National Storage Affiliates Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Summary of indebtedness repaid

The following table presents a summary of the outstanding indebtedness repaid with the net proceeds from the Company's initial public offering (dollars in thousands):



	Scheduled Maturity	Effective Rate as of March 31, 2015 ⁽¹⁾	Principal			Prepayment Penalty			Write-off of Debt Issuance Costs
Unsecured term loan	10/1/2015	5.18%	$	50,000		$	—		$	219
Variable rate mortgages payable:
US Bank senior term loan	6/24/2015	2.58%	52,000			—			137
US Bank senior term loan	10/8/2015	2.43%	6,500			—			16
Mezzanine loan	6/24/2015	9.65%	25,000			500			42
Total variable rate mortgages payable:			83,500			500			195
Revolving line of credit	3/31/2017	2.78%	96,300			—			—
Total			$	229,800		$	500		$	414


⁽¹⁾	^{Represents the effective interest rate as of}^{March 31, 2015}^{. Effective interest rate incorporates the stated rate plus the impact of interest rate swaps and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate also includes fees for unused borrowings.}