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Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at December 31, 2020 |  | Effective Interest Rate at Issuance |  | Maturity Date
| December 31, 2020 |  | December 31, 2019 |
Mortgage Loans Payable, Gross | $ | 144,214 |  |  | $ | 174,360 |  |  | 4.03% – 4.85% |  | 4.03% – 4.85% |  | October 2021 – August 2028
Unamortized Debt Issuance Costs | (335) |  |  | (675) |  |  |  |  |  |  |
Mortgage Loans Payable, Net | $ | 143,879 |  |  | $ | 173,685 |  |  |  |  |  |  |
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 |  |  | 150,000 |  |  | 3.86% |  | 3.86% |  | 2/15/2028
2029 Private Placement Notes | 75,000 |  |  | 75,000 |  |  | 4.40% |  | 4.40% |  | 4/20/2029
2029 II Private Placement Notes | 150,000 |  |  | 150,000 |  |  | 3.97% |  | 4.23% |  | 7/23/2029
2030 Private Placement Notes | 150,000 |  |  | 150,000 |  |  | 3.96% |  | 3.96% |  | 2/15/2030
2030 II Private Placement Notes | 100,000 |  |  | — |  |  | 2.74% |  | 2.74% |  | 9/17/2030
2032 Private Placement Notes | 200,000 |  |  | — |  |  | 2.84% |  | 2.84% |  | 9/17/2032
Subtotal | $ | 998,571 |  |  | $ | 698,571 |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (6,206) |  |  | (4,485) |  |  |  |  |  |  |
Unamortized Discounts | (65) |  |  | (71) |  |  |  |  |  |  |
Senior Unsecured Notes, Net | $ | 992,300 |  |  | $ | 694,015 |  |  |  |  |  |  |
Unsecured Term Loans, Gross |  |  |  |  |  |  |  |  |
2014 Unsecured Term Loan | $ | — |  |  | $ | 200,000 |  |  | N/A |  | N/A |  | N/A
2015 Unsecured Term Loan (A) | 260,000 |  |  | 260,000 |  |  | 2.89% |  | N/A |  | 9/12/2022
2020 Unsecured Term Loan (A) | 200,000 |  |  | — |  |  | 3.79% |  | N/A |  | 7/15/2021
Subtotal | $ | 460,000 |  |  | $ | 460,000 |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (1,538) |  |  | (2,135) |  |  |  |  |  |  |
Unsecured Term Loans, Net | $ | 458,462 |  |  | $ | 457,865 |  |  |  |  |  |  |
Unsecured Credit Facility (B) | $ | — |  |  | $ | 158,000 |  |  | N/A |  | N/A |  | 10/29/2021
(A) The interest rate at December 31, 2020 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 $1,049 and $2,300 as of December 31, 2020 and 2019, 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
2021 | $ | 261,891 |
2022 | 332,024 |
2023 | 321 |
2024 | 335 |
2025 | 349 |
Thereafter | 1,007,865 |
Total | $ | 1,602,785 |
Summary of Indebtedness at Estimated Fair Value | At December 31, 2020 and 2019, the fair value of our indebtedness was as follows:
| December 31, 2020 |  | December 31, 2019
| Carrying Amount (A) |  | Fair Value |  | Carrying Amount (A) |  | Fair Value
Mortgage Loans Payable, Net | $ | 144,214 |  |  | $ | 148,770 |  |  | $ | 174,360 |  |  | $ | 179,287 |
Senior Unsecured Notes, Net | 998,506 |  |  | 1,096,262 |  |  | 698,500 |  |  | 756,351 |
Unsecured Term Loans | 460,000 |  |  | 458,207 |  |  | 460,000 |  |  | 460,902 |
Unsecured Credit Facility | — |  |  | — |  |  | 158,000 |  |  | 158,141 |
Total | $ | 1,602,720 |  |  | $ | 1,703,239 |  |  | $ | 1,490,860 |  |  | $ | 1,554,681 |
(A) The carrying amounts include unamortized premiums and/or discounts and exclude unamortized debt issuance costs.

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