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Indebtedness (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Summary of Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at June 30, 2022 |  | Effective Interest Rate at Issuance |  | Maturity Date |
| June 30, 2022 |  | December 31, 2021 |  |
Mortgage Loans Payable, Gross | $ | 10,454 |  |  | $ | 79,764 |  |  | 4.17% |  | 4.17% |  | 8/1/2028 |
Unamortized Debt Issuance Costs | — |  |  | (90) |  |  |  |  |  |  |  |
Mortgage Loans Payable, Net | $ | 10,454 |  |  | $ | 79,674 |  |  |  |  |  |  |  |
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 | (5,134) |  |  | (5,491) |  |  |  |  |  |  |  |
Unamortized Discounts | (55) |  |  | (59) |  |  |  |  |  |  |  |
Senior Unsecured Notes, Net | $ | 993,382 |  |  | $ | 993,021 |  |  |  |  |  |  |  |
Unsecured Term Loans, Gross |  |  |  |  |  |  |  |  |  |
2015 Unsecured Term Loan | — |  |  | 260,000 |  |  | N/A |  | N/A |  | N/A |
2021 Unsecured Term Loan (A) | 200,000 |  |  | 200,000 |  |  | 1.84% |  | N/A |  | 7/7/2026 |
2022 Unsecured Term Loan (A) | 425,000 |  |  | — |  |  | 2.44% |  | N/A |  | 10/18/2027 |
Subtotal | $ | 625,000 |  |  | $ | 460,000 |  |  |  |  |  |  |  |
Unamortized Debt Issuance Costs | (4,048) |  |  | (1,675) |  |  |  |  |  |  |  |
Unsecured Term Loans, Net | $ | 620,952 |  |  | $ | 458,325 |  |  |  |  |  |  |  |
Unsecured Credit Facility (B) | $ | 282,000 |  |  | $ | 79,000 |  |  | 2.44% |  | N/A |  | 7/7/2025 |
_______________ (A) The interest rate at June 30, 2022 includes the impact of derivative instruments we entered into to effectively convert the variable rate of the debt, or a portion thereof, to a fixed rate. See Note 10. (B) Amounts exclude unamortized debt issuance costs of $3,931 and $4,577 as of June 30, 2022 and December 31, 2021, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net. At our option, we may extend the maturity pursuant to two six-month extensions options, subject to certain conditions.
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 June 30, and thereafter:
| Amount
Remainder of 2022 | $ | 154 |
2023 | 321 |
2024 | 335 |
2025 | 282,349 |
2026 | 200,364 |
Thereafter | 1,432,502 |
Total | $ | 1,916,025 |
Summary of Indebtedness at Estimated Fair Value | At June 30, 2022 and December 31, 2021, the fair value of our indebtedness was as follows:
| June 30, 2022 |  | December 31, 2021
| Carrying Amount (A) |  | Fair Value |  | Carrying Amount (A) |  | Fair Value
Mortgage Loans Payable | $ | 10,454 |  |  | $ | 10,545 |  |  | $ | 79,764 |  |  | $ | 81,700 |
Senior Unsecured Notes, Net | 998,516 |  |  | 934,034 |  |  | 998,512 |  |  | 1,070,067 |
Unsecured Term Loans | 625,000 |  |  | 625,000 |  |  | 460,000 |  |  | 460,486 |
Unsecured Credit Facility | 282,000 |  |  | 282,000 |  |  | 79,000 |  |  | 79,000 |
Total | $ | 1,915,970 |  |  | $ | 1,851,579 |  |  | $ | 1,617,276 |  |  | $ | 1,691,253 |
_______________ (A) The carrying amounts include unamortized discounts and exclude unamortized debt issuance costs.

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