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Mortgage Note Payable
6 Months Ended
Jun. 30, 2015
Mortgage Note Payable [Abstract]  
Mortgage Note Payable

6. Mortgage note payable

 

The Company has one mortgage note payable with a fixed interest rate of 5.45%, secured by 4.8 million square feet of commercial properties with a net book value of $423.2 million. The interest is payable monthly, and the mortgage note payable has a maturity date of December, 2016. The Company had $250.0 million outstanding on the mortgage note payable as of June 30, 2015 and December 31, 2014.