Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Summary of Mortgages, Notes Payable and Capital Lease Obligation

The following table summarizes our mortgages and notes payable and capital lease obligation as of March 31, 2014 and December 31, 2013:

Notes Payable	March 31, 2014		December 31, 2013
	(In thousands)
Senior unsecured notes	$	110,000	$	110,000
Unsecured term loan facilities	255,000		255,000
Fixed rate mortgages	299,063		329,875
Unsecured revolving credit facility	49,000		27,000
Junior subordinated notes	28,125		28,125
	741,188		750,000
Unamortized premium	2,999		3,174
	$	744,187	$	753,174
Capital lease obligation (1)	$	5,599	$	5,686

⁽¹⁾  99 year ground lease expires 9/30/2103.  However, an anchor tenant’s exercise of its option to purchase its parcel in October 2014 would require us to purchase the real estate that is subject to the ground lease.

Scheduled Principal Payments on Mortgages and Notes Payable

The following table presents scheduled principal payments on mortgages and notes payable as of March 31, 2014:

Year Ending December 31,
	(In thousands)
2014 (April 1  - December 31)	$	2,644
2015	85,250
2016 (1)	71,710
2017	232,222
2018	84,244
Thereafter	265,118
Subtotal debt	741,188
Unamortized premium	2,999
Total debt (including unamortized premium)	$	744,187

⁽¹⁾  Scheduled maturities in 2016 include $49.0 million which represents the balance of the unsecured revolving credit facility drawn as of March 31, 2014.