Notes Payable (Tables)

9 Months Ended

Sep. 30, 2012

Notes To Financial Statements [Abstract]

Debt Structure [Table Text Block]

	Borrowed Balance		Effective Rate		Contract Maturity
Fixed Rate Secured Debt
Individual property mortgages	$	373,575	4.8	%	8/28/2019
FNMA conventional credit facilities	50,000		4.7	%	3/31/2017
Credit facility balances with:
LIBOR-based interest rate swaps	409,000		5.3	%	2/3/2014
SIFMA-based interest rate swaps	17,800		4.4	%	10/15/2012
Total fixed rate secured debt	$	850,375	5.0	%	9/10/2016
Variable Rate Secured Debt (1)
FNMA conventional credit facilities	$	189,721	0.8	%	4/20/2016
FNMA tax-free credit facilities	72,715		1.0	%	7/23/2031
Freddie Mac credit facilities	64,247		0.8	%	7/1/2014
Freddie Mac mortgage	15,200		3.6	%	12/10/2015
Total variable rate secured debt	$	341,883	1.0	%	3/11/2019
Total Secured Debt	$	1,192,258	3.9	%	5/30/2017
Unsecured Debt
Variable rate credit facility	$	108,000	1.3	%	11/1/2015
Term loan fixed with swaps	150,000		2.7	%	3/1/2017
Fixed rate senior private placement bonds	256,000		4.6	%	5/30/2021
Total Unsecured Debt	$	514,000	3.4	%	12/31/2018
Total Outstanding Debt	$	1,706,258	3.7	%	11/21/2017

⁽¹⁾ Includes capped balances.