Debt (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table presents scheduled principal payments related to our debt as of December 31, 2018 (in thousands):


	Scheduled		Balloon
	Principal		Payment		Total
2019	$	2,751	$	40,044	$	42,795
2020		1,100		2,767		3,867
2021 (1)		998		19,000		19,998
2022		1,060		—		1,060
2023		1,069		67,656		68,725
Thereafter		2,617		585,000		587,617
Total	$	9,595	$	714,467	$	724,062

The balloon payment balance includes the balance outstanding under the Credit Facility as of December 31, 2018. The Credit Facility matures in January 2021, with options to extend the maturity for one year at the Company’s election, subject to certain conditions.

Mortgages [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

Mortgages payable consisted of the following:


	December 31, 2018		December 31, 2017
(not presented in thousands)	(in thousands)
Note payable in monthly installments of interest only at LIBOR plus 160 basis points, swapped to a fixed rate of 2.49%. A balloon payment in the amount of $25,000,000 was repaid on March 29, 2018	$	—	$	25,000

Note payable in monthly installments of interest only at 3.32% per annum, with a balloon payment due October 2019		21,500		21,500

Note payable in monthly installments of $153,838, including interest at 6.90% per annum, with the final monthly payment due January 2020		1,922		3,573

Note payable in monthly installments of $23,004, including interest at 6.24% per annum, with a balloon payment of $2,781,819 due February 2020		2,872		2,963

Note payable in monthly installments of interest only at 3.60% per annum, with a balloon payment due January 2023		23,640		23,640

Note payable in monthly installments of $35,673, including interest at 5.01% per annum, with a balloon payment of $4,034,627 due September 2023		4,959		5,131

Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026		6,626		7,288

Total principal		61,519		89,095
Unamortized debt issuance costs		(593)		(825)
Total	$	60,926	$	88,270

Senior Unsecured Notes [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

The following table presents the Senior Unsecured Notes balance net of unamortized debt issuance costs as of December 31, 2018, and 2017 (in thousands):


	December 31, 2018		December 31, 2017
2025 Senior Unsecured Notes	$	50,000	$	50,000
2027 Senior Unsecured Notes		50,000		50,000
2028 Senior Unsecured Notes		60,000		60,000
2029 Senior Unsecured Notes		100,000		100,000
2030 Senior Unsecured Notes		125,000		—
Total Principal		385,000		260,000
Unamortized debt issuance costs		(936)		(878)
Total	$	384,064	$	259,122

Unsecured Debt [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

The following table presents the Unsecured Term Loans balance net of unamortized debt issuance costs as of December 31, 2018 and 2017 (in thousands):


	December 31, 2018		December 31, 2017
2019 Term Loan	$	18,543	$	19,304
2023 Term Loan		40,000		40,000
2024 Term Loan Facilities		100,000		100,000
2026 Term Loan		100,000		—
Total Principal		258,543		159,304
Unamortized debt issuance costs		(2,124)		(1,133)
Total	$	256,419	$	158,171

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details