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Indebtedness (Tables) | 6 Months Ended
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Jun. 30, 2015
Debt Disclosure [Abstract] |
Information Regarding Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at June 30, 2015 |  | Effective Interest Rate at Issuance |  | Maturity Date
| June 30, 2015 |  | December 31,2014 |
Mortgage Loans Payable, Net | $ | 593,976 |  |  | $ | 599,985 |  |  | 4.03% – 8.26% |  | 4.03% – 8.26% |  | February 2016 –September 2022
Unamortized Premiums | (77 | ) |  | (90 | ) |  |  |  |  |  |
Mortgage Loans Payable, Gross | $ | 593,899 |  |  | $ | 599,895 |  |  |  |  |  |  |
Senior Unsecured Notes, Net |  |  |  |  |  |  |  |  |
2016 Notes | $ | 159,649 |  |  | $ | 159,621 |  |  | 5.75% |  | 5.91% |  | 1/15/2016
2017 Notes | 54,968 |  |  | 54,966 |  |  | 7.50% |  | 7.52% |  | 12/1/2017
2027 Notes | 6,067 |  |  | 6,066 |  |  | 7.15% |  | 7.11% |  | 5/15/2027
2028 Notes | 31,885 |  |  | 31,884 |  |  | 7.60% |  | 8.13% |  | 7/15/2028
2032 Notes | 10,520 |  |  | 10,518 |  |  | 7.75% |  | 7.87% |  | 4/15/2032
2017 II Notes | 101,819 |  |  | 101,806 |  |  | 5.95% |  | 6.37% |  | 5/15/2017
Subtotal | $ | 364,908 |  |  | $ | 364,861 |  |  |  |  |  |  |
Unamortized Discounts | 194 |  |  | 241 |  |  |  |  |  |  |
Senior Unsecured Notes, Gross | $ | 365,102 |  |  | $ | 365,102 |  |  |  |  |  |  |
Unsecured Term Loan* | $ | 200,000 |  |  | $ | 200,000 |  |  | 1.88% |  | 1.88% |  | 1/29/2021
Unsecured Credit Facility** | $ | 191,000 |  |  | $ | 185,000 |  |  | 1.34% |  | 1.34% |  | 3/11/2019
* 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 10. ** The maturity date may be extended an additional year at our election, subject to certain restrictions.
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 as of June 30, and thereafter:
| Amount
Remainder of 2015 | $ | 6,162 |
2016 | 251,870 |
2017 | 168,723 |
2018 | 168,341 |
2019 | 267,423 |
Thereafter | 487,482 |
Total | $ | 1,350,001 |
Summary of Indebtedness at Estimated Fair Value | At June 30, 2015 and December 31, 2014, the fair value of our indebtedness was as follows:
| June 30, 2015 |  | December 31, 2014
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Mortgage Loans Payable, Net | $ | 593,976 |  |  | $ | 630,655 |  |  | $ | 599,985 |  |  | $ | 640,818 |
Senior Unsecured Notes, Net | 364,908 |  |  | 390,735 |  |  | 364,861 |  |  | 395,320 |
Unsecured Term Loan | 200,000 |  |  | 200,530 |  |  | 200,000 |  |  | 200,575 |
Unsecured Credit Facility | 191,000 |  |  | 191,000 |  |  | 185,000 |  |  | 185,747 |
Total | $ | 1,349,884 |  |  | $ | 1,412,920 |  |  | $ | 1,349,846 |  |  | $ | 1,422,460 |

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