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Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Summary of Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at December 31, 2018 |  | Effective Interest Rate at Issuance |  | Maturity Date
| December 31, 2018 |  | December 31, 2017 |
Mortgage Loans Payable, Gross | $ | 297,610 |  |  | $ | 451,602 |  |  | 4.03% – 8.26% |  | 3.82% – 8.26% |  | July 2019 – August 2028
Unamortized Debt Issuance Costs | (1,246 | ) |  | (1,806 | ) |  |  |  |  |  |
Unamortized Premiums | 106 |  |  | 260 |  |  |  |  |  |  |
Mortgage Loans Payable, Net | $ | 296,470 |  |  | $ | 450,056 |  |  |  |  |  |  |
Senior Unsecured Notes, Gross |  |  |  |  |  |  |  |  |
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
2027 Private Placement Notes | 125,000 |  |  | 125,000 |  |  | 4.30% |  | 4.30% |  | 4/20/2027
2028 Private Placement Notes | 150,000 |  |  | — |  |  | 3.86% |  | 3.86% |  | 2/15/2028
2029 Private Placement Notes | 75,000 |  |  | 75,000 |  |  | 4.40% |  | 4.40% |  | 4/20/2029
2030 Private Placement Notes | 150,000 |  |  | — |  |  | 3.96% |  | 3.96% |  | 2/15/2030
Subtotal | $ | 548,571 |  |  | $ | 248,571 |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (3,990 | ) |  | (1,814 | ) |  |  |  |  |  |
Unamortized Discounts | (77 | ) |  | (84 | ) |  |  |  |  |  |
Senior Unsecured Notes, Net | $ | 544,504 |  |  | $ | 246,673 |  |  |  |  |  |  |
Unsecured Term Loans, Gross |  |  |  |  |  |  |  |  |
2014 Unsecured Term Loan (A) | $ | 200,000 |  |  | $ | 200,000 |  |  | 3.39% |  | N/A |  | 1/29/2021
2015 Unsecured Term Loan (A) | 260,000 |  |  | 260,000 |  |  | 2.89% |  | N/A |  | 9/12/2022
Subtotal | $ | 460,000 |  |  | $ | 460,000 |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (3,191 | ) |  | (4,232 | ) |  |  |  |  |  |
Unsecured Term Loans, Net | $ | 456,809 |  |  | $ | 455,768 |  |  |  |  |  |  |
Unsecured Credit Facility (B) | $ | — |  |  | $ | 144,500 |  |  | N/A |  | N/A |  | 10/29/2021
(A) During the year ended December 31, 2018, pursuant to the agreements for our unsecured term loans entered into in 2014 and 2015 (collectively, the "Unsecured Term Loans"), we elected to have the interest spread calculated based on our investment grade rating resulting in a 10 basis point reduction in the credit spread compared to the prior rate. The interest rate at December 31, 2018 also reflects the derivative instruments we entered into to effectively convert the variable rate to a fixed rate. See Note 12. (B) The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized debt issuance costs of $3,554 and $4,781 as of December 31, 2018 and 2017, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net.
Schedule of Maturities | The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums, discounts and debt issuance costs, for the next five years as of December 31, and thereafter:
| Amount
2019 | $ | 79,600 |
2020 | 59,046 |
2021 | 267,113 |
2022 | 341,552 |
2023 | 321 |
Thereafter | 558,549 |
Total | $ | 1,306,181 |
Summary of Indebtedness at Estimated Fair Value | At December 31, 2018 and 2017, the fair value of our indebtedness was as follows:
| December 31, 2018 |  | December 31, 2017
| Carrying Amount (A) |  | Fair Value |  | Carrying Amount (A) |  | Fair Value
Mortgage Loans Payable, Net | $ | 297,716 |  |  | $ | 304,508 |  |  | $ | 451,862 |  |  | $ | 467,303 |
Senior Unsecured Notes, Net | 548,494 |  |  | 546,607 |  |  | 248,487 |  |  | 269,731 |
Unsecured Term Loans | 460,000 |  |  | 461,317 |  |  | 460,000 |  |  | 460,000 |
Unsecured Credit Facility | — |  |  | — |  |  | 144,500 |  |  | 144,500 |
Total | $ | 1,306,210 |  |  | $ | 1,312,432 |  |  | $ | 1,304,849 |  |  | $ | 1,341,534 |
(A) The carrying amounts include unamortized premiums and discounts and exclude unamortized debt issuance costs.

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