10.

Notes

ortgages

and Construction Loan

Payable

Notes Payable -

During the

nine

months ended

September 30, 2018,

the Company repaid the following notes (dollars in millions):

Type	Date Paid	Amount Repaid		Interest Rate			Maturity Date
Senior Unsecured Notes (1)	Aug-18	$	300.0		6.875	%	Oct-19
Senior Unsecured Notes (2)	Jun-18 & Jul-18	$	15.1		3.200	%	May-21

(

)

The Company recorded an early extinguishment of debt charge of

$12.8

million resulting from the early repayment of these notes.

(

)

As of

September 30, 2018,

these notes had an outstanding balance of

$484.9

million.

Mortgages

and Construction Loan

Payable -

During the

nine

months ended

September 30, 2018,

the Company (i) deconsolidated

$206.0

million of individual non-recourse mortgage debt relating to an operating property for which the Company

longer holds a controlling interest and (ii) repaid

$203.6

million of maturing mortgage debt (including fair market value adjustments of

$0.9

million) that encumbered

five

operating properties.

August 2018,

the Company closed on a construction loan commitment of

$67.0

million relating to

one

development property. This loan commitment is scheduled to mature in

August 2020,

with

six

additional

six

-month options to extend the maturity date to

August 2023

and bears interest at a rate of LIBOR plus

180

basis points (

3.96%

as of

September 30, 2018).

As of

September 30, 2018,

the construction loan had a balance of

$30.4

million outstanding.

During the

nine

months ended

September 30, 2018,

the Company disposed of an encumbered property through foreclosure. The transaction resulted in a net decrease in mortgage debt of

$12.4

million. In addition, the Company recognized a gain on forgiveness of debt of

$4.3

million and relief of accrued interest of

$3.4

million, both of which are included in Other income, net in the Company’s Condensed Consolidated Statements of Income.