Debt (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014 and December 31, 2013:

Notes Payable	June 30, 2014		December 31, 2013
	(In thousands)
Senior unsecured notes	$	210,000	$	110,000
Unsecured term loan facilities	210,000		255,000
Fixed rate mortgages	298,203		329,875
Unsecured revolving credit facility	—		27,000
Junior subordinated notes	28,125		28,125
	746,328		750,000
Unamortized premium	2,826		3,174
	$	749,154	$	753,174
Capital lease obligation (1)	$	5,510	$	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 June 30, 2014:

Year Ending December 31,
	(In thousands)
2014 (July 1  - December 31)	$	1,784
2015	85,250
2016	22,710
2017	112,222
2018	84,244
Thereafter	440,118
Subtotal debt	746,328
Unamortized premium	2,826
Total debt (including unamortized premium)	$	749,154