On January 1, 2015, we redeemed all of the $500,000,000 principal amount of our outstanding 4.25% senior unsecured notes, which were scheduled to mature on April 1, 2015, at a redemption price of 100% of the principal amount plus accrued interest through December 31, 2014.

On April 1, 2015, we completed a $308,000,000 refinancing of RiverHouse Apartments, a three building, 1,670 unit rental complex located in Arlington, VA. The loan is interest-only at LIBOR plus 1.28% and matures in 2025. We realized net proceeds of approximately $43,000,000. The property was previously encumbered by a 5.43%, $195,000,000 mortgage maturing in April 2015 and a $64,000,000 mortgage at LIBOR plus 1.53% maturing in 2018.

On June 2, 2015, we completed a $205,000,000 financing in connection with the acquisition of 150 West 34th Street (see Note 4 – Acquisitions). The loan bears interest at LIBOR plus 2.25% and matures in 2018 with two one-year extension options.

(Amounts in thousands)		Interest Rate at		Balance at
		June 30, 2015		June 30, 2015		December 31, 2014
Mortgages Payable:
	Fixed rate		4.43%	$	6,349,878	$	6,499,396
	Variable rate		2.16%		2,212,436		1,763,769
			3.85%	$	8,562,314	$	8,263,165

Unsecured Debt:
	Senior unsecured notes		3.68%	$	847,463	$	1,347,159
	Revolving credit facility debt		1.24%		400,000		-
			2.90%	$	1,247,463	$	1,347,159