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Details of Indebtedness (Detail) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Premium (discount), net [1] $ (67) $ (221)
Loan costs, net (7,213) (8,610)
Total mortgages and other notes payable, net 936,723 831,825
Credit facilities 641,989 656,284
Total borrowings 1,578,712 1,488,109
Revolving Credit Facility    
Debt Instrument [Line Items]    
Credit facilities [2],[3] 194,863 225,000
First Term Loan Facility    
Debt Instrument [Line Items]    
Credit facilities [4] 175,000 175,000
Second Term Loan Facility    
Debt Instrument [Line Items]    
Credit facilities [2] 275,000 260,000
Term Loan Facility    
Debt Instrument [Line Items]    
Loan costs, net (2,874) (3,716)
Mortgages payable and other notes payable    
Debt Instrument [Line Items]    
Mortgages payable and other notes payable [5] 944,003 840,656
Fixed rate debt    
Debt Instrument [Line Items]    
Mortgages payable and other notes payable 382,129 391,639
Variable Rate Debt    
Debt Instrument [Line Items]    
Mortgages payable and other notes payable [4] $ 561,874 $ 449,017
[1] Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates.
[2] As of December 31, 2016 and 2015, the Company had entered into interest rate caps with notional amounts of approximately $410.0 million and $260.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[3] As of December 31, 2016 and 2015, the Company had undrawn availability under the Revolving Credit Facility of approximately $11.1 million and $20.0 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan.
[4] As of December 31, 2016 and 2015, the Company had entered into interest rate swaps with notional amounts of approximately $521.5 million and $480.7 million, respectively, which were settling on a monthly basis. In addition, as of December 31, 2015, the Company had entered into forward-starting interest rate swaps for total notional amounts of approximately $48.4 million in order to hedge its exposure to variable rate debt beginning in June 2016. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[5] As of December 31, 2016 and 2015, the Company’s mortgages and other notes payable are collateralized by 75 and 65 properties, respectively, with total carrying value of approximately $1.6 billion and $1.4 billion, respectively.