| Company's Mortgage Notes Payable and Line of Credit |
Our mortgage notes payable and line of credit as of
September 30, 2013 and December 31, 2012 are summarized
below (dollars in thousands):
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Principal Balance Outstanding |
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Date of
Issuance/
Assumption
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Principal
Maturity Date |
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Stated Interest Rate at
September 30, 2013 (1)
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September 30, 2013 |
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December 31, 2012 |
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02/21/06
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12/01/13 |
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5.91 |
% |
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$ |
8,511 |
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$ |
8,658 |
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02/21/06
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06/30/14 |
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5.20 |
% |
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17,603 |
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17,930 |
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08/25/05
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09/01/15 |
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5.33 |
% |
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19,793 |
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20,074 |
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09/12/05
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09/01/15 |
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5.21 |
% |
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11,664 |
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11,821 |
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09/06/07
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12/11/15 |
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5.81 |
% |
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4,080 |
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4,141 |
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12/21/05
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01/08/16 |
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5.71 |
% |
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17,922 |
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18,155 |
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03/29/06
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04/01/16 |
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5.92 |
% |
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16,507 |
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16,669 |
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04/27/06
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05/05/16 |
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6.58 |
% |
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12,817 |
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13,080 |
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08/29/08
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06/01/16 |
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6.80 |
% |
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5,744 |
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5,866 |
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06/20/11
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06/30/16 |
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6.08 |
% |
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11,210 |
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11,341 |
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11/22/06
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12/01/16 |
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5.76 |
% |
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13,397 |
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13,558 |
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12/22/06
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01/01/17 |
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5.79 |
% |
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20,487 |
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20,731 |
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02/08/07
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03/01/17 |
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6.00 |
% |
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13,775 |
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13,775 |
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06/05/07
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06/08/17 |
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6.11 |
% |
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14,042 |
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14,163 |
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10/15/07
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11/08/17 |
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6.63 |
% |
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14,906 |
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15,072 |
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09/26/12
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07/01/18 |
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5.75 |
% |
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10,550 |
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10,707 |
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11/18/11
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11/01/18 |
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4.50 |
% |
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4,180 |
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4,256 |
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12/06/11
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12/06/19 |
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6.00 |
% |
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8,099 |
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8,272 |
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10/28/11
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11/01/21 |
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6.00 |
% |
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6,971 |
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7,068 |
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04/05/12
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05/01/22 |
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6.10 |
% |
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18,578 |
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18,821 |
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06/21/12
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07/06/22 |
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5.05 |
% |
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4,641 |
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4,712 |
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08/03/12
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07/31/22 |
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5.00 |
% |
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2,932 |
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2,979 |
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07/24/12
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08/01/22 |
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5.60 |
% |
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9,455 |
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9,661 |
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10/01/12
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10/01/22 |
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4.86 |
% |
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33,369 |
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33,888 |
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11/21/12
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12/06/22 |
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4.04 |
% |
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18,673 |
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19,000 |
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03/28/13
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04/06/23 |
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4.16 |
% |
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3,666 |
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— |
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07/03/13
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08/01/23 |
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5.00 |
% |
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8,191 |
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— |
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07/10/13
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08/01/23 |
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4.20 |
% |
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8,889 |
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— |
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07/09/13
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08/06/23 |
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4.81 |
% |
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35,261 |
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— |
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12/15/10
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12/10/26 |
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6.63 |
% |
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9,650 |
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9,983 |
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05/16/12
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12/31/26 |
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4.30 |
% |
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2,846 |
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2,897 |
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11/08/12
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02/01/27 |
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5.69 |
% |
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13,936 |
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14,145 |
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05/30/12
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05/10/27 |
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6.50 |
% |
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4,725 |
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4,883 |
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06/27/12
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07/01/29 |
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5.10 |
% |
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1,925 |
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1,984 |
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Contractual Fixed-Rate Mortgage Notes Payable:
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$ |
408,995 |
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$ |
358,290 |
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Premiums and (Discounts), net:
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767 |
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895 |
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Total Fixed-Rate Mortgage Notes Payable:
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$ |
409,762 |
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$ |
359,185 |
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Variable-Rate Line of Credit:
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08/07/13
|
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08/07/16 |
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LIBOR +3.00 |
% |
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$ |
28,900 |
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$ |
25,000 |
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Total Mortgage Notes Payable and Line of Credit
|
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$ |
438,662 |
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$ |
384,185 |
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(1) |
The weighted average interest rate on
all debt outstanding at September 30, 2013, was approximately
5.36%. |
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