Mortgage and Other Indebtedness (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Participating Mortgage Loans

Mortgage and other indebtedness consisted of the following as of September 30, 2020 and December 31, 2019:


	As of September 30, 2020
	Principal		Unamortized Net Premiums		Unamortized Debt Issuance Costs		Total
Senior unsecured notes—fixed rate	$	550,000	$	—	$	(3,687)	$	546,313
Unsecured revolving credit facility	50,000		—		(1,857)		48,143
Unsecured term loan	250,000		—		(1,700)		248,300
Mortgage notes payable—fixed rate	296,350		1,843		(30)		298,163
Mortgage note payable—variable rate	55,290		—		(92)		55,198
Total mortgage and other indebtedness	$	1,201,640	$	1,843	$	(7,366)	$	1,196,117


	As of December 31, 2019
	Principal		Unamortized Net Premiums		Unamortized Debt Issuance Costs		Total
Senior unsecured notes - fixed rate	$	550,000	$	—	$	(4,231)	$	545,769
Unsecured revolving credit facility	—		—		(2,625)		(2,625)
Unsecured term loans	250,000		—		(1,859)		248,141
Mortgage notes payable - fixed rate	297,472		2,176		(40)		299,608
Mortgage notes payable - variable rate	55,830		—		(143)		55,687
Total mortgage and other indebtedness	$	1,153,302	$	2,176	$	(8,898)	$	1,146,580

Schedule of Debt

Consolidated indebtedness, including weighted average maturities and weighted average interest rates as of September 30, 2020, considering the impact of interest rate swaps, is summarized below:


	Outstanding Amount		Ratio		Weighted Average Interest Rate		Weighted Average Maturity (in years)
Fixed Rate Debt 1	$	1,096,350	92	%	4.17	%	5.2
Variable Rate Debