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Mortgages Payable (Tables) - Mortgages payable | 6 Months Ended
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Jun. 30, 2021
Debt |
Summary of mortgages payable | The following table summarizes our mortgages payable as of June 30, 2021 and December 31, 2020, respectively (dollars in thousands):
As Of |  | Number of Properties (1) |  | Weighted Average Stated Interest Rate (2) |  | Weighted Average Effective Interest Rate (3) |  | Weighted Average Remaining Years Until Maturity |  | Remaining Principal Balance |  | Unamortized Premium and Deferred Financing Costs Balance, net |  | Mortgage Payable Balance
6/30/2021 |  | 62 |  | 4.5 | % |  | 4.3 | % |  | 2.9 |  | $ | 299,901 |  |  | $ | 673 |  |  | $ | 300,574 |
12/31/2020 |  | 68 |  | 4.9 | % |  | 4.6 | % |  | 2.9 |  | $ | 299,631 |  |  | $ | 729 |  |  | $ | 300,360 |
(1)At June 30, 2021, there were 14 mortgages on 62 properties. At December 31, 2020, there were 18 mortgages on 68 properties. The mortgages require monthly payments with principal payments due at maturity. At June 30, 2021 and December 31, 2020, all mortgages were at fixed interest rates. (2) Stated interest rates ranged from 3.0% to 6.9% and 3.8% to 6.9% at each of June 30, 2021 and December 31, 2020, respectively. (3) Effective interest rates ranged from 2.8% to 5.1% and 4.0% to 5.5% at each of June 30, 2021 and December 31, 2020, respectively.
Schedule of maturity of debt, net | The following table summarizes the maturity of mortgages payable, excluding net premiums of $1.6 million and deferred financing costs of $942,000, as of June 30, 2021 (dollars in millions):
Year of Maturity |  | Principal
2021 |  | $ | 1.9
2022 |  | 112.1
2023 |  | 20.9
2024 |  | 112.5
2025 |  | 42.4
Thereafter |  | 10.1
Totals |  | $ | 299.9

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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