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MORTGAGE LOANS AND NOTES PAYABLE | 6 Months Ended
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Jun. 30, 2015
MORTGAGE LOANS AND NOTES PAYABLE |
MORTGAGE LOANS AND NOTES PAYABLE | 8. MORTGAGE LOANS AND NOTES PAYABLE The Company’s mortgage loans and notes payable are summarized as follows:
|  | Carrying Value as of: |  |  |  |  |
|  | June 30, |  | December 31, |  | Effective |  | Maturity |
Mortgage Loans and Notes Payable |  | 2015 |  | 2014 |  | Interest Rate |  | Date |
|  | (in thousands) |  |  |  |  |
YSI 29 |  |  | 12,520 |  |  | 12,635 |  | 3.69 | % | Aug-15 |
YSI 13 |  |  | 8,365 |  |  | 8,427 |  | 3.00 | % | Oct-15 |
YSI 20 |  |  | — |  |  | 54,091 |  | 5.97 | % | Nov-15 |
YSI 63 |  |  | 7,412 |  |  | 7,466 |  | 2.82 | % | Dec-15 |
YSI 59 |  |  | 9,117 |  |  | 9,221 |  | 4.82 | % | Mar-16 |
YSI 60 |  |  | 3,578 |  |  | 3,610 |  | 5.04 | % | Aug-16 |
YSI 51 |  |  | 7,045 |  |  | 7,105 |  | 5.15 | % | Sep-16 |
YSI 64 |  |  | 7,851 |  |  | 7,919 |  | 3.54 | % | Oct-16 |
YSI 62 |  |  | 7,899 |  |  | 7,962 |  | 3.54 | % | Dec-16 |
YSI 33 |  |  | 10,294 |  |  | 10,429 |  | 6.42 | % | Jul-19 |
YSI 26 |  |  | 8,694 |  |  | 8,780 |  | 4.56 | % | Nov-20 |
YSI 57 |  |  | 3,052 |  |  | 3,082 |  | 4.61 | % | Nov-20 |
YSI 55 |  |  | 23,569 |  |  | 23,767 |  | 4.85 | % | Jun-21 |
YSI 24 |  |  | 27,531 |  |  | 27,873 |  | 4.64 | % | Jun-21 |
YSI 65 |  |  | 2,521 |  |  | — |  | 3.85 | % | Jun-23 |
Unamortized fair value adjustment |  |  | 2,844 |  |  | 3,484 |  |  |  |  |
Total mortgage loans and notes payable |  | $ | 142,292 |  | $ | 195,851 |  |  |  |  |
As of June 30, 2015 and December 31, 2014, the Company’s mortgage loans payable were secured by certain of its self-storage facilities with net book values of approximately $243 million and $344 million, respectively. The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable at June 30, 2015 (in thousands):
2015 |  | $ | 29,454 |
2016 |  |  | 36,880 |
2017 |  |  | 1,830 |
2018 |  |  | 1,934 |
2019 |  |  | 10,902 |
2020 and thereafter |  |  | 58,448 |
Total mortgage payments |  |  | 139,448 |
Plus: Unamortized fair value adjustment |  |  | 2,844 |
Total mortgage indebtedness |  | $ | 142,292 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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