Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt

Summary of the mortgage notes payable and the credit facility

Loan	Interest Rate(1)	Principal outstanding as of June 30, 2012		Principal outstanding as of December 31, 2011		Current Maturity
Wells Fargo Master Loan—Fixed Amount	LIBOR + 3.00%	$	124,808	$	134,066	Oct-31-2013
CIGNA-1 Facility	6.50%	60,013		60,369		Feb-1-2018
CIGNA-2 Facility	5.75%	61,282		59,186		Feb-1-2018
CIGNA-3 Facility	5.88%	17,150		17,150		Oct-1-2019
Bank of America, N.A	7.05%	—		8,324		Aug-1-2027
Credit Facility	LIBOR + 2.50%	5,000		—		Apr-20-2014
Union Fidelity Life Insurance Co.(2)	5.81%	7,064		7,227		Apr-30-2017
Webster Bank National Association	4.22%	6,056		6,128		Aug-4-2016
Webster Bank National Association(3)	3.66%	3,243		—		May-29-2017
Webster Bank National Association(4)	3.64%	3,493		—		May-31-2017
Sun Life Assurance Company of Canada (U.S.)(5)	6.05%	4,205		4,329		Jun-1-2016
		$	292,314	$	296,779

(1)Current interest rate as of June 30, 2012. At June 30, 2012 and December 31, 2011, the one-month LIBOR rate was 0.246% and 0.295%, respectively.

(2)This loan was assumed at the acquisition of the Berkeley, MO property and the principal outstanding includes an unamortized fair market value premium of $0.2 million as of June 30, 2012.

(3)This loan was entered into on May 29, 2012 with an outstanding principal amount of $3.25 million. The loan is collateralized by a property located in Portland, ME.

(4)This loan was entered into on May 31, 2012 with an outstanding principal amount of $3.5 million. The loan is collateralized by a property located in East Windsor, CT.

(5)Principal outstanding includes an unamortized fair market value premium of $0.3 million as of June 30, 2012.

Schedule of aggregate carrying value of the debt and the corresponding estimate of fair value

	June 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage notes payable	$	287,314	$	289,127	$	296,779	$	298,417
Credit facility	$	5,000	$	5,000	$	—	$	—