Indebtedness (Tables)

6 Months Ended

Jun. 30, 2014

The following table discloses certain information regarding our indebtedness:



	Outstanding Balance at						Interest Rate at June 30, 2014	Effective Interest Rate at Issuance	Maturity Date
	June 30, 2014			December 31, 2013			Interest Rate at June 30, 2014	Effective Interest Rate at Issuance	Maturity Date
Mortgage Loans Payable, Net	$	631,137		$	677,890		4.03% – 8.26%	4.03% – 8.26%	January 2015 – September 2022
Unamortized Premiums	(102		)	(115		)
Mortgage Loans Payable, Gross	$	631,035		$	677,775
Senior Unsecured Notes, Net
2016 Notes	$	159,594		$	159,566		5.750%	5.91%	1/15/2016
2017 Notes	54,963			54,960			7.500%	7.52%	12/1/2017
2027 Notes	6,066			6,066			7.150%	7.11%	5/15/2027
2028 Notes	31,883			31,883			7.600%	8.13%	7/15/2028
2032 Notes	10,516			10,514			7.750%	7.87%	4/15/2032
2014 Notes	—			81,149			N/A	N/A	6/1/2014
2017 II Notes	101,792			101,778			5.950%	6.37%	5/15/2017
Subtotal	$	364,814		$	445,916
Unamortized Discounts	288			980
Senior Unsecured Notes, Gross	$	365,102		$	446,896
Unsecured Term Loan	$	200,000		N/A			1.901%	1.901%	1/29/2021
Unsecured Credit Facility*	$	187,000		$	173,000		1.652%	1.652%	9/29/2017

* The maturity date may be extended an additional year at our election, subject to certain restrictions.

Schedule of Maturities of Long-Term Debt

The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years as of June 30, 2014 and thereafter:



	Amount
Remainder of 2014	$	6,118
2015	37,179
2016	251,870
2017	355,723
2018	168,341
Thereafter	563,906
Total	$	1,383,137

Summary of Indebtedness at Estimated Fair Value

At June 30, 2014 and December 31, 2013, the fair value of our indebtedness was as follows:



	June 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage Loans Payable, Net	$	631,137	$	667,095	$	677,890	$	684,914
Senior Unsecured Debt, Net	364,814		403,458		445,916		482,781
Unsecured Term Loan	200,000		200,000		N/A		N/A
Unsecured Credit Facility	187,000		187,296		173,000		173,000
Total	$	1,382,951	$	1,457,849	$	1,296,806	$	1,340,695