Annual report pursuant to Section 13 and 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

v3.3.1.900
LOANS PAYABLE AND OTHER BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Loans Payable and Other Borrowings
Loans payable and other borrowings consist of the following (in thousands):
 
 
At December 31, 2015
 
At December 31, 2014
Other borrowings, real estate note payable (1)
 
$
23,867

 
$
30,722

$500 million unsecured revolving credit facility, maturing July 2019, with interest approximating LIBOR (approximately 0.43% at December 31, 2015) plus 1.75% or Prime (3.50% at December 31, 2015) plus 0.75%
 
—

 
—

Total
 
$
23,867

 
$
30,722

(1)
Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 6%.
Senior and convertible senior notes consist of the following (in thousands):
 
 
At December 31, 2015
 
At December 31, 2014
4.50% senior notes due 2018
 
$
175,000

 
$
175,000

7.15% senior notes due 2020. At December 31, 2015 and December 31, 2014 there was approximately $2,418 and $2,986 in net unamortized premium, respectively
 
302,418

 
302,986

7.00% senior notes due 2022
 
300,000

 
300,000

6.00% senior notes due 2025
 
200,000

 
—

1.875% convertible senior notes due 2032
 
126,500

 
126,500

Total
 
$
1,103,918

 
$
904,486