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Debt (Tables)
6 Months Ended
Jun. 30, 2015
Debt Instrument [Line Items]  
Outstanding debt instruments
The following table identifies our total debt outstanding and weighted average interest rates:
 
June 30, 2015
 
December 31, 2014
 
 
 
Weighted
 
 
 
Weighted
 
Balance
 
Average Interest
 
Balance
 
Average Interest
(Dollar amounts in thousands)
Outstanding
 
Rate
 
Outstanding
 
Rate
Fixed Rate Debt:
 
 
 
 
 
 
 
Secured
$
222,419

 
4.8
%
 
$
223,934

 
4.8
%
Unsecured - notes
250,000

 
4.4
%
 
250,000

 
4.4
%
Total Fixed Rate Debt
472,419

 
4.6
%
 
473,934

 
4.6
%
 
 
 
 
 
 
 
 
Variable Rate Debt Swapped to Fixed:
 
 
 
 
 
 
 
Unsecured - term loan (1) (2)
125,000

 
2.7
%
 
125,000

 
2.7
%
Unsecured - term loan (3)
25,000

 
1.6
%
 

 
%
Total Variable Rate Debt Swapped to Fixed
150,000

 
2.5
%
 
125,000

 
2.7
%
 
 
 
 
 
 
 
 
Variable Rate Debt Unhedged:
 
 
 
 
 
 
 
Secured
65,936

 
1.5
%
 
48,679

 
1.5
%
Unsecured - revolving credit facility
136,000

 
1.5
%
 
76,500

 
1.5
%
Unsecured - term loan (3)

 
%
 
25,000

 
1.6
%
Total Variable Rate Debt Unhedged
201,936

 
1.5
%
 
150,179

 
1.5
%
Total Debt
$
824,355

 
3.4
%
 
$
749,113

 
3.7
%