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Debt Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
The following tables summarize the Company’s unsecured note balances and certain interest rate and maturity date information as of and for the years ended December 31, 2013 and 2012, respectively:
December 31, 2013
 (Amounts are in thousands)
 
Net Principal Balance
 
Interest Rate Ranges
 
Weighted Average Interest Rate
 
Maturity Date Ranges
Fixed Rate Public/Private Notes (1)
 
$
4,727,088

 
3.00% - 7.57%
 
5.55%
 
2014 - 2026
Floating Rate Public/Private Notes (1)
 
750,000

 
(1) (2)
 
1.58%
 
2015
Totals
 
$
5,477,088

 
 
 
 
 
 


December 31, 2012
(Amounts are in thousands)
 
Net Principal Balance
 
Interest Rate Ranges
 
Weighted Average Interest Rate
 
Maturity Date Ranges
Fixed Rate Public/Private Notes (1)
 
$
4,329,352

 
4.625% - 7.57%
 
5.70%
 
2013 - 2026
Floating Rate Public/Private Notes (1)
 
301,523

 
(1)
 
1.83%
 
2013
Totals
 
$
4,630,875

 
 
 
 
 
 


(1)
At December 31, 2012, $300.0 million in fair value interest rate swaps converts a portion of the $400.0 million face value 5.200% notes due April 1, 2013 to a floating interest rate. On April 1, 2013, the Company paid off the $400.0 million outstanding of its 5.200%  public notes at maturity and the related fair value interest rate swaps matured.
(2)
Includes the Company's senior unsecured $750.0 million delayed draw term loan facility that matures on January 11, 2015 and is subject to a one-year extension option exercisable by the Company. The interest rate on advances under the term loan facility will generally be LIBOR plus a spread (currently 1.20%), which is dependent on the credit rating of the Company's long-term debt.
Aggregate payments of principal on unsecured notes payable
The following table provides a summary of the aggregate payments of principal on all debt for each of the next five years and thereafter (amounts in thousands):
Year
 
Total (1)
2014
 
$
561,084

2015
 
1,170,448

2016
 
1,193,251

2017
 
1,347,191

2018

297,016

Thereafter
 
6,209,697

Net Unamortized (Discount)
 
(12,433
)
Total
 
$
10,766,254


(1)
Premiums and discounts are amortized over the life of the debt.