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Notes Payable and Unsecured Credit Facilities (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Schedule of Debt | The Company’s outstanding debt consisted of the following:
(in thousands) | Weighted Average Contractual Rate | Weighted Average Effective Rate | September 30, 2018 |  | December 31, 2017
Notes payable: |  |  |  |  |
Fixed rate mortgage loans | 4.8% | 4.3% | $ | 406,072 |  |  | 520,193 |
Variable rate mortgage loans | 3.3% | 3.6% | 127,796 |  | (1) | 125,866 |
Fixed rate unsecured public and private debt | 4.0% | 4.4% | 2,474,724 |  |  | 2,325,656 |
Total notes payable |  |  | 3,008,592 |  |  | 2,971,715 |
Unsecured credit facilities: |  |  |  |  |
Line of Credit (the "Line") (2) | 2.9% | 3.1% | 145,000 |  |  | 60,000 |
Term loans | 2.4% | 2.5% | 563,616 |  |  | 563,262 |
Total unsecured credit facilities |  |  | 708,616 |  |  | 623,262 |
Total debt outstanding |  |  | $ | 3,717,208 |  |  | 3,594,977 |
(1) Includes five mortgages whose interest rates vary on LIBOR based formulas. Three of these variable rate loans have interest rate swaps in place to fix the interest rates at a range of 2.8% to 4.1%.
(2) Weighted average effective and contractual rate for the Line is calculated based on a fully drawn Line balance.
Schedule of maturities of long-term debt | As of September 30, 2018, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows:
(in thousands) | September 30, 2018
Scheduled Principal Payments and Maturities by Year: | Scheduled Principal Payments |  | Mortgage Loan Maturities |  | Unsecured Maturities (1) |  | Total
2018 | $ | 2,196 |  |  | — |  |  | — |  |  | 2,196 |
2019 | 9,519 |  |  | 13,216 |  |  | — |  |  | 22,735 |
2020 | 11,287 |  |  | 78,580 |  |  | 300,000 |  |  | 389,867 |
2021 | 11,600 |  |  | 77,060 |  |  | 250,000 |  |  | 338,660 |
2022 | 11,799 |  |  | 5,848 |  |  | 710,000 |  |  | 727,647 |
Beyond 5 Years | 37,056 |  |  | 269,217 |  |  | 1,950,000 |  |  | 2,256,273 |
Unamortized debt premium/(discount) and issuance costs | — |  |  | 6,490 |  |  | (26,660 | ) |  | (20,170 | )
Total | $ | 83,457 |  |  | 450,411 |  |  | 3,183,340 |  |  | 3,717,208 |
(1) Includes unsecured public and private debt and unsecured credit facilities.

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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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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + 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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