Indebtedness (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Fair Value, Liabilities Measured on a Recurring Basis, Disclosure Only

The following table summarizes the book value and changes in the fair value of our debt (in thousands):

	Book Value at 12/31/2016		Book Value at 3/31/2017		Fair Value at 12/31/2016		Issuances and Assumptions		Payments/Payoffs			Adjustments to Fair Value			Fair Value at 3/31/2017
Fixed rate secured debt	$	381,894	$	364,306	$	415,231	$	—	$	(17,539	)	$	(4,807	)	$	392,885
Variable rate secured debt	2,800		2,800		2,800		—		—			—			2,800
Unsecured debt	2,498,835		2,498,220		2,568,034		—		(616		)	(790		)	2,566,628
Unsecured line of credit	48,000		237,000		48,000		189,000		—			—			237,000
Total	$	2,931,529	$	3,102,326	$	3,034,065	$	189,000	$	(18,155	)	$	(5,597	)	$	3,199,313
Less: Deferred financing costs	23,052		22,064
Total indebtedness as reported on the consolidated balance sheets	$	2,908,477	$	3,080,262

Unsecured Line of Credit

Our unsecured line of credit at March 31, 2017 is described as follows (in thousands):

Description	Borrowing Capacity		Maturity Date	Outstanding Balance at March 31, 2017
Unsecured Line of Credit - Partnership	$	1,200,000	January 2019	$	237,000