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Notes Payable and Unsecured Credit Facilities (Tables) | 9 Months Ended
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Sep. 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 |  |  | September 30, 2019 |  |  | December 31, 2018 |
Notes payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate mortgage loans |  | 4.4% |  |  | 4.0% |  |  | $ | 344,610 |  |  |  | 403,306 |
Variable rate mortgage loans (1) |  | 3.2% |  |  | 3.4% |  |  |  | 149,273 |  |  |  | 127,850 |
Fixed rate unsecured public and private debt |  | 3.9% |  |  | 4.2% |  |  |  | 2,944,076 |  |  |  | 2,475,322 |
Total notes payable |  |  |  |  |  |  |  |  |  |  | 3,437,959 |  |  |  | 3,006,478 |
Unsecured credit facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit (the "Line") (2) |  | 3.1% |  |  | 3.3% |  |  |  | 185,000 |  |  |  | 145,000 |
Term loans |  | 2.0% |  |  | 2.1% |  |  |  | 264,309 |  |  |  | 563,734 |
Total unsecured credit facilities |  |  |  |  |  |  |  |  |  |  | 449,309 |  |  |  | 708,734 |
Total debt outstanding |  |  |  |  |  |  |  |  |  | $ | 3,887,268 |  |  |  | 3,715,212 |
(1) Includes six mortgages with interest rates that vary on LIBOR based formulas. Four of these variable rate loans have interest rate swaps in place to fix the interest rates. The effective fixed rates of the loans range from 2.5% 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, 2019, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows:
(in thousands) |  | September 30, 2019 |
Scheduled Principal Payments and Maturities by Year: |  | Scheduled Principal Payments |  |  | Mortgage Loan Maturities |  |  | Unsecured Maturities (1) |  |  | Total |
2019 (2) |  | $ | 2,530 |  |  |  | — |  |  |  | — |  |  |  | 2,530 |
2020 |  |  | 11,285 |  |  |  | 39,074 |  |  |  | — |  |  |  | 50,359 |
2021 |  |  | 11,598 |  |  |  | 74,751 |  |  |  | — |  |  |  | 86,349 |
2022 |  |  | 11,797 |  |  |  | 5,848 |  |  |  | 750,000 |  |  |  | 767,645 |
2023 |  |  | 10,077 |  |  |  | 59,374 |  |  |  | — |  |  |  | 69,451 |
Beyond 5 Years |  |  | 27,013 |  |  |  | 236,046 |  |  |  | 2,675,000 |  |  |  | 2,938,059 |
Unamortized debt premium/(discount) and issuance costs |  |  | — |  |  |  | 4,490 |  |  |  | (31,615 | ) |  |  | (27,125 | )
Total |  | $ | 74,300 |  |  |  | 419,583 |  |  |  | 3,393,385 |  |  |  | 3,887,268 |
(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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