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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2011
Indebtedness  
Schedule of additional outstanding debt

 

 

 
    
    
   December 31, 2011   December 31, 2010  
Unsecured Debt
  Coupon   Maturity   Face
Amount 		  Unamortized
Discount 		  Face
Amount 		  Unamortized
Discount 		 

Senior notes

     8.625%     2012   $ 225,000   $ —   $ 225,000   $ 128  

Senior notes

     4.300%     2016     250,000     2,154     —     —  

Senior notes

     6.750%     2020     200,000     1,777     200,000     1,992  

Senior notes

     6.750%     2021     300,000     5,299     —     —  
                               

Total unsecured debt

               $ 975,000   $ 9,230   $ 425,000   $ 2,120  
                               
Schedule of secured and other debt


 

 
   Principal Balance as of
December 31, 		   
    
    
    
   Net Book Value of
Collateral 		 
 
   Interest
Rate 		   
   Number of
Properties as
Collateral 		  Initial
Cost of
Collateral 		 
Secured and Other Debt
  2011(1)   2010(1)   Maturity   2011   2010  

Mortgage(2)

   $ 12,400   $ —     6.03%     Mar 2012   1   $ 17,158   $ 17,076   $ —  

Mortgage

     2,356     2,419     6.73%     June 2012   1     4,450     3,696     3,780  

Mortgages

     30,580     31,552     6.97%     July 2012   16     70,114     61,542     63,300  

Mortgage(3)

     3,177     —     6.07%     Sept 2012   1     22,143     21,838     —  

Mortgage

     4,224     4,307     6.50%     Jan 2013   1     7,560     7,406     7,450  

Mortgages

     10,920     11,255     6.11%     Dec 2013   4     17,034     14,814     15,225  

Mortgages

     14,009     14,245     6.91%     Dec 2013   2     36,359     33,702     34,347  

Mortgages

     37,619     —     5.83%     June 2014   2     79,000     79,108     —  

Mortgage(3)

     5,215     —     5.65%     June 2015   —     —     —     —  

Mortgage

     11,747     —     6.37%     July 2015   1     14,849     14,697     —  

Mortgages

     13,310     —     5.66%     July 2015   3     26,606     26,377     —  

Mortgage

     2,946     —     5.88%     July 2015   1     15,397     15,173     —  

Mortgage

     4,684     —     5.81%     Oct 2015   1     8,600     8,532     —  

Mortgage

     6,581     —     5.97%     Apr 2016   1     10,272     10,194     —  

Mortgage

     93,133     —     5.924%     Nov 2016   2     157,500     157,640     —  

Mortgage

     12,695     —     6.25%     Nov 2016   1     22,102     21,984     —  

Mortgages

     47,688     48,565     6.54%     May 2017   8     62,500     57,873     59,067  

Mortgage(4)

     300,669     303,948     6.71%     Sept 2019   28     617,161     505,214     506,805  

Mortgage(4)

     200,078     202,449     6.39%     Sept 2019   —     —     —     —  

Mortgage(5)

     3,515     3,742     7.31%     Jan 2022   1     18,827     17,243     17,703  

Mortgage(5)

     1,725     1,833     7.85%     Jan 2022   —     —     —     —  

Mortgage

     3,619     —     6.25%     Jan 2033   1     5,200     4,807     —  

Mortgage

     9,623     —     5.95%     Sept 2038   2     11,425     19,589     —  

Bonds

     14,700     14,700     5.875%     Dec 2027   1     34,307     27,503     28,409  

Capital leases

     14,211     14,575     7.7%     Apr 2026   2     28,601     16,027     17,983  
                                       

Total secured

   $ 861,424   $ 653,590                   $ 1,287,165   $ 1,142,035   $ 754,069  
                                       
(1)
The principle balances are the amounts stated in the contracts. In accordance with generally accepted accounting principles, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. As of December 31, 2011 and 2010, the unamortized net premiums on certain of these mortgages were $191 and $420, respectively.

(2)
In February 2012 we repaid this debt.

(3)
These two mortgages are collateralized by one property acquired in June 2011.

(4)
These two mortgages were closed in August 2009 and are collateralized by 28 properties. A part of the loan requires interest at a fixed rate of 6.71% and a part of the loan requires interest at a variable rate which was partially protected by an interest rate hedge provided by the lender, FNMA, and was effectively at 6.39% on December 31, 2011.

(5)
These two mortgages are collateralized by one MOB property acquired in July 2008.
Schedule of required principal payments on outstanding debt

 

 

2012

   $ 286,119  

2013

     41,316  

2014

     49,161  

2015

     48,967  

2016

     360,587  

Thereafter

     1,050,274