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Subsequent Events Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
Subsequent to September 30, 2013, we acquired additional real estate assets totaling $85.6 million, including a 350,000 square foot in-fill shopping center in Austin, Texas.
Subsequent to September 30, 2013, we entered an agreement with our joint venture partners. Pursuant to the agreement, we settled a lawsuit filed against our joint venture partner in connection with a development project in Sheridan, Colorado and paid down a $16.1 million note receivable (see Note 5 for further information) in exchange for cash and real property totaling $19.1 million, receipt of our partner’s interest in two consolidated joint ventures resulting in an increase of approximately $16.2 million in noncontrolling interests and distribution of our interest in two unconsolidated joint ventures with total assets of $23.2 million at September 30, 2013.
Subsequent to September 30, 2013, we executed a non-binding letter of intent to dissolve a consolidated joint venture with $172.5 million in total assets, in which we have a 30% ownership interest, through a distribution of properties to each partner. Pursuant to this agreement, a $100 million note payable was repaid prior to maturity.
On October 15, 2013, we issued $250 million of 4.45% senior unsecured notes maturing in 2024. The notes were issued at 99.58% of the principal amount with a yield to maturity of 4.50%. The net proceeds received of $247.3 million were used to reduce all amounts outstanding under our $500 million unsecured revolving credit facility, and net excess proceeds were invested in short-term instruments and will be used to pay down future debt maturities or for general business purposes. In connection with the issuance of these notes, we received $6.1 million associated with the settlement of our three forward-starting interest rate contracts with an aggregate notional amount of $150 million.
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