(1)		6,344		7,339
Mortgage note payable, 5.73%interest rate, including unamortized premiums of $0and $177,
respectively, due in 2015(1)(4)		—		47,418
	$	1,151,624	$	1,085,117

⁽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.

⁽²⁾ We gave notice in January 2016 to repay this mortgage at par in March 2016.

⁽³⁾ This mortgage was repaid at par in February 2016.

⁽⁴⁾ This mortgage was repaid at par in July 2015.