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Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2015
Notes Payable [Abstract]  
Schedule of Long-term Debt Instruments
Our unsecured notes outstanding as of December 31, 2015 were as follows (in thousands):
 
Coupon/Stated Rate
 
Effective Rate (1)
 
Principal Amount
 
Maturity Date (2)
10 Year Unsecured Notes
4.95
%
 
5.05
%
 
$
250,000

 
10/1/2020
Term Loan
 1 Month LIBOR + 110 basis points

 
2.72
%
 
150,000

 
3/15/2021
10 Year Unsecured Notes
3.95
%
 
4.02
%
 
300,000

 
10/15/2022
30 Year Unsecured Notes
7.25
%
 
7.36
%
 
50,000

 
2/25/2028
Total principal
 
 
 
 
750,000

 
 
Premiums and discounts, net
 
 
 
(2,362
)
 
 
Deferred issuance costs, net
 
 
 
 
(4,457
)
 
 
Total
 
 
 
 
$
743,181

 
 

(1) Yield on issuance date, including the effects of discounts on the notes.
(2) No principal amounts are due prior to maturity.
Schedule of Maturities of Long-term Debt
Scheduled principal payments subsequent to December 31, 2015 are as follows (in thousands):
2016
$
168,195

2017
154,436

2018
3,135

2019
33,909

2020
2,659

Thereafter
52,212

 
$
414,546

The required principal payments for the remaining years subsequent to December 31, 2015 are as follows (in thousands):
2016
$
—

2017
—

2018
—

2019
—

2020
250,000

Thereafter
500,000

 
$
750,000