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Debt (Tables)
6 Months Ended
Jun. 30, 2017
Debt Instrument [Line Items]  
Schedule Of Maturities For Outstanding Mortgage Indebtedness
The following table shows the scheduled maturities of the Company's mortgages payable as of June 30, 2017, for the remainder of 2017, each of the next four years, and thereafter.
 
Maturities during the year ending December 31,
 
 
 
 
 
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Total
Mortgages payable
$
136,363

 
$
59,575

 
$

 
$
41,000

 
$
12,957

 
$
223,451

 
$
473,346

Mortgages [Member]  
Debt Instrument [Line Items]  
Schedule of Outstanding Debt
As of June 30, 2017 and December 31, 2016, the Company had the following mortgages payable outstanding:
 
June 30, 2017
 
December 31, 2016
Mortgages payable (a)
$
473,346

 
$
434,746

Premium, net of accumulated amortization
598

 

Discount, net of accumulated amortization
(214
)
 
(317
)
Debt issuance costs, net of accumulated amortization
(1,841
)
 
(1,780
)
Total mortgages payable, net
$
471,889

 
$
432,649

(a)
Mortgages payable had fixed interest rates (for both conforming loans and loans in default) ranging from 3.49% to 10.45%, with a weighted average interest rate of 5.19% as of June 30, 2017, and 3.49% to 11.24%, with a weighted average interest rate of 4.85%, as of December 31, 2016.
Term Loans [Member]  
Debt Instrument [Line Items]  
Schedule of Outstanding Debt
As of June 30, 2017 and December 31, 2016, the Company had the following credit agreements outstanding:
 
June 30, 2017
 
December 31, 2016
 
 
 
Aggregate
Principal Balance
 
Interest
Rate
 
Aggregate
Principal Balance
 
Interest
Rate
 
Maturity
Date
Unsecured term loan credit facility,
5 year - swapped to fixed rate (a)
$
90,000

 
1.3510%
 
$
90,000

 
1.3510%
 
1/15/2021
Unsecured term loan credit facility,
5 year - swapped to fixed rate (b)
60,000

 
1.3525%
 
60,000

 
1.3525%
 
1/15/2021
Unsecured term loan credit facility,
5 year - variable rate (c)
50,000

 
2.3505%
 
50,000

 
1.9167%
 
1/15/2021
Unsecured term loan credit facility,
7 year - variable rate (d)
100,000

 
2.6505%
 
100,000

 
2.2167%
 
11/5/2022
Total unsecured term loans
300,000

 
 
 
300,000

 
 
 
 
Debt issuance costs, net of accumulated amortization
(1,817
)
 
 
 
(2,044
)
 
 
 
 
Total, unsecured term loan credit facilities, net
$
298,183

 
 
 
$
297,956

 
 
 
 
(a)
The Company swapped $90,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3510%. The swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $90,000.
(b)
The Company swapped $60,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3525%. The swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $60,000.
(c)
Interest rate reflects 1-Month LIBOR plus 1.3% as of June 30, 2017 and December 31, 2016.
(d)
Interest rate reflects 1-Month LIBOR plus 1.6% as of June 30, 2017 and December 31, 2016.