Revolving Credit Facilities

3 Months Ended

Mar. 31, 2013

Revolving Credit Facilities

Revolving Credit Facilities

G. Revolving Credit Facilities

As of March 31, 2013 and December 31, 2012, neither the Company nor the Partnership had loans or letters of credit outstanding under their respective revolving credit facilities. Commitment fees averaging approximately 5 basis points in the three months ended March 31, 2013 and 7.5 basis points in the three months ended March 31, 2012 were paid to maintain credit availability under the Company’s revolving credit facility.  The Partnership incurred commitment fees averaging approximately 6.25 basis points in the three months ended March 31, 2013 to maintain credit availability under its revolving credit facility.

Neither the Company nor the Partnership had any short-term loans outstanding at any time during the three months ended March 31, 2013 and 2012.