Quarterly report pursuant to Section 13 or 15(d)

Unsecured Lines of Credit Payable

v2.4.0.8
Unsecured Lines of Credit Payable
9 Months Ended
Sep. 30, 2014
Unsecured Debt [Abstract]  
Unsecured Lines of Credit Payable
NOTE 5: UNSECURED LINES OF CREDIT PAYABLE
As of September 30, 2014, we maintained a $100.0 million unsecured line of credit maturing in June 2015 ("Credit Facility No. 1") and a $400.0 million unsecured line of credit maturing in July 2016 ("Credit Facility No. 2"). Credit Facilities No. 1 and No. 2 have accordion features that allow us to increase the facilities to $200.0 million and $600.0 million, respectively, subject to additional lender commitments.
The amounts of these lines of credit unused and available at September 30, 2014 are as follows (in thousands):
 
Credit Facility
No. 1
 
Credit Facility
No. 2
Committed capacity
$
100,000

 
$
400,000

Borrowings outstanding
(5,000
)
 

Unused and available
$
95,000

 
$
400,000



We executed borrowings on the unsecured lines of credit during the 2014 Period as follows (in thousands):
 
Credit Facility
No. 1
Balance at December 31, 2013
$

Borrowings
5,000

Balance at September 30, 2014
$
5,000