Debt

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Debt

9. Debt

The following is a summary of our debt:

(Amounts in thousands)			Interest Rate at		Balance as of
			June 30, 2017		June 30, 2017		December 31, 2016
Mortgages Payable:
	Fixed rate			3.84%	$	6,084,795	$	6,099,873
	Variable rate			2.93%		3,502,460		3,274,424
		Total		3.51%		9,587,255		9,374,297
	Deferred financing costs, net and other					(84,561)		(96,034)
		Total, net			$	9,502,694	$	9,278,263
Unsecured Debt:
	Senior unsecured notes			3.68%	$	850,000	$	850,000
	Deferred financing costs, net and other					(3,714)		(4,423)
		Senior unsecured notes, net				846,286		845,577
	Unsecured term loan			2.37%		375,000		375,000
	Deferred financing costs, net and other					(2,025)		(2,785)
		Unsecured term loan, net				372,975		372,215
	Unsecured revolving credit facilities			2.14%		115,630		115,630
		Total, net			$	1,334,891	$	1,333,422

On June 20, 2017, we completed a $220,000,000 financing of The Bartlett, a 699-unit residential building with a 39,000 square foot Whole Foods Market at its base, located in Arlington, Virginia. The five-year interest-only loan is at LIBOR plus 1.70% (2.90% at June 30,2017), and matures in June 2022. On July 17, 2017, the property, the loan and the $217,000,000 of net proceeds were transferred to JBGS in connection with the tax-free spin-off of our Washington, DC segment.