ventas , inc .notes to consolidated financial statements 2014 ( continued ) if we experience certain kinds of changes of control , the issuers must make an offer to repurchase the senior notes , in whole or in part , at a purchase price in cash equal to 101% ( 101 % ) of the principal amount of the senior notes , plus any accrued and unpaid interest to the date of purchase ; provided , however , that in the event moody 2019s and s&p have confirmed their ratings at ba3 or higher and bb- or higher on the senior notes and certain other conditions are met , this repurchase obligation will not apply .mortgages at december 31 , 2006 , we had outstanding 53 mortgage loans that we assumed in connection with various acquisitions .outstanding principal balances on these loans ranged from $ 0.4 million to $ 114.4 million as of december 31 , 2006 .the loans bear interest at fixed rates ranging from 5.6% ( 5.6 % ) to 8.5% ( 8.5 % ) per annum , except with respect to eight loans with outstanding principal balances ranging from $ 0.4 million to $ 114.4 million , which bear interest at the lender 2019s variable rates , ranging from 3.6% ( 3.6 % ) to 8.5% ( 8.5 % ) per annum at of december 31 , 2006 .the fixed rate debt bears interest at a weighted average annual rate of 7.06% ( 7.06 % ) and the variable rate debt bears interest at a weighted average annual rate of 5.61% ( 5.61 % ) as of december 31 , 2006 .the loans had a weighted average maturity of eight years as of december 31 , 2006 .the $ 114.4 variable mortgage debt was repaid in january 2007 .scheduled maturities of borrowing arrangements and other provisions as of december 31 , 2006 , our indebtedness has the following maturities ( in thousands ) : .
[['2007', '$ 130206'], ['2008', '33117'], ['2009', '372725'], ['2010', '265915'], ['2011', '273761'], ['thereafter', '1261265'], ['total maturities', '2336989'], ['less unamortized commission fees and discounts', '-7936 ( 7936 )'], ['senior notes payable and other debt', '$ 2329053']]
certain provisions of our long-term debt contain covenants that limit our ability and the ability of certain of our subsidiaries to , among other things : ( i ) incur debt ; ( ii ) make certain dividends , distributions and investments ; ( iii ) enter into certain transactions ; ( iv ) merge , consolidate or transfer certain assets ; and ( v ) sell assets .we and certain of our subsidiaries are also required to maintain total unencumbered assets of at least 150% ( 150 % ) of this group 2019s unsecured debt .derivatives and hedging in the normal course of business , we are exposed to the effect of interest rate changes .we limit these risks by following established risk management policies and procedures including the use of derivatives .for interest rate exposures , derivatives are used primarily to fix the rate on debt based on floating-rate indices and to manage the cost of borrowing obligations .we currently have an interest rate swap to manage interest rate risk ( the 201cswap 201d ) .we prohibit the use of derivative instruments for trading or speculative purposes .further , we have a policy of only entering into contracts with major financial institutions based upon their credit ratings and other factors .when viewed in conjunction with the underlying and offsetting exposure that the derivative is designed to hedge , we do not anticipate any material adverse effect on our net income or financial position in the future from the use of derivatives. .

Question: what percentage of total maturities amortize after 2011?
Answer: 54.0%