|
|
|
|
6-30-12 |
|
12-31-11 |
|
|
|
|
|
|
|
|
|
Fixed rate unsecured notes (1) |
|
$ |
1,451,601 |
|
$ |
1,556,001 |
|
|
Variable rate unsecured notes (1) |
|
— |
|
75,000 |
|
|
Fixed rate mortgage notes payable - conventional and tax-exempt (2) |
|
1,534,037 |
|
1,528,783 |
|
|
Variable rate mortgage notes payable - conventional and tax-exempt |
|
376,935 |
|
440,241 |
|
|
|
|
|
|
|
|
|
Total notes payable and unsecured notes |
|
3,362,573 |
|
3,600,025 |
|
|
|
|
|
|
|
|
|
Credit Facility |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
Total mortgage notes payable, unsecured notes and Credit Facility |
|
$ |
3,362,573 |
|
$ |
3,600,025 |
|
(1) Balances at June 30, 2012 and December 31, 2011 exclude $1,553 and $1,802, respectively, of debt discount, and $0 and $11, respectively, for basis adjustments, as reflected in unsecured notes on the Company’s Condensed Consolidated Balance Sheets.
(2) Balances at June 30, 2012 and December 31, 2011 exclude $1,344 and $962, respectively of debt premium as reflected in mortgage notes payable on the Company’s Condensed Consolidated Balance Sheets. |