6.	Notes Payable

The following table summarizes our notes payable:

	March 31, 2014			December 31, 2013			Contractual Maturity Date		Interest Rate
Fixed Rate Debt
RIF V - Jersey, LLC	$	5,145,000	⁽¹⁾	$	5,189,000	⁽¹⁾	1/1/2015			5.45	%	⁽²⁾
The Park		3,148,000	⁽³⁾		3,177,000	⁽³⁾	3/1/2031			5.13	%	⁽⁴⁾
Variable Rate Debt
RIF V - Glendale Commerce Center, LLC		42,750,000			42,750,000		5/1/2016	⁽⁵⁾	LIBOR + 2.00%
Term Loan ⁽⁶⁾		60,000,000			60,000,000		8/1/2019		LIBOR + 1.90%
Unsecured Credit Facility
$200M Facility		101,875,000			81,375,000		7/24/2016	⁽⁵⁾	LIBOR + 1.50%			⁽⁷⁾
Total	$	212,918,000		$	192,491,000

(1)	Includes unamortized debt premium of $38,000 at March 31, 2014 and $50,000 at December 31, 2013.

(2)	Monthly payments of interest and principal based on 30-year amortization table.

(3)	Includes unamortized debt discount of $117,000 at March 31, 2014 and $118,000 at December 31, 2013.

(4)	Monthly payments of interest and principal based on 20-year amortization table.

(5)	Two additional one year extensions available at the borrower’s option.

(6)	Loan is secured by six properties and has one additional one year extension available.

(7)	The facility additionally bears interest at 0.30% or 0.20% of the daily unused commitment, if the balance is under $100 million or over $100 million, respectively. The daily unused commitment is calculated as $200 million less the daily outstanding balance.

The following table summarizes the stated debt maturities and scheduled amortization payments, excluding debt discounts and premiums, as of March 31, 2014 and does not consider extension options available to us as noted above:

April 1, 2014 - December 31, 2014	$	186,000
2015		5,141,000
2016		144,760,000
2017		142,000
2018		150,000
Thereafter		62,618,000
Total⁽¹⁾	$	212,997,000

(1)	Includes gross principal balance of outstanding debt before impact of the $79,000 net debt discount.

Unsecured Revolving Credit Facility

As of March 31, 2014 we had $101.9 million outstanding under the facility, with additional availability of $85.2 million. The amount available for us to borrow under the facility is subject to the lesser of the then applicable facility amount, a percentage of the net operating income of our properties that form the borrowing base of the facility, and a minimum implied debt service coverage ratio.

Our ability to borrow under the revolving credit facility is subject to our ongoing compliance with a number of customary restrictive covenants, including a maximum leverage ratio, a maximum secured leverage ratio, a maximum recourse debt ratio, a minimum fixed charge coverage ratio, an unencumbered debt yield ratio, and a minimum tangible net worth requirement. Additionally, under the revolving credit facility, our distributions may not exceed the greater of (i) 95.0% of our funds from operations or (ii) the amount required for us to qualify and maintain our status as a REIT and avoid the payment of federal or state income or excise tax in any 12 month period. If a default or event of default occurs and is continuing, we may be precluded from making certain distributions (other than those required to allow us to qualify and maintain our status as a REIT). The revolving credit facility also includes cross-default provisions with respect to certain of our other indebtedness.