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Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Debt | A summary of the Company's consolidated indebtedness is as follows (dollars in thousands):
| Effective Interest Rate, December 31, |  | Maturity Date at December 31, 2016 |  | Carrying Value, December 31,
| 2016 |  | 2015 |  |  | 2016 |  | 2015
Mortgages Payable |  |  |  |  |  |  |  |  |
Core Fixed Rate | 3.88%-6.65% |  | 3.50%-6.65% |  | July 2016 - April 2035 |  | $ | 234,875 |  |  | $ | 301,340 |
Core Variable Rate - Swapped (a) | 1.71%-3.77% |  | 1.75%-3.77% |  | September 2022 - June 2026 |  | 82,250 |  |  | 72,444 |
Total Core Mortgages Payable |  |  |  |  |  |  | 317,125 |  |  | 373,784 |
Fund II Fixed Rate | 1.00%-5.80% |  | 1.00%-5.80% |  | October 2017 - May 2020 |  | 249,762 |  |  | 249,762 |
Fund II Variable Rate | LIBOR+0.62%-LIBOR+2.50% |  | LIBOR+1.39%-LIBOR+3.02% |  | August 2017 - November 2021 |  | 142,750 |  |  | 111,500 |
Fund II Variable Rate - Swapped (a) | 2.88% |  | 2.88% |  | November 2021 |  | 19,779 |  |  | 19,984 |
Total Fund II Mortgages Payable |  |  |  |  |  |  | 412,291 |  |  | 381,246 |
Fund III Variable Rate | Prime+0.50%-LIBOR+4.65% |  | Prime+0.50%-LIBOR+4.65% |  | March 2017 - December 2021 |  | 83,467 |  |  | 164,280 |
Fund IV Fixed Rate | 3.4%-4.50% |  | 4.5% |  | October 2025-June 2026 |  | 10,503 |  |  | 1,120 |
Fund IV Variable Rate | LIBOR+1.70%-LIBOR+3.95% |  | LIBOR+1.70%-LIBOR+3.00% |  | May 2017 - January 2021 |  | 233,139 |  |  | 123,920 |
Fund IV Variable Rate - Swapped (a) | 1.78% |  | 1.78% |  | May 2019 |  | 14,509 |  |  | 14,904 |
Total Fund IV Mortgages Payable |  |  |  |  |  |  | 258,151 |  |  | 139,944 |
Net unamortized debt issuance costs |  |  |  |  |  |  | (16,642 | ) |  | (10,567 | )
Unamortized premium |  |  |  |  |  |  | 1,336 |  |  | 1,364 |
Total Mortgages Payable |  |  |  |  |  |  | $ | 1,055,728 |  |  | $ | 1,050,051 |
Unsecured Notes Payable |  |  |  |  |  |  |  |  |
Core Unsecured Term Loans | LIBOR+1.30%-LIBOR+1.60% |  | LIBOR+1.30%-LIBOR+1.60% |  | November 2019 - December 2022 |  | $ | 51,194 |  |  | $ | 841 |
Core Variable Rate Unsecured Term Loans - Swapped (a) | 1.24%-3.77% |  | 1.31%-3.77% |  | July 2018 - March 2025 |  | 248,806 |  |  | 149,159 |
Total Core Unsecured Notes Payable |  |  |  |  |  |  | 300,000 |  |  | 150,000 |
Fund II Subscription Facility | LIBOR+2.75% |  | LIBOR+2.75% |  | October 2016 |  | — |  |  | 12,500 |
Fund IV Term Loan/Subscription Facility | LIBOR+1.65%-LIBOR+2.75% |  | LIBOR+1.65%-LIBOR+2.75% |  | February 2017- November 2017 |  | 134,636 |  |  | 126,410 |
Net unamortized debt issuance costs |  |  |  |  |  |  | (1,646 | ) |  | (1,155 | )
Total Unsecured Notes Payable |  |  |  |  |  |  | $ | 432,990 |  |  | $ | 287,755 |
Unsecured Line of Credit |  |  |  |  |  |  |  |  |
Core Unsecured Line of Credit | LIBOR+1.40% |  | LIBOR+1.40% |  | June 2020 |  | $ | — |  |  | $ | 20,800 |
Total Unsecured Line of Credit |  |  |  |  |  |  | $ | — |  |  | $ | 20,800 |
Total Debt - Fixed and Effectively Fixed Rate |  |  |  |  |  | $ | 860,486 |  |  | $ | 552,222 |
Total Debt - Variable Rate |  |  |  |  |  |  | 645,185 |  |  | 816,740 |
Net unamortized debt issuance costs |  |  |  |  |  |  | (18,289 | ) |  | (11,720 | )
Unamortized premium |  |  |  |  |  |  | 1,336 |  |  | 1,364 |
Total Indebtedness |  |  |  |  |  |  | $ | 1,488,718 |  |  | $ | 1,358,606 |
__________
(a) | At December 31, 2016, the stated rates ranged from LIBOR + 1.08% to LIBOR +1.90% for Core Variable rate debt; LIBOR + 1.70% to LIBOR +1.70% for Fund II Variable rate debt; LIBOR + 2.15% to LIBOR +2.15% for Fund IV rate debt; and LIBOR + 1.30% to LIBOR +1.60% for Core variable rate unsecured notes.
Schedule of Maturities of Long-term Debt | The scheduled principal repayments of the Company's consolidated indebtedness, as of December 31, 2016 are as follows (in thousands):
2017 | $ | 395,999 |
2018 | 69,753 |
2019 | 205,295 |
2020 | 321,559 |
2021 | 253,927 |
Thereafter | 259,138 |
| 1,505,671 |
Unamortized fair market value of assumed debt | 1,336 |
Net unamortized debt issuance costs | (18,289 | )
Total indebtedness | $ | 1,488,718 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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