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Indebtedness
6 Months Ended
Jun. 30, 2012
Indebtedness [Abstract]  
Indebtedness
Indebtedness

Mortgage Loans
During the six months ended June 30, 2012, the Company used proceeds from its unsecured credit facility together with available cash on hand to repay mortgage loans totaling $24.4 million bearing interest at an average rate of 7.47%.

During the six months ended June 30, 2012, the Company closed on a mortgage with $45.0 million of available funds bearing interest at 4.84%. As of June 30, 2012, there was $17.3 million outstanding on this loan. The net proceeds from this mortgage were used for construction costs on a property under development.

Unsecured Notes
During the six months ended June 30, 2012, the Company issued $400 million of 10-year, 4.125% senior unsecured notes. The net proceeds from this issuance were used to repay borrowings under the Company's Credit Facility and for general corporate purposes.