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Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Summary of Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at September 30, 2021 |  | Effective Interest Rate at Issuance |  | Maturity Date |
| September 30, 2021 |  | December 31, 2020 |  |
Mortgage Loans Payable, Gross | $ | 83,117 |  |  | $ | 144,214 |  |  | 4.03% – 4.17% |  | 4.03% – 4.17% |  | September 2022 – August 2028 |
Unamortized Debt Issuance Costs | (126) |  |  | (335) |  |  |  |  |  |  |  |
Mortgage Loans Payable, Net | $ | 82,991 |  |  | $ | 143,879 |  |  |  |  |  |  |  |
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 |  |  | 100,000 |  |  | 2.74% |  | 2.74% |  | 9/17/2030 |
2032 Private Placement Notes | 200,000 |  |  | 200,000 |  |  | 2.84% |  | 2.84% |  | 9/17/2032 |
Subtotal | $ | 998,571 |  |  | $ | 998,571 |  |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (5,670) |  |  | (6,206) |  |  |  |  |  |  |  |
Unamortized Discounts | (60) |  |  | (65) |  |  |  |  |  |  |  |
Senior Unsecured Notes, Net | $ | 992,841 |  |  | $ | 992,300 |  |  |  |  |  |  |  |
Unsecured Term Loans, Gross |  |  |  |  |  |  |  |  |  |
2015 Unsecured Term Loan (A) | 260,000 |  |  | 260,000 |  |  | 2.89% |  | N/A |  | 9/12/2022 |
2020 Unsecured Term Loan | — |  |  | 200,000 |  |  | N/A |  | N/A |  | N/A |
2021 Unsecured Term Loan (A) | 200,000 |  |  | — |  |  | 1.84% |  | N/A |  | 7/7/2026 |
Subtotal | $ | 460,000 |  |  | $ | 460,000 |  |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (1,896) |  |  | (1,538) |  |  |  |  |  |  |  |
Unsecured Term Loans, Net | $ | 458,104 |  |  | $ | 458,462 |  |  |  |  |  |  |  |
Unsecured Credit Facility (B) | $ | 74,000 |  |  | $ | — |  |  | 0.86% |  | N/A |  | 7/7/2025 |
_______________ (A) The interest rate at September 30, 2021 includes the impact of derivative instruments we entered into to effectively convert the variable rate to a fixed rate. See Note 10. (B) Amounts exclude unamortized debt issuance costs of $4,897 and $1,049 as of September 30, 2021 and December 31, 2020, 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 discounts and debt issuance costs, for the next five years as of September 30, and thereafter:
| Amount
Remainder of 2021 | $ | 793 |
2022 | 332,024 |
2023 | 321 |
2024 | 335 |
2025 | 74,349 |
Thereafter | 1,207,866 |
Total | $ | 1,615,688 |
Summary of Indebtedness at Estimated Fair Value | At September 30, 2021 and December 31, 2020, the fair value of our indebtedness was as follows:
| September 30, 2021 |  | December 31, 2020
| Carrying Amount (A) |  | Fair Value |  | Carrying Amount (A) |  | Fair Value
Mortgage Loans Payable | $ | 83,117 |  |  | $ | 85,452 |  |  | $ | 144,214 |  |  | $ | 148,770 |
Senior Unsecured Notes, Net | 998,511 |  |  | 1,085,573 |  |  | 998,506 |  |  | 1,096,262 |
Unsecured Term Loans | 460,000 |  |  | 460,647 |  |  | 460,000 |  |  | 458,207 |
Unsecured Credit Facility | 74,000 |  |  | 74,000 |  |  | — |  |  | — |
Total | $ | 1,615,628 |  |  | $ | 1,705,672 |  |  | $ | 1,602,720 |  |  | $ | 1,703,239 |
_______________ (A) The carrying amounts include unamortized discounts and exclude unamortized debt issuance costs.

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