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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2013 |  | 2012
Secured indebtedness: (1) |  |  |
5.68% mortgage loan due 2013 | $ | — |  |  | $ | 107,289 |
5.45% (5.12% effective rate) mortgage loan due 2014 (2) | — |  |  | 67,604 |
5.21% (3.11% effective rate) mortgage loan due 2014 (3) | 125,247 |  |  | — |
5.17% (6.43% effective rate) mortgage loan due 2015 (4) | 39,609 |  |  | 39,805 |
3.50% (3.34% effective rate) mortgage loan due 2015 (5) | 37,340 |  |  | — |
6.88% mortgage loans due 2016 | 109,167 |  |  | 110,671 |
7.50% mortgage loan due 2016 | 45,103 |  |  | 45,662 |
5.10% (4.22% effective rate) mortgage loan due 2017 (6) | 118,126 |  |  | 120,924 |
5.74% to 9.00% mortgage loans due between 2012 and 2016 (7) (8) | 14,072 |  |  | 57,652 |
| 488,664 |  |  | 549,607 |
Unsecured indebtedness: |  |  |
5.85% (5.88% effective rate) notes due 2017 (9) | 379,311 |  |  | 379,194 |
7.50% notes due 2018 | 200,000 |  |  | 200,000 |
3.625% (3.752% effective rate) notes due 2023 (10) | 247,624 |  |  | 247,361 |
Variable rate term loan due 2016 | — |  |  | 35,000 |
Variable rate term loan due 2019 (11) | 200,000 |  |  | 200,000 |
Variable rate term loan due 2019 (12) | 225,000 |  |  | 225,000 |
Revolving credit facility due 2018 (13) | 215,700 |  |  | 23,000 |
| 1,467,635 |  |  | 1,309,555 |
Total | $ | 1,956,299 |  |  | $ | 1,859,162 |
__________
(1) | The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of $801.7 million at December 31, 2013. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.
(2) | Net of unamortized fair market premium of $0.2 million as of December 31, 2012. This debt was repaid in 2013.
(3) | Net of unamortized fair market value premium of $0.7 million as of December 31, 2013.
(4) | Net of unamortized fair market value discount of $0.8 million and $1.2 million as of December 31, 2013 and 2012, respectively.
(5) | Net of unamortized fair market value premium of $0.1 million as of December 31, 2013.
(6) | Net of unamortized fair market premium of $3.6 million and $4.6 million as of December 31, 2013 and 2012, respectively.
(7) | Included mortgage debt related to Markel of $33.1 million at December 31, 2012. This debt was repaid in 2013.
(8) | Net of unamortized fair market value premium of $0.3 million and $0.5 million at December 31, 2013 and 2012, respectively.
(9) | Net of unamortized original issuance discount of $0.4 million and $0.5 million at December 31, 2013 and 2012, respectively.
(10) | Net of unamortized original issuance discount of $2.4 million and $2.6 million at December 31, 2013 and 2012, respectively.
(11) | The interest rate is 1.37% at December 31, 2013.
(12) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for the full amount and duration of this loan. Accordingly, the equivalent fixed rate of this loan is 3.43%.
(13) | The interest rate is 1.27% at December 31, 2013.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2013:
Years Ending December 31, |  | Principal Amount
2014 |  | $ | 138,763 |
2015 |  | 81,232 |
2016 |  | 158,218 |
2017 |  | 488,711 |
2018 |  | 415,437 |
Thereafter |  | 673,938 |
|  | $ | 1,956,299 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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