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Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of debt and lines of credit | Debt consists of the following ($ in thousands):
| June 30, 2020 |  | December 31, 2019 |  | Weighted Average Maturity In Years as of June 30, 2020
Unsecured bonds private placement - fixed rate | $ | 199,884 |  |  | $ | 199,820 |  |  | 1.0
Term loan - variable rate | 548,896 |  |  | 349,189 |  |  | 2.1
Bonds public offering - fixed rate | 4,867,015 |  |  | 4,214,197 |  |  | 7.6
Unsecured debt, net (1) | 5,615,795 |  |  | 4,763,206 |  |  |
Lines of credit (2) | — |  |  | 55,000 |  |  |
Mortgage notes payable, net (3) | 703,617 |  |  | 990,667 |  |  | 9.5
Total debt, net | $ | 6,319,412 |  |  | $ | 5,808,873 |  |  |
Weighted average interest rate on fixed rate unsecured bonds private placement and bonds public offering | 3.6 | % |  | 3.8 | % |  |
Weighted average interest rate on variable rate term loan | 1.8 | % |  | 2.7 | % |  |
Weighted average interest rate on lines of credit | 1.0 | % |  | 2.5 | % |  |
Weighted average interest rate on mortgage notes payable | 2.8 | % |  | 4.1 | % |  |
(1) Includes unamortized discount of $5.7 million and $12.2 million and unamortized debt issuance costs of $28.5 million and $24.5 million, as of June 30, 2020 and December 31, 2019, respectively. (2) Lines of credit, related to the Company's two lines of unsecured credit aggregating $1.24 billion as of June 30, 2020, excludes unamortized debt issuance costs of $4.2 million and $3.8 million as of June 30, 2020 and December 31, 2019, respectively. These debt issuance costs are included in prepaid expenses and other assets on the condensed consolidated balance sheets. As of June 30, 2020, the Company’s $1.2 billion credit facility had an interest rate of LIBOR plus 0.825%, which is based on a tiered rate structure tied to the Company’s credit ratings and a scheduled maturity date of December 2023 with one 18-month extension, exercisable at the Company’s option. As of June 30, 2020, the Company’s $35.0 million working capital unsecured line of credit had an interest rate of LIBOR plus 0.825%, which is based on a tiered rate structure tied to the Company’s credit ratings, and a scheduled maturity date of February 2021. (3) Includes total unamortized premium of $4.6 million and $5.9 million, reduced by unamortized debt issuance costs of $2.2 million and $2.6 million, as of June 30, 2020 and December 31, 2019, respectively.
Summary of aggregate scheduled principal payments | The aggregate scheduled principal payments of the Company’s outstanding debt, excluding lines of credit, as of June 30, 2020 are as follows ($ in thousands):
Remaining in 2020 | $ | 1,983 |
2021 | 531,653 |
2022 | 693,188 |
2023 | 802,945 |
2024 | 403,109 |
Thereafter | 3,918,383 |
Total | $ | 6,351,261 |

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- Definition Tabular disclosure of information pertaining to long-debt instruments, line of credit 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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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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