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Mortgage and Other Indebtedness (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Participating Mortgage Loans
Mortgage and other indebtedness consisted of the following as of December 31, 2019 and 2018
 
($ in thousands)
 
As of December 31, 2019
 
 
Principal
 
Unamortized Net Premiums
 
Unamortized Debt Issuance Costs
 
Total
Senior Unsecured Notes—Fixed Rate
 
 
 
 
 
 
 
 
Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2019
 
$
550,000

 
$

 
$
(4,231
)
 
$
545,769

Unsecured Revolving Credit Facility
 
 
 
 
 
 
 
 
Matures April 20221; borrowing level up to $583.4 million available at December 31, 2019; interest at LIBOR + 1.15% or 2.91% at December 31, 2019
 

 

 
(2,625
)
 
(2,625
)
Unsecured Term Loans
 
 

 
 

 
 

 
 

Matures October 2025; interest at LIBOR + 2.00% or 3.76% at December 31, 2019
 
250,000

 

 
(1,859
)
 
248,141

Mortgage Notes Payable—Fixed Rate
 
 

 
 

 
 

 
 

Generally due in monthly installments of principal and interest; maturing at various dates from April 2022 through June 2030; interest rates ranging from 3.78% to 5.73% at December 31, 2019
 
297,472

 
2,176

 
(40
)
 
299,608

Mortgage Notes Payable—Variable Rate
 
 

 
 

 
 

 
 

Due in monthly installments of principal and interest; maturing in February 2022; interest at LIBOR + 1.60% or 3.36% at December 31, 2019
 
55,830

 

 
(143
)
 
55,687

Total mortgage and other indebtedness
 
$
1,153,302

 
$
2,176

 
$
(8,898
)
 
$
1,146,580



($ in thousands)
 
As of December 31, 2018
 
 
Principal
 
Unamortized Net Premiums
 
Unamortized Debt Issuance Costs
 
Total
Senior Unsecured Notes—Fixed Rate
 
 
 
 
 
 
 
 
Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2018
 
$
550,000

 
$

 
$
(4,864
)
 
$
545,136

Unsecured Revolving Credit Facility
 
 
 
 
 
 
 
 
Matures April 20221; borrowing level up to $449.5 million available at December 31, 2018; interest at LIBOR + 1.15%2 or 3.65% at December 31, 2018
 
45,600

 

 
(3,796
)
 
41,804

Unsecured Term Loans
 
 

 
 

 
 

 
 

$95 million matures July 2021; interest at LIBOR + 1.30%2 or 3.80% at December 31, 2018; $250 million matures October 2025; interest at LIBOR + 2.00% or 4.50% at December 31, 2018
 
345,000

 

 
(2,470
)
 
342,530

Mortgage Notes Payable—Fixed Rate
 
 

 
 

 
 

 
 

Generally due in monthly installments of principal and interest; maturing at various dates from September 2020 through June 2030; interest rates ranging from 3.78% to 6.78% at December 31, 2018
 
534,679

 
6,566

 
(584
)
 
540,661

Mortgage Notes Payable—Variable Rate
 
 

 
 

 
 

 
 

Due in monthly installments of principal and interest; maturing at various dates February 2022 through June 2025; interest at LIBOR + 1.50%-1.60%, ranging from 4.00% to 4.10% at December 31, 2018
 
73,491

 

 
(321
)
 
73,170

Total mortgage and other indebtedness
 
$
1,548,770

 
$
6,566

 
$
(12,035
)
 
$
1,543,301


____________________
1
The Company can extend the maturity date for two additional periods of six months each, subject to certain conditions.
2
The interest rates on our unsecured revolving credit facility and unsecured term loan varied at certain parts of the year due to provisions in the agreement and the amendment and restatement of the agreement.

Deferred Cost Amortization The amounts of such amortization included in the accompanying consolidated statements of operations are as follows:
($ in thousands)
 
For the year ended December 31,
 
 
2019
 
2018
 
2017
Amortization of deferred leasing costs, lease intangibles and other
 
$
14,239

 
$
18,648

 
$
22,960

Amortization of above market lease intangibles
 
1,200

 
2,553

 
4,025


The accompanying consolidated statements of operations include the following amounts of amortization of debt issuance costs as a component of interest expense:
($ in thousands)
 
For the year ended December 31,
 
 
2019
 
2018
 
2017
Amortization of debt issuance costs
 
$
2,762

 
$
3,944

 
$
2,534

Schedule of Maturities of Long-term Debt
The following table presents maturities of mortgage debt and corporate debt as of December 31, 2019
 
($ in thousands)
 
Scheduled Principal Payments
 
Term Maturities
 
Total
2020
 
$
2,226

 
$

 
$
2,226

2021
 
2,303

 

 
2,303

2022
 
1,043

 
178,877

 
179,920

2023
 
806

 
256,517

 
257,323

2024
 
854

 

 
854

Thereafter
 
5,576

 
705,100

 
710,676

 
 
$
12,808

 
$
1,140,494

 
$
1,153,302

Unamortized net debt premiums and issuance costs, net
 
 
 
 
 
(6,722
)
Total
 
 
 
 
 
$
1,146,580