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Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Information Regarding Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at December 31, 2014 |  | Effective Interest Rate at Issuance |  | Maturity Date
| December 31, 2014 |  | December 31, 2013 |
Mortgage Loans Payable, Net | $ | 599,985 |  |  | $ | 677,890 |  |  | 4.03% – 8.26% |  | 4.03% – 8.26% |  | February 2016 – September 2022
Unamortized Premiums | (90 | ) |  | (115 | ) |  |  |  |  |  |
Mortgage Loans Payable, Gross | $ | 599,895 |  |  | $ | 677,775 |  |  |  |  |  |  |
Senior Unsecured Notes, Net |  |  |  |  |  |  |  |  |
2016 Notes | $ | 159,621 |  |  | $ | 159,566 |  |  | 5.750% |  | 5.91% |  | 1/15/2016
2017 Notes | 54,966 |  |  | 54,960 |  |  | 7.500% |  | 7.52% |  | 12/1/2017
2027 Notes | 6,066 |  |  | 6,066 |  |  | 7.150% |  | 7.11% |  | 5/15/2027
2028 Notes | 31,884 |  |  | 31,883 |  |  | 7.600% |  | 8.13% |  | 7/15/2028
2032 Notes | 10,518 |  |  | 10,514 |  |  | 7.750% |  | 7.87% |  | 4/15/2032
2014 Notes | — |  |  | 81,149 |  |  | N/A |  | N/A |  | 6/1/2014
2017 II Notes | 101,806 |  |  | 101,778 |  |  | 5.950% |  | 6.37% |  | 5/15/2017
Subtotal | $ | 364,861 |  |  | $ | 445,916 |  |  |  |  |  |  |
Unamortized Discounts | 241 |  |  | 980 |  |  |  |  |  |  |
Senior Unsecured Notes, Gross | $ | 365,102 |  |  | $ | 446,896 |  |  |  |  |  |  |
Unsecured Term Loan* | $ | 200,000 |  |  | N/A |  |  | 1.906% |  | 1.906% |  | 1/29/2021
Unsecured Credit Facility** | $ | 185,000 |  |  | $ | 173,000 |  |  | 1.662% |  | 1.662% |  | 9/29/2017
* We entered into interest rate protection agreements, with an aggregate notional value of $200,000, to effectively convert the variable rate to a fixed rate. See Note 13. ** The maturity date may be extended an additional year at our election, subject to certain restrictions.
Senior Unsecured Notes Repurchases | During the year ended December 31, 2013, we repurchased and retired the following senior unsecured notes prior to maturity:
| Principal Amount Repurchased |  | Purchase Price
2017 Notes | 430 |  |  | 482 |
2017 II Notes | 5,000 |  |  | 5,300 |
2028 Notes | 23,394 |  |  | 26,547 |
2032 Notes | 1,000 |  |  | 1,163 |
Total | $ | 29,824 |  |  | $ | 33,492 |
Schedule of Maturities of Long-Term Debt | The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:
| Amount
2015 | $ | 12,158 |
2016 | 251,870 |
2017 | 353,723 |
2018 | 168,341 |
2019 | 76,423 |
Thereafter | 487,482 |
Total | $ | 1,349,997 |
Summary of Indebtedness at Estimated Fair Value | At December 31, 2014 and 2013, the fair value of our indebtedness was as follows:
| December 31, 2014 |  | December 31, 2013
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Mortgage Loans Payable, Net | $ | 599,985 |  |  | $ | 640,818 |  |  | $ | 677,890 |  |  | $ | 684,914 |
Senior Unsecured Debt, Net | 364,861 |  |  | 395,320 |  |  | 445,916 |  |  | 482,781 |
Unsecured Term Loan | 200,000 |  |  | 200,575 |  |  | N/A |  |  | N/A |
Unsecured Credit Facility | 185,000 |  |  | 185,747 |  |  | 173,000 |  |  | 173,000 |
Total | $ | 1,349,846 |  |  | $ | 1,422,460 |  |  | $ | 1,296,806 |  |  | $ | 1,340,695 |

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