Notes Payable and Unsecured Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of long-term debt

The Company’s debt outstanding as of March 31, 2014 and December 31, 2013 consists of the following (in thousands):

		2014	2013
Notes payable:
Fixed rate mortgage loans	$	520,134	444,245
Variable rate mortgage loans		37,100	37,100
Fixed rate unsecured loans		1,298,456	1,298,352
Total notes payable		1,855,690	1,779,697
Unsecured credit facilities
Line of Credit		70,000	—
Term Loan		75,000	75,000
Total unsecured credit facilities		145,000	75,000
Total debt outstanding	$	2,000,690	1,854,697

Schedule of maturities of long-term debt

As of March 31, 2014, scheduled principal payments and maturities on notes payable were as follows (in thousands):

Scheduled Principal Payments and Maturities by Year:		Scheduled Principal Payments	Mortgage Loan Maturities	Unsecured Maturities (1)		Total
2014	$	5,741	15,538	150,000		171,279
2015		6,358	82,685	350,000		439,043
2016		5,867	41,421	145,000		192,288
2017		5,121	115,857	400,000		520,978
2018		4,165	57,358	—		61,523
Beyond 5 Years		17,224	190,301	400,000		607,525
Unamortized debt premiums (discounts), net		—	9,598	(1,544	)	8,054
Total	$	44,476	512,758	1,443,456		2,000,690

⁽¹⁾ Includes unsecured public debt and unsecured credit facilities.