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Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2012
Indebtedness |
Schedule of additional outstanding debt |
|  |  |  |  |  | December 31, 2012 |  | December 31, 2011 |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Unsecured Debt |  | Coupon |  | Maturity |  | Face Amount |  | Unamortized Discount |  | Face Amount |  | Unamortized Discount |
Senior notes |  |  | 8.625% |  |  | 2012 |  | $ | — |  | $ | — |  | $ | 225,000 |  | $ | — |
Senior notes |  |  | 4.300% |  |  | 2016 |  |  | 250,000 |  |  | 1,620 |  |  | 250,000 |  |  | 2,154 |
Senior notes |  |  | 6.750% |  |  | 2020 |  |  | 200,000 |  |  | 1,563 |  |  | 200,000 |  |  | 1,777 |
Senior notes |  |  | 6.750% |  |  | 2021 |  |  | 300,000 |  |  | 4,764 |  |  | 300,000 |  |  | 5,299 |
Senior notes |  |  | 5.625% |  |  | 2042 |  |  | 350,000 |  |  | — |  |  | — |  |  | — |
Total unsecured debt |  |  |  |  |  |  |  | $ | 1,100,000 |  | $ | 7,947 |  | $ | 975,000 |  | $ | 9,230 |
Schedule of secured and other debt |
|  | Principal Balance as of December 31, |  |  |  |  |  |  |  |  |  | Net Book Value of Collateral |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  |  |  |  |  | Number of Properties as Collateral |  | Initial Cost of Collateral |
Secured and Other Debt |  | 2012(1) |  | 2011(1) |  | Interest Rate |  | Maturity |  | 2012 |  | 2011 |
Mortgage(2) |  | $ | — |  | $ | 12,400 |  |  | 6.03% |  |  | Mar 12 |  |  | — |  | $ | 17,158 |  | $ | — |  | $ | 17,076 |
Mortgage(2) |  |  | — |  |  | 2,356 |  |  | 6.73% |  |  | Jun 12 |  |  | — |  |  | 4,450 |  |  | — |  |  | 3,696 |
Mortgages(2) |  |  | — |  |  | 30,580 |  |  | 6.97% |  |  | Jul 12 |  |  | — |  |  | 70,114 |  |  | — |  |  | 61,542 |
Mortgage(2)(3) |  |  | — |  |  | 3,177 |  |  | 6.07% |  |  | Sep 12 |  |  | — |  |  | 22,143 |  |  | — |  |  | — |
Mortgage(2) |  |  | — |  |  | 4,224 |  |  | 6.50% |  |  | Jan 13 |  |  | — |  |  | 7,560 |  |  | — |  |  | 7,406 |
Mortgages |  |  | 10,565 |  |  | 10,920 |  |  | 6.11% |  |  | Dec 13 |  |  | 4 |  |  | 17,034 |  |  | 14,883 |  |  | 14,814 |
Mortgages |  |  | 13,759 |  |  | 14,009 |  |  | 6.91% |  |  | Dec 13 |  |  | 2 |  |  | 36,359 |  |  | 33,057 |  |  | 33,702 |
Mortgages |  |  | 36,906 |  |  | 37,619 |  |  | 5.83% |  |  | Jun 14 |  |  | 2 |  |  | 79,000 |  |  | 78,594 |  |  | 79,108 |
Mortgage |  |  | 30,944 |  |  | — |  |  | 6.015% |  |  | Mar 15 |  |  | 1 |  |  | 99,000 |  |  | 98,346 |  |  | — |
Mortgage(3) |  |  | 5,121 |  |  | 5,215 |  |  | 5.65% |  |  | Jun 15 |  |  | 1 |  |  | — |  |  | 21,435 |  |  | 21,838 |
Mortgage |  |  | 11,612 |  |  | 11,747 |  |  | 6.365% |  |  | Jul 15 |  |  | 1 |  |  | 14,849 |  |  | 14,432 |  |  | 14,697 |
Mortgages |  |  | 13,051 |  |  | 13,310 |  |  | 5.66% |  |  | Jul 15 |  |  | 3 |  |  | 26,606 |  |  | 25,868 |  |  | 26,377 |
Mortgage |  |  | 2,878 |  |  | 2,946 |  |  | 5.88% |  |  | Jul 15 |  |  | 1 |  |  | 15,397 |  |  | 14,774 |  |  | 15,173 |
Mortgage |  |  | 6,792 |  |  | — |  |  | 5.81% |  |  | Oct 15 |  |  | 1 |  |  | 9,650 |  |  | 9,665 |  |  | — |
Mortgage |  |  | 4,596 |  |  | 4,684 |  |  | 5.81% |  |  | Oct 15 |  |  | 1 |  |  | 8,600 |  |  | 8,391 |  |  | 8,532 |
