XML 51 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Revolving Credit Facilities, Term Loans, Mortgages Payable and Scheduled Principal Repayments (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Information Regarding Company's Revolving Credit Facilities, Term Loans and Mortgages Payable

The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below), Term Loans (as defined below) and mortgages payable (in millions):

 

 

 

Carrying Value at

December 31,

 

 

Weighted-Average

Interest Rate(A) at

December 31,

 

 

Maturity Date at

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

December 31, 2014

Unsecured indebtedness:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured Credit Facility

 

$

29.0

 

 

$

29.1

 

 

 

2.2%

 

 

 

2.2%

 

 

April 2017

PNC Facility

 

 

 

 

 

 

 

N/A

 

 

N/A

 

 

April 2017

Unsecured Term Loan Tranche 1

 

 

50.0

 

 

 

50.0

 

 

 

2.1%

 

 

 

2.1%

 

 

January 2017

Unsecured Term Loan Tranche 2

 

 

300.0

 

 

 

300.0

 

 

 

3.2%

 

 

 

3.2%

 

 

January 2019

Secured indebtedness:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured Term Loan

 

 

400.0

 

 

 

400.0

 

 

 

1.6%

 

 

 

1.8%

 

 

April 2017

Mortgage indebtedness Fixed Rate

 

 

1,590.6

 

 

 

1,663.7

 

 

 

5.4%

 

 

 

5.2%

 

 

September 2015February 2022

Mortgage indebtedness Variable Rate

 

 

99.2

 

 

 

97.7

 

 

 

1.4%

 

 

 

1.8%

 

 

March 2016December 2037

(A)

Interest rate on variable-rate debt calculated using the base rate and spreads in effect at December 31, 2014 and 2013.  

Scheduled Principal Payments

The scheduled principal payments of the Revolving Credit Facilities, Term Loans, senior notes (Note 7) and mortgages payable, excluding extension options, as of December 31, 2014, are as follows (in thousands):

 

Year

 

Amount

 

2015

 

$

959,015

 

2016

 

 

414,920

 

2017

 

 

1,011,975

 

2018

 

 

505,211

 

2019

 

 

185,819

 

Thereafter

 

 

2,128,113

 

 

 

 

5,205,053

 

Unamortized fair market value of assumed debt

 

 

29,654

 

Total indebtedness

 

$

5,234,707