Quarterly report pursuant to Section 13 or 15(d)

Mortgage Notes Payable and Line of Credit (Tables)

v2.4.0.6
Mortgage Notes Payable and Line of Credit (Tables)
 3 Months Ended
Mar. 31, 2013
Mortgage Notes Payable and Line of Credit [Abstract]  
Company's mortgage notes payable and line of credit
                             
              Principal Balance Outstanding  

Date of
Issuance/
Assumption

  

Principal
Maturity Date

   Stated Interest Rate at
March 31, 2013  (1)		     March 31, 2013     December 31, 2012  
         
02/21/06   12/01/13     5.91 %    $ 8,608     $ 8,658  
02/21/06   06/30/14     5.20 %      17,819       17,930  
08/25/05   09/01/15     5.33 %      19,978       20,074  
09/12/05   09/01/15     5.21 %      11,767       11,821  
09/06/07   12/11/15     5.81 %      4,120       4,141  
12/21/05   01/08/16     5.71 %      18,075       18,155  
03/29/06   04/01/16     5.92 %      16,612       16,669  
04/27/06   05/05/16     6.58 %      12,991       13,080  
08/29/08   06/01/16     6.80 %      5,826       5,866  
06/20/11   06/30/16     6.08 %      11,296       11,341  
11/22/06   12/01/16     5.76 %      13,503       13,558  
12/22/06   01/01/17     5.79 %      20,647       20,731  
02/08/07   03/01/17     6.00 %      13,775       13,775  
06/05/07   06/08/17     6.11 %      14,120       14,163  
10/15/07   11/08/17     6.63 %      15,014       15,072  
09/26/12   07/01/18     5.75 %      10,653       10,707  
11/18/11   11/01/18     4.50 %      4,231       4,256  
12/06/11   12/06/19     6.00 %      8,209       8,272  
10/28/11   11/01/21     6.00 %      7,035       7,068  
04/05/12   05/01/22     6.10 %      18,737       18,821  
06/21/12   07/06/22     5.05 %      4,688       4,712  
08/03/12   07/31/22     5.00 %      2,963       2,979  
07/24/12   08/01/22     5.60 %      9,592       9,661  
10/01/12   10/01/22     4.86 %      33,710       33,888  
11/21/12   12/06/22     4.04 %      18,889       19,000  
03/28/13   04/06/23     4.16 %      3,700       —    
12/15/10   12/10/26     6.63 %      9,874       9,983  
05/16/12   12/31/26     4.30 %      2,879       2,897  
11/08/12   02/01/27     5.69 %      14,076       14,145  
05/30/12   05/10/27     6.50 %      4,831       4,883  
06/27/12   07/01/29     5.10 %      1,964       1,984  
               

 

 

    

 

 

  
     

Contractual Fixed-Rate Mortgage Notes Payable:

  

   $ 360,182     $ 358,290  
               

 

 

    

 

 

  
     

Premiums and (Discounts), net:

  

     853       895  
               

 

 

    

 

 

  
     

Total Fixed-Rate Mortgage Notes Payable:

  

   $ 361,035     $ 359,185  
               

 

 

    

 

 

  
     

Variable-Rate Line of Credit:

  

                
12/28/10   12/28/13     LIBOR +2.75 %    $ 26,400     $ 25,000  
               

 

 

    

 

 

  
     

Total Mortgage Notes Payable and Line of Credit

  

   $ 387,435     $ 384,185  
               

 

 

    

 

 

  

 

(1) The weighted average interest rate on all debt outstanding at March 31, 2013, was approximately 5.44%.
Summary of long term mortgage
                             

Date of Issuance

   Issuing Bank   Borrowings     Interest Rate     Maturity Date  
         

3/28/2013

   Citigroup Global
Markets Realty Corp.		   $ 3,700       4.16 %      4/6/2023  
Principal payments of mortgage notes payable
         

Year

   Scheduled Principal
Payments		  

Nine Months ending December 31, 2013

   $ 13,850  

2014

     24,463  

2015

     41,285  

2016

     79,313  

2017

     65,484  

2018

     17,988  

Thereafter

     117,799  
   

 

 

  
    $ 360,182