XML 16 R42.htm IDEA: XBRL DOCUMENT v3.19.3
Debt - Narrative (Details)
9 Months Ended
Sep. 12, 2019
USD ($)
Sep. 30, 2019
USD ($)
derivative
loan
Dec. 31, 2018
USD ($)
derivative
loan
Debt Instrument [Line Items]      
Credit facility, amount outstanding   $ 0 $ 19,000,000
Interest rate cap notional value   $ 100,000,000.0  
Weighted average fixed annual rate   3.90%  
Interest rate cap      
Debt Instrument [Line Items]      
Interest rate cap notional value   $ 100,000,000.0  
Credit facility [Member]      
Debt Instrument [Line Items]      
Credit facility, amount outstanding   0 19,000,000.0
Credit facility, maximum   $ 600,000,000.0  
Unencumbered properties, percent   60.00%  
August 2021 term loan | Credit facility [Member]      
Debt Instrument [Line Items]      
Credit facility, current   $ 50,000,000.0  
January 2022 term loan | Credit facility [Member]      
Debt Instrument [Line Items]      
Credit facility, current   $ 100,000,000.0  
Senior unsecured notes      
Debt Instrument [Line Items]      
Weighted average fixed annual rate   4.10%  
Senior unsecured notes | Purchase agreement, senior unsecured notes      
Debt Instrument [Line Items]      
Debt instrument, face amount $ 100,000,000.0    
Debt term 10 years    
Debt instrument, interest rate 3.14%    
Senior unsecured notes | September 2022 senior unsecured notes      
Debt Instrument [Line Items]      
Debt instrument, face amount   $ 50,000,000.0  
Senior unsecured notes | July 2024 senior unsecured notes      
Debt Instrument [Line Items]      
Debt instrument, face amount   100,000,000.0  
Senior unsecured notes | July 2026 senior unsecured notes      
Debt Instrument [Line Items]      
Debt instrument, face amount   50,000,000.0  
Senior unsecured notes | October 2027 senior unsecured notes      
Debt Instrument [Line Items]      
Debt instrument, face amount   50,000,000.0  
Senior unsecured notes | October 2022 unsecured revolving credit facility      
Debt Instrument [Line Items]      
Debt instrument, face amount   250,000,000.0  
Term loan      
Debt Instrument [Line Items]      
Long-term debt   $ 150,000,000.0 $ 150,000,000.0
Weighted average fixed annual rate   3.40%  
Term loan | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.20%  
Term loan | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.70%  
Term loan | Credit facility, previous agreement | Minimum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.20%  
Line of credit | Credit facility [Member] | Federal Funds Rate      
Debt Instrument [Line Items]      
Basis spread on variable rate   0.50%  
Line of credit | Credit facility [Member] | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.25%  
Line of credit | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Minimum      
Debt Instrument [Line Items]      
Credit facility, facility fee, percent   0.15%  
Line of credit | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.05%  
Line of credit | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Maximum      
Debt Instrument [Line Items]      
Credit facility, facility fee, percent   0.30%  
Line of credit | Credit facility, Fifth Amended and Restated Senior Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.50%  
Mortgage loans payable      
Debt Instrument [Line Items]      
Number of mortgage loans payable | loan   2 2
Secured loan   $ 44,700,000 $ 45,800,000
Weighted average fixed annual rate   4.10% 4.10%
Total net investment book value of properties securing the debt   $ 114,700,000 $ 114,500,000
Cash flow hedging | Interest rate cap      
Debt Instrument [Line Items]      
Number of interest rate cap transactions | derivative   2 3