Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Instrument [Line Items]

Outstanding debt instruments

The following table identifies our total debt outstanding and weighted average interest rates:

	June 30, 2014				December 31, 2013
			Weighted				Weighted
	Balance		Average Interest		Balance		Average Interest
(Dollar amounts in thousands)	Outstanding		Rate		Outstanding		Rate
Fixed Rate Debt:
Secured	$	249,911	4.9	%	$	271,374	4.9	%
Unsecured - notes	250,000		4.4	%	250,000		4.4	%
Total Fixed Rate Debt	499,911		4.7	%	521,374		4.7	%
Variable Rate Debt Swapped to Fixed:
Unsecured - term loan	125,000		3.0	%	125,000		3.0	%
Total Variable Rate Debt Swapped to Fixed	125,000		3.0	%	125,000		3.0	%
Variable Rate Debt Unhedged:
Secured	28,881		1.5	%	8,100		1.5	%
Unsecured - revolver	36,000		1.5	%	133,500		1.5	%
Unsecured - term loan	25,000		1.9	%	25,000		1.9	%
Total Variable Rate Debt Unhedged	89,881		1.6	%	166,600		1.5	%
Total Debt	$	714,792	4.0	%	$	812,974	3.8	%

Mortgage notes payable

The following table provides information on mortgage loans repaid during the six months ended June 30, 2014:

(Dollar amounts in thousands)	Loans Repaid
Property	Amount		Interest Rate
Residence at White River	$	9,221	5.4%
Spring Valley	10,817		5.4%
Total/weighted average rate	$	20,038	5.4%	(1)

(1) Represents weighted average interest rate for the loans listed.