Mortgages |  |  | 52,000 |  |  | — |  |  | 5.64% |  |  | Jan 16 |  |  | 1 |  |  | 70,495 |  |  | 66,123 |  |  | — |
Mortgage |  |  | 6,476 |  |  | 6,581 |  |  | 5.97% |  |  | Apr 16 |  |  | 1 |  |  | 10,272 |  |  | 10,051 |  |  | 10,194 |
Mortgages |  |  | 90,607 |  |  | 93,133 |  |  | 5.924% |  |  | Nov 16 |  |  | 2 |  |  | 157,500 |  |  | 154,691 |  |  | 157,640 |
Mortgage |  |  | 12,537 |  |  | 12,695 |  |  | 6.25% |  |  | Nov 16 |  |  | 1 |  |  | 22,102 |  |  | 21,968 |  |  | 21,984 |
Mortgage |  |  | 5,810 |  |  | — |  |  | 5.86% |  |  | Mar 17 |  |  | 1 |  |  | 11,280 |  |  | 11,562 |  |  | — |
Mortgages |  |  | 46,753 |  |  | 47,688 |  |  | 6.54% |  |  | May 17 |  |  | 8 |  |  | 62,500 |  |  | 56,341 |  |  | 57,873 |
Mortgage |  |  | 11,419 |  |  | — |  |  | 6.15% |  |  | Aug 17 |  |  | 1 |  |  | 16,400 |  |  | 15,507 |  |  | — |
Mortgage- |  |  | 9,641 |  |  | — |  |  | 6.73% |  |  | Apr 18 |  |  | 1 |  |  | 15,100 |  |  | 11,526 |  |  | — |
Mortgage(4) |  |  | 296,437 |  |  | 300,669 |  |  | 6.71% |  |  | Sep 19 |  |  | 17 |  |  | 617,161 |  |  | 260,274 |  |  | 505,214 |
Mortgage(4) |  |  | — |  |  | 200,078 |  |  | 6.39% |  |  | Sep 19 |  |  | — |  |  | — |  |  | — |  |  | — |
Mortgage(5) |  |  | 3,270 |  |  | 3,515 |  |  | 7.31% |  |  | Jan 22 |  |  | 1 |  |  | 18,827 |  |  | 16,839 |  |  | 17,243 |
Mortgage(5) |  |  | 1,608 |  |  | 1,725 |  |  | 7.85% |  |  | Jan 22 |  |  | — |  |  | — |  |  | — |  |  | — |
Mortgage |  |  | 3,534 |  |  | 3,619 |  |  | 6.25% |  |  | Feb 33 |  |  | 1 |  |  | 5,200 |  |  | 4,695 |  |  | 4,807 |
Mortgage |  |  | 9,492 |  |  | 9,623 |  |  | 5.95% |  |  | Sep 38 |  |  | 2 |  |  | 11,425 |  |  | 9,295 |  |  | 19,589 |
Mortgage |  |  | 4,747 |  |  | — |  |  | 4.375% |  |  | Sep 43 |  |  | 1 |  |  | 8,059 |  |  | 7,768 |  |  | — |
Bonds |  |  | 14,700 |  |  | 14,700 |  |  | 5.875% |  |  | Dec 27 |  |  | 1 |  |  | 34,307 |  |  | 26,559 |  |  | 27,503 |
Capital leases |  |  | 13,792 |  |  | 14,211 |  |  | 7.70% |  |  | Apr 26 |  |  | 2 |  |  | 28,601 |  |  | 15,602 |  |  | 16,027 |
Total secured |  | $ | 719,047 |  | $ | 861,424 |  |  |  |  |  |  |  |  | 58 |  | $ | 1,517,149 |  | $ | 1,008,246 |  | $ | 1,142,035 |
(1) The principal balances are the amounts stated in the contracts. In accordance with GAAP, 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, 2012 and 2011, the unamortized net premiums on certain of these mortgages were $5,430 and $191, respectively. (2) In 2012 we repaid this debt. (3) These two mortgages are collateralized by one property acquired in June 2011. One of these mortgages was repaid in 2012. (4) These two mortgages were closed in August 2009 and originally collateralized by 28 properties. A part of this loan requires interest at a fixed rate of 6.71% and a part of the loan required interest at a variable rate. In August 2012, we repaid the variable rate portion of the mortgage and 11 properties were released from the collateral. (5) These two mortgages are collateralized by one MOB property acquired in July 2008.
Schedule of required principal payments on outstanding debt |
2013 |  | $ | 36,109 |
2014 |  |  | 48,022 |
2015 |  |  | 272,356 |
2016 |  |  | 410,136 |
2017 |  |  | 65,382 |
Thereafter |  |  | 1,177,042 |

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