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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Instrument [Line Items] |
Schedule of Line of Credit Facilities | A summary of the significant terms are as follows:
| Prior Maturity Date |  | New Maturity Date |  | Prior Interest Rate |  | Current Interest Rate
$400,000 Revolving Credit Facility(1) | 02/2017 |  | 08/2019 |  | LIBOR + 1.15% |  | LIBOR + 1.00%
$250,000 Term Loan(2) | 02/2018 |  | 08/2020 |  | LIBOR + 1.35% |  | LIBOR + 1.10%
$255,000 Term Loan(3) | 01/2019 |  | 01/2021 |  | LIBOR + 1.75% |  | LIBOR + 1.10%
(1) | Maturity date can be extended to August 2020 at the Company's option. The interest rate ranges from LIBOR plus 0.85% to 1.55% (previously 0.95% to 1.725%). At December 31, 2015, the unsecured revolving credit facility had $177,000 outstanding and availability of $223,000, subject to covenant compliance.
(2) | The interest rate ranges from LIBOR plus 0.90% to 1.75% (previously 1.10% to 2.10%). The Company previously entered into aggregate interest-rate swap agreements to fix the LIBOR component at a weighted-average rate of 1.09% through February 2018 on the $250,000 of outstanding LIBOR-based borrowings.
(3) | The interest rate ranges from LIBOR plus 0.90% to 1.75% (previously 1.50% to 2.25%). The Company previously entered into aggregate interest-rate swap agreements to fix the LIBOR component at a weighted-average rate of 1.42% through January 2019 on the $255,000 of outstanding LIBOR-based borrowings.
Mortgages and Notes Payable [Member] |
Debt Instrument [Line Items] |
Schedule of Maturities of Long-term Debt | Scheduled principal and balloon payments for mortgages, including a held for sale property, notes payable, credit facility borrowings and term loans for the next five years and thereafter are as follows:
Year ending December 31, |  | Total
2016 |  | $ | 139,861 |
2017 |  | 95,505 |
2018 |  | 44,664 |
2019 |  | 283,347 |
2020 |  | 300,756 |
Thereafter |  | 709,192 |
|  | $ | 1,573,325 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 + 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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