XML 16 R39.htm IDEA: XBRL DOCUMENT v3.2.0.727
REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS (Details)
3 Months Ended 6 Months Ended
Apr. 22, 2015
USD ($)
Apr. 21, 2015
USD ($)
Dec. 17, 2013
USD ($)
Jun. 20, 2011
USD ($)
Mar. 31, 2015
Jun. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 09, 2011
USD ($)
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Unsecured term loan borrowings outstanding           $ 400,000,000 $ 400,000,000  
Term Loan Facility                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Loan procurement costs capitalized             $ 2,300,000  
Net proceeds from equity issuances added to minimum tangible net worth (as a percent)           75.00%    
Term Loan Facility | Minimum                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Fixed charge coverage ratio           1.50    
Tangible net worth           $ 821,211,200    
Term Loan Facility | Maximum                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Total indebtedness to total asset value ratio (as a percent)           60.00%    
Percentage of funds from operations that can be distributed on common shares           95.00%    
Term Loan Facility | Term Loan A                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Maximum borrowing capacity       $ 100,000,000        
Term of debt instrument       5 years        
Term Loan Facility | Term Loan A | Baa2/BBB                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Interest rate, basis spread (as a percent)           1.30%    
Variable interest rate basis         LIBOR      
Term Loan Facility | Term Loan B                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Maximum borrowing capacity       $ 100,000,000        
Term of debt instrument       7 years        
Term Loan Facility | Term Loan B | Baa2/BBB                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Interest rate, basis spread (as a percent)           1.15%    
Variable interest rate basis         LIBOR      
Term Loan Facility | Unsecured term loan                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Unsecured term loan borrowings outstanding           $ 200,000,000    
Credit Facility                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Effective weighted average interest rate (as a percent)           2.55%    
Net proceeds from equity issuances added to minimum tangible net worth (as a percent)           75.00%    
Credit Facility | Minimum                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Fixed charge coverage ratio           1.50    
Tangible net worth           $ 821,211,200    
Credit Facility | Maximum                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Total indebtedness to total asset value ratio (as a percent)           60.00%    
Percentage of funds from operations that can be distributed on common shares           95.00%    
Credit Facility | Revolver                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Maximum borrowing capacity $ 500,000,000 $ 300,000,000           $ 300,000,000
Interest rate, basis spread (as a percent)           1.25%    
Variable interest rate basis         LIBOR      
Facility fee (as a percent) 0.15% 0.20%       0.15%    
Unsecured term loan borrowings outstanding           $ 161,600,000    
Remaining borrowing capacity           338,400,000    
Outstanding letter of credit           $ 30,000    
Credit Facility | Term Loan C                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Maximum borrowing capacity               100,000,000
Repayment of outstanding debt     $ 100,000,000          
Credit Facility | Term Loan D                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Maximum borrowing capacity               $ 200,000,000
Interest rate, basis spread (as a percent)           1.30%    
Credit Facility | Unsecured term loan                
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS                
Unsecured term loan borrowings outstanding           $ 200,000,000