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Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Summary of Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at September 30, 2017 |  | Effective Interest Rate at Issuance |  | Maturity Date
| September 30, 2017 |  | December 31, 2016 |
Mortgage Loans Payable, Gross | $ | 454,283 |  |  | $ | 498,435 |  |  | 4.03% – 8.26% |  | 3.82% – 8.26% |  | June 2018 – September 2022
Unamortized Deferred Financing Costs | (2,033 | ) |  | (2,905 | ) |  |  |  |  |  |
Unamortized Premiums | 301 |  |  | 426 |  |  |  |  |  |  |
Mortgage Loans Payable, Net | $ | 452,551 |  |  | $ | 495,956 |  |  |  |  |  |  |
Senior Unsecured Notes, Gross |  |  |  |  |  |  |  |  |
2017 Notes | 54,981 |  |  | 54,981 |  |  | 7.50% |  | 7.52% |  | 12/1/2017
2027 Notes | 6,070 |  |  | 6,070 |  |  | 7.15% |  | 7.11% |  | 5/15/2027
2028 Notes | 31,901 |  |  | 31,901 |  |  | 7.60% |  | 8.13% |  | 7/15/2028
2032 Notes | 10,600 |  |  | 10,600 |  |  | 7.75% |  | 7.87% |  | 4/15/2032
2017 II Notes | — |  |  | 101,871 |  |  | N/A |  | N/A |  | 5/15/2017
2027 Private Placement Notes | 125,000 |  |  | — |  |  | 4.30% |  | 4.30% |  | 4/20/2027
2029 Private Placement Notes | 75,000 |  |  | — |  |  | 4.40% |  | 4.40% |  | 4/20/2029
Subtotal | $ | 303,552 |  |  | $ | 205,423 |  |  |  |  |  |  |
Unamortized Deferred Financing Costs | (1,864 | ) |  | (320 | ) |  |  |  |  |  |
Unamortized Discounts | (86 | ) |  | (105 | ) |  |  |  |  |  |
Senior Unsecured Notes, Net | $ | 301,602 |  |  | $ | 204,998 |  |  |  |  |  |  |
Unsecured Term Loans, Gross |  |  |  |  |  |  |  |  |  |
2014 Unsecured Term Loan (A) | $ | 200,000 |  |  | $ | 200,000 |  |  | 3.99% |  | N/A |  | 1/29/2021
2015 Unsecured Term Loan (A) | 260,000 |  |  | 260,000 |  |  | 3.39% |  | N/A |  | 9/12/2022
Subtotal | $ | 460,000 |  |  | $ | 460,000 |  |  |  |  |  |  |
Unamortized Deferred Financing Costs | (2,862 | ) |  | (3,362 | ) |  |  |  |  |  |
Unsecured Term Loans, Net | $ | 457,138 |  |  | $ | 456,638 |  |  |  |  |  |  |
Unsecured Credit Facility (B) | $ | 157,000 |  |  | $ | 189,500 |  |  | 2.39% |  | N/A |  | 3/11/2019
(A) The interest rate at September 30, 2017 reflects the interest rate protection agreements we entered into to effectively convert the variable rate to a fixed rate. See Note 10. (B) The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized deferred financing costs of $1,881 and $2,876 as of September 30, 2017 and December 31, 2016, respectively, which are included in prepaid expenses and other assets on the consolidated balance sheets.
Schedule of Maturities | The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums, discounts and deferred financing costs, for the next five years as of September 30, and thereafter:
| Amount
Remainder of 2017 | $ | 57,662 |
2018 | 165,449 |
2019 | 236,329 |
2020 | 58,762 |
2021 | 266,818 |
Thereafter | 589,815 |
Total | $ | 1,374,835 |
Summary of Indebtedness at Estimated Fair Value | At September 30, 2017 and December 31, 2016, the fair value of our indebtedness was as follows:
| September 30, 2017 |  | December 31, 2016
| Carrying Amount (A) |  | Fair Value |  | Carrying Amount (A) |  | Fair Value
Mortgage Loans Payable, Net | $ | 454,584 |  |  | $ | 466,999 |  |  | $ | 498,861 |  |  | $ | 513,540 |
Senior Unsecured Notes, Net | 303,466 |  |  | 325,580 |  |  | 205,318 |  |  | 222,469 |
Unsecured Term Loans | 460,000 |  |  | 468,089 |  |  | 460,000 |  |  | 458,602 |
Unsecured Credit Facility | 157,000 |  |  | 157,116 |  |  | 189,500 |  |  | 189,500 |
Total | $ | 1,375,050 |  |  | $ | 1,417,784 |  |  | $ | 1,353,679 |  |  | $ | 1,384,111 |
(A) The carrying amounts include unamortized premiums and discounts and exclude unamortized deferred financing costs.

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