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Debt (Tables)

9 Months Ended

Sep. 30, 2020

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

The following table presents scheduled principal payments related to the Company’s debt as of September 30, 2020 (in thousands):

​

​	​	​	​	​	​	​	​	​
​	Scheduled			Balloon			​	​
​	Principal		​	Payment		​	Total
Remainder of 2020	$	240	​	$	—	​	$	240
2021		998	​		—	​		998
2022		1,060	​		—	​		1,060
2023		1,069	​		67,656	​		68,725
2024 (1)	​	963	​	​	120,000	​	​	120,963
Thereafter		1,656	​		960,000	​		961,656
Total scheduled principal payments	​	5,986	​	​	1,147,656	​	​	1,153,642
Original issue discount	​	—	​	​	(252)	​	​	(252)
Total	$	5,986	​	$	1,147,404	​	$	1,153,390

(1) The Revolving Credit Facility matures in January 2024, with options to extend the maturity as described under Senior Unsecured Revolving Credit Facility above. The Revolving Credit Facility had a balance of $20.0 million as of September 30, 2020.

​

Mortgages [Member]

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

​

​	​	​	​	​	​	​
​		September 30, 2020			December 31, 2019
(not presented in thousands)	​	(in thousands)
Note payable in monthly installments of $23,004, including interest at 6.24% per annum, extinguished in January 2020	​	$	—	​	$	2,775
​	​		​	​
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	​		4,639	​		4,779
​	​			​
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026	​		5,363	​		5,921
​	​			​
Total principal	​		33,642	​		37,115
Unamortized debt issuance costs	​		(338)	​		(417)
Total	​	$	33,304	​	$	36,698

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 September 30, 2020 and December 31, 2019 (in thousands):

​

​	​	​	​	​	​	​
​		September 30, 2020			December 31, 2019
2023 Term Loan	​	$	40,000	​	$	40,000
2024 Term Loan Facilities	​		100,000	​		100,000
2026 Term Loan	​		100,000	​		100,000
Total Principal	​		240,000	​		240,000
Unamortized debt issuance costs	​		(2,235)	​		(2,597)
Total	​	$	237,765	​	$	237,403

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 and original issue discount as of September 30, 2020, and December 31, 2019 (in thousands):

​

​	​	​	​	​	​	​
​		September 30, 2020			December 31, 2019
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	​		125,000
2030 Senior Unsecured Public Notes	​	​	350,000	​	​	—
2031 Senior Unsecured Notes	​		125,000	​	​	125,000
Total Principal	​		860,000	​		510,000
Unamortized debt issuance costs and original issue discount	​		(4,768)	​		(802)
Total	​	$	855,232	​	$	509,198

X

- 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.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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