XML 69 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mortgages and Notes Payable (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Revolving Credit Facility due 2018 [Member]
extensions
Jun. 30, 2014
Revolving Credit Facility due 2018 [Member]
Jun. 30, 2014
3.20% (3.363% effective rate) Notes due 2021 [Member]
Jun. 30, 2014
5.21% (3.11% effective rate) Mortgage Loan due 2014 [Member]
Jun. 30, 2014
5.94% (3.32% effective rate) Mortgage Loan due 2014 [Member]
Jun. 30, 2014
Secured indebtedness [Member]
Dec. 31, 2013
Secured indebtedness [Member]
Jun. 30, 2014
Unsecured indebtedness [Member]
Dec. 31, 2013
Unsecured indebtedness [Member]
Jul. 21, 2014
Revolving Credit Facility due 2018 [Member]
Debt Instrument [Line Items]                              
Mortgages and notes payable $ 2,058,972,000   $ 2,058,972,000   $ 1,956,299,000           $ 352,857,000 $ 488,664,000 $ 1,706,115,000 $ 1,467,635,000  
Aggregate undepreciated book value of secured real estate assets                     652,400,000        
Maximum borrowing capacity on revolving credit facility           475,000,000 475,000,000                
Maturity date on revolving credit facility             Jan. 01, 2018                
Additional borrowing capacity on revolving credit facility           75,000,000 75,000,000                
Interest rate, basis           LIBOR plus 110 basis points                  
Interest rate (in hundredths)           1.10%   3.20%              
Annual facility fee (in hundredths)           0.20%                  
Term of optional extension           6 months                  
Number of additional maturity extensions           2                  
Amount outstanding on revolving credit facility           157,000,000 157,000,000               181,000,000
Outstanding letters of credit on revolving credit facility           93,000 93,000               93,000
Unused borrowing capacity on revolving credit facility           317,907,000 317,907,000               293,907,000
Principal amount of debt               300,000,000              
Debt instrument maturity date               Jun. 15, 2021 Jul. 01, 2014 Aug. 01, 2014          
Original issuance discount               3,100,000              
Purchase price of debt (in hundredths)               98.983%              
Effective percentage rate (in hundredths)               3.363%              
Deferred financing fees               2,400,000              
Early repayment of debt                 123,700,000 7,200,000          
Current interest rate (in hundredths)                 3.11% 3.32%          
Gains/(losses) on debt extinguishment $ 18,000 $ 0 $ 18,000 $ (164,000)           $ 100,000