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Indebtedness (Tables)

9 Months Ended

Sep. 30, 2012

Information Regarding Indebtedness

The following table discloses certain information regarding our indebtedness:

		Outstanding Balance at								Interest Rate at September 30, 2012				Effective Interest Rate at Issuance				Maturity Date
		September 30, 2012				December 31, 2011
Mortgage and Other Loans Payable, Net		$	781,366			$	690,256				4.03% - 9.25	%			4.03% - 9.25	%		January 2013 - September 2022
Unamortized Premiums			(257	)			(305	)
Mortgage and Other Loans Payable, Gross		$	781,109			$	689,951
Senior Unsecured Notes, Net
2016 Notes		$	159,497			$	159,455				5.750	%			5.91	%		01/15/16
2017 Notes			55,383				59,600				7.500	%			7.52	%		12/01/17
2027 Notes			6,066				6,065				7.150	%			7.11	%		05/15/27
2028 Notes			68,977				124,894				7.600	%			8.13	%		07/15/28
2012 Notes			—				61,817				6.875	%			6.85	%		04/15/12
2032 Notes			12,490				34,683				7.750	%			7.87	%		04/15/32
2014 Notes			79,336				86,997				6.420	%			6.54	%		06/01/14
2017 II Notes			106,738				106,716				5.950	%			6.37	%		05/15/17
Subtotal		$	488,487			$	640,227
Unamortized Discounts			2,958				4,625
Senior Unsecured Notes, Gross		$	491,445			$	644,852
Unsecured Credit Facility		$	27,000			$	149,000				2.175	%			2.175	%		12/12/14

Mortgage Loans Originated

During the three months ended September 30, 2012, we originated the following mortgage loans:

Mortgage Financing

Loan Principal

Interest Rate

Origination Date

Maturity Date

Amortization Period

Number of Industrial Properties Collateralizing Mortgage

GLA (In millions)

Property Carrying Value at September 30, 2012

I-VI

$

100,599

4.03

%

August 29, 2012

September 1, 2022

30-year

31

3.8

$

104,711

Senior Unsecured Notes Repurchases

During the nine months ended September 30, 2012, we repurchased and retired the following senior unsecured notes prior to maturity:

		Principal Amount Repurchased				Purchase Price
Senior Unsecured Notes Repurchases
2014 Notes		$	9,000			$	9,439
2017 Notes			4,223				4,632
2028 Notes			55,955				57,041
2032 Notes			22,400				22,848
		$	91,578			$	93,960

Schedule of Maturities of Long-term Debt

The following is a schedule of the stated maturities and scheduled principal payments as of September 30, 2012 of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:

		Amount
Remainder of 2012		$	3,682
2013			14,944
2014			175,917
2015			64,017
2016			295,476
Thereafter			745,518
Total		$	1,299,554

Summary of Indebtedness at Estimated Fair Value

At September 30, 2012 and December 31, 2011, the fair values of our indebtedness were as follows:

		September 30, 2012								December 31, 2011
		Carrying Amount				Fair Value				Carrying Amount				Fair Value
Mortgage and Other Loans Payable, Net		$	781,366			$	839,687			$	690,256			$	743,419
Senior Unsecured Notes, Net			488,487				519,797				640,227				630,622
Unsecured Credit Facility			27,000				27,000				149,000				149,000
Total		$	1,296,853			$	1,386,484			$	1,479,483			$	1,523,041

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