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Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Components of Notes Payable

Notes Payable consists of the following:

 

(in thousands)    December 31,  
     2013      2012  

Unsecured Revolving Lines of Credit

    $ 190,003       $ 202,000   

4.03% Senior Notes due in 2018

      100,000         100,000   
  

 

 

     

 

 

  
     $ 290,003       $ 302,000   
Schedule of Future Minimum Payments under Unsecured Revolving Lines of Credit and 4.03% Senior Notes

As of December 31, 2013, the future minimum payments under Unsecured Revolving Lines of Credit and 4.03% Senior Notes due in 2018 are as follows:

 

(in thousands)        

Year Ended December 31,

   

2014

    $ 20,000   

2015

      20,000   

2016

      20,000   

2017

      210,003   

2018

      20,000   
  

 

 

  
       $290,003   
Schedule of Information Related to Lines of Credit

The following information relates to the lines of credit for each of the following periods:

 

(dollar amounts in thousands)    Year Ended December 31,  
         2013             2012      

Maximum amount outstanding

    $ 202,000      $ 220,799   

Average amount outstanding

    $ 187,644      $ 206,514   

Weighted average interest rate, during the period

      2.45 %      2.51 % 

Prime interest rate, end of period

      3.25 %      3.25 %