Note 9 - Notes, Mortgages and Construction Loan Payable

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Mortgage Notes Payable Disclosure [Text Block]

9. Notes, Mortgages and Construction Loan Payable

Notes Payable –

During the nine months ended September 30, 2019, the Company issued the following senior unsecured notes (dollars in millions):

Date Issued	Maturity Date	Amount Issued		Interest Rate
Aug-19	Oct-49	$	350.0	3.70%

As of September 30, 2019, the Company’s unsecured revolving credit facility of $2.25 billion had an outstanding balance of $200.0 million and $0.3 million appropriated for letters of credit.

Mortgages and Construction Loan Payable -

During the nine months ended September 30, 2019, the Company repaid $6.2 million of mortgage debt that encumbered two operating properties.

As of September 30, 2019, the Company’s construction loan commitment of $67.0 million relating to one of its development projects had an outstanding balance of $59.7 million.