Notes Payable and Unsecured Credit Facility (Tables)

6 Months Ended

Jun. 30, 2015

The Company’s debt outstanding as of June 30, 2015 and December 31, 2014 consisted of the following (amounts in thousands):



	June 30, 2015		December 31, 2014
Notes payable:
Fixed rate notes payable	$	132,762	$	134,271
Variable rate notes payable fixed through interest rate swaps	240,046		206,162
Variable rate notes payable	177,017		150,476
Total notes payable	549,825		490,909
Unsecured credit facility:
Revolving line of credit	133,000		—
Term loan	75,000		75,000
Total unsecured credit facility	208,000		75,000
Total debt outstanding	$	757,825	$	565,909

Schedule of Future Principal Payments Due on Debt

The principal payments and balloon payments due on the notes payable and the unsecured credit facility for the six months ending December 31, 2015 and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):



Year	Principal Payments		Balloon Payments (1)		Total Amount
Six months ending December 31, 2015	$	6,519	$	—	$	6,519
2016	13,009		13,441		26,450
2017	12,381		313,038		325,419
2018	10,277		140,313		150,590
2019	3,548		194,137		197,685
Thereafter	2,540		48,622		51,162
	$	48,274	$	709,551	$	757,825


(1)	Includes unsecured credit facility.