XML 50 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2
Debt And Lines Of Credit (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of debt and lines of credit [Table Text Block]
The following table sets forth certain information regarding debt including premiums, discounts and deferred financing costs (in thousands):
 
Principal
Outstanding
 
Weighted Average
Years to Maturity
 
Weighted Average
Interest Rates
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
Collateralized term loans - CMBS
$
492,294

 
$
639,321

 
5.6
 
5.3
 
5.2
%
 
5.3
%
Collateralized term loans - FNMA
1,046,803

 
789,612

 
6.6
 
5.8
 
4.3
%
 
4.6
%
Collateralized term loans - Life Companies
888,705

 
500,133

 
12.2
 
14.4
 
3.9
%
 
4.1
%
Collateralized term loans - FMCC
391,765

 
196,201

 
7.9
 
9.0
 
3.9
%
 
4.0
%
Secured borrowing
144,477

 
140,440

 
15.7
 
15.6
 
10.0
%
 
10.2
%
Preferred OP units - mandatorily redeemable
45,903

 
45,903

 
5.4
 
6.1
 
6.9
%
 
6.9
%
Lines of credit
100,095

 
24,687

 
3.6
 
4.6
 
2.1
%
 
1.6
%
Total debt
$
3,110,042

 
$
2,336,297

 
8.5
 
8.4
 
4.5
%
 
5.0
%
Maturities and Amortization of debt and lines of credit [Table Text Block]
As of December 31, 2016, the total of maturities and amortization of our debt (excluding premiums and discounts) and lines of credit during the next five years are as follows (in thousands):

 
Maturities and Amortization By Year
 
Total Due
 
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
Lines of credit
$
100,344

 
$

 
$
2,889

 
$

 
$
97,455

 
$

 
$

Mortgage loans payable:
 
 
 
 
 
 
 
 
 
 
 
 
 
Maturities
2,246,200

 
32,688

 
26,186

 
64,314

 
58,078

 
270,680

 
1,794,254

Principal amortization
554,358

 
51,878

 
53,318

 
54,035

 
54,575

 
53,436

 
287,116

Preferred OP units
45,903

 
11,240

 

 

 

 

 
34,663

Secured borrowing
144,477

 
5,645

 
6,186

 
6,727

 
7,341

 
7,888

 
110,690

Total
$
3,091,282

 
$
101,451

 
$
88,579

 
$
125,076

 
$
217,449

 
$
332,004

 
$
2,226,723