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Notes Payable and Unsecured Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The Company's outstanding debt, net of unamortized debt premium (discount) and debt issuance costs, consisted of the following as of the dates set forth below:
|  | Maturing Through |  | Weighted Average Contractual Rate |  | Weighted Average Effective Rate |  | December 31, |
(in thousands) |  |  |  |  |  |  |  | 2022 |  |  | 2021 |
Notes payable: |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate mortgage loans |  | 3/1/2032 |  | 3.9% |  | 3.5% |  | $ | 342,135 |  |  |  | 359,414 |
Variable rate mortgage loans (1) |  | 6/2/2027 |  | 3.4% |  | 3.7% |  |  | 136,246 |  |  |  | 115,539 |
Fixed rate unsecured debt |  | 3/15/2049 |  | 3.8% |  | 4.0% |  |  | 3,248,373 |  |  |  | 3,243,991 |
Total notes payable |  |  |  |  |  |  |  |  | 3,726,754 |  |  |  | 3,718,944 |
Unsecured credit facilities: |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit (2) |  | 3/23/2025 |  | 5.0% |  | 5.3% |  |  | — |  |  |  | — |
Total debt outstanding |  |  |  |  |  |  |  | $ | 3,726,754 |  |  |  | 3,718,944 |
(1) Five of these six variable rate loans, representing $132.1 million of debt in the aggregate, have interest rate swaps in place to mitigate interest rate fluctuation risk. With these swap agreements, the fixed rates of the loans range f rom 2.5% to 4.1%. (2) Weighted-average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate.
Schedule of Maturities of Long-term Debt | Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows:
(in thousands) |  | December 31, 2022 |
Scheduled Principal Payments and Maturities by Year: |  | Scheduled Principal Payments |  |  | Mortgage Loan Maturities |  |  | Unsecured Maturities (1) |  |  | Total |
2023 |  | $ | 9,695 |  |  |  | 59,383 |  |  |  | — |  |  |  | 69,078 |
2024 |  |  | 4,849 |  |  |  | 90,758 |  |  |  | 250,000 |  |  |  | 345,607 |
2025 |  |  | 3,732 |  |  |  | 44,250 |  |  |  | 250,000 |  |  |  | 297,982 |
2026 |  |  | 3,922 |  |  |  | 112,365 |  |  |  | 200,000 |  |  |  | 316,287 |
2027 |  |  | 3,788 |  |  |  | 137,915 |  |  |  | 525,000 |  |  |  | 666,703 |
Beyond 5 Years |  |  | 2,873 |  |  |  | 319 |  |  |  | 2,050,000 |  |  |  | 2,053,192 |
Unamortized debt premium/(discount) and issuance costs |  |  | — |  |  |  | 4,532 |  |  |  | (26,627 | ) |  |  | (22,095 | )
Total notes payable |  | $ | 28,859 |  |  |  | 449,522 |  |  |  | 3,248,373 |  |  |  | 3,726,754 |
(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 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 https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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