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Notes Payable and Unsecured Credit Facilities (Tables) | 6 Months Ended
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Jun. 30, 2019
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 |  |  | June 30, 2019 |  |  | December 31, 2018 |
Notes payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate mortgage loans |  | 4.5% |  |  | 4.0% |  |  | $ | 344,963 |  |  |  | 403,306 |
Variable rate mortgage loans (1) |  | 3.5% |  |  | 3.6% |  |  |  | 127,018 |  |  |  | 127,850 |
Fixed rate unsecured public and private debt |  | 4.0% |  |  | 4.4% |  |  |  | 2,522,514 |  |  |  | 2,475,322 |
Total notes payable |  |  |  |  |  |  |  |  |  |  | 2,994,495 |  |  |  | 3,006,478 |
Unsecured credit facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit (the "Line") (2) |  | 3.4% |  |  | 3.6% |  |  |  | 120,000 |  |  |  | 145,000 |
Term loans |  | 2.4% |  |  | 2.5% |  |  |  | 563,970 |  |  |  | 563,734 |
Total unsecured credit facilities |  |  |  |  |  |  |  |  |  |  | 683,970 |  |  |  | 708,734 |
Total debt outstanding |  |  |  |  |  |  |  |  |  | $ | 3,678,465 |  |  |  | 3,715,212 |
(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 June 30, 2019, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows:
(in thousands) |  | June 30, 2019 |
Scheduled Principal Payments and Maturities by Year: |  | Scheduled Principal Payments |  |  | Mortgage Loan Maturities |  |  | Unsecured Maturities (1) |  |  | Total |
2019 (2) |  | $ | 4,924 |  |  |  | — |  |  |  | — |  |  |  | 4,924 |
2020 |  |  | 11,287 |  |  |  | 39,074 |  |  |  | 300,000 |  |  |  | 350,361 |
2021 |  |  | 11,599 |  |  |  | 76,251 |  |  |  | — |  |  |  | 87,850 |
2022 |  |  | 11,798 |  |  |  | 5,848 |  |  |  | 685,000 |  |  |  | 702,646 |
2023 |  |  | 10,077 |  |  |  | 59,375 |  |  |  | — |  |  |  | 69,452 |
Beyond 5 Years |  |  | 27,013 |  |  |  | 209,846 |  |  |  | 2,250,000 |  |  |  | 2,486,859 |
Unamortized debt premium/(discount) and issuance costs |  |  | — |  |  |  | 4,890 |  |  |  | (28,517 | ) |  |  | (23,627 | )
Total |  | $ | 76,698 |  |  |  | 395,284 |  |  |  | 3,206,483 |  |  |  | 3,678,465 |
(1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments for the remainder of the year.

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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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