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Notes Payable and Unsecured Credit Facilities (Tables) | 6 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | The Company’s outstanding debt consisted of the following:
(in thousands) | June 30, 2016 |  | December 31, 2015
Notes payable: |  |  |
Fixed rate mortgage loans | $ | 429,273 |  |  | 475,214 |
Variable rate mortgage loans | 54,154 |  | (1) | 34,154 |
Fixed rate unsecured loans | 1,191,204 |  |  | 1,190,403 |
Total notes payable | 1,674,631 |  |  | 1,699,771 |
Unsecured credit facilities: |  |  |
Line of Credit (the "Line") | 145,000 |  |  | — |
Term Loan | 164,585 |  |  | 164,514 |
Total unsecured credit facilities | 309,585 |  |  | 164,514 |
Total debt outstanding | $ | 1,984,216 |  |  | 1,864,285 |
(1) As of June 30, 2016, the amount consists of two mortgages with variable interest rates of one month LIBOR plus 150 basis points and which mature on October 16, 2020 and April 1, 2023, respectively. Interest rate swaps are in place fixing the interest rates at 3.696% on $28.1 million and 2.803% on $20.0 million, respectively, of these two variable rate mortgages. See note 5.
Schedule of long-term debt | As of June 30, 2016 , the key interest rates of the Company's notes payables and credit facilities were as follows:
|  | June 30, 2016
|  | Weighted Average Effective Rate |  | Weighted Average Contractual Rate
Mortgage loans |  | 6.1% |  | 6.1%
Fixed rate unsecured loans |  | 5.5% |  | 4.8%
Unsecured credit facilities |  | 1.5% | (1) | 1.4%
(1) Weighted average effective rate for the unsecured credit facilities is calculated based on a fully drawn Line balance.
Schedule of maturities of long-term debt | As of June 30, 2016, scheduled principal payments and maturities on notes payable were as follows:
(in thousands) | June 30, 2016
Scheduled Principal Payments and Maturities by Year: | Scheduled Principal Payments |  | Mortgage Loan Maturities |  | Unsecured Maturities (1) |  | Total
2016 | $ | 2,963 |  |  | — |  |  | — |  |  | 2,963 |
2017 | 5,778 |  |  | 117,298 |  |  | 300,000 |  | (2) | 423,076 |
2018 | 5,103 |  |  | 57,358 |  |  | — |  |  | 62,461 |
2019 | 4,393 |  |  | 106,000 |  |  | 310,000 |  | (3) | 420,393 |
2020 | 4,349 |  |  | 84,011 |  |  | 150,000 |  |  | 238,360 |
Beyond 5 Years | 13,184 |  |  | 76,792 |  |  | 750,000 |  |  | 839,976 |
Unamortized debt premium/(discount) and issuance costs | — |  |  | 6,198 |  |  | (9,211 | ) |  | (3,013 | )
Total | $ | 35,770 |  |  | 447,657 |  |  | 1,500,789 |  |  | 1,984,216 |
(1) Includes unsecured public debt and unsecured credit facilities.

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