XML 58 R56.htm IDEA: XBRL DOCUMENT v2.3.0.15
Unsecured Revolving Credit Facility (Narrative) (Details) (USD $)
9 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Borrowing capacity under the credit facility$ 600,000,000 
Expandable borrowing capacity under the credit facility1,000,000,000 
Credit facility extension fee, basis points20 
Number of lending institutions20 
Credit facility mature dateOctober 2015 
Line of credit facility, bid feature, current borrowing capacity300,000,000 
Terms of the unsecured facilityThe terms of the unsecured facility include certain restrictions and covenants which limit, among other things the incurrence of additional indebtedness, the incurrence of liens and the disposition of real estate properties (to the extent that: (i) such property dispositions cause the Company to default on any of the financial ratios of the facility described below, or (ii) the property dispositions are completed while the Company is under an event of default under the facility, unless, under certain circumstances, such disposition is being carried out to cure such default), and which require compliance with financial ratios relating to the maximum leverage ratio, the maximum amount of secured indebtedness, the minimum amount of tangible net worth, the minimum amount of fixed charge coverage, the maximum amount of unsecured indebtedness, the minimum amount of unencumbered property interest coverage and certain investment limitations. 
Terms of dividend restrictionIf an event of default has occurred and is continuing, the Company will not make any excess distributions except to enable the Company to continue to qualify as a REIT under the Code. 
Outstanding borrowings under the facility27,000,000228,000,000
Previous Credit Facility [Member]
  
Borrowing capacity under the credit facility775,000,000 
Interest rate on outstanding borrowingsLIBOR plus 55 
Money Market Loan [Member]
  
Borrowing capacity under the credit facility75,000,000 
Spread over LIBOR55 
Outstanding borrowings under the facility$ 0$ 0
Spread over LIBOR55 
Maturity period of the unsecured borrowing30 days or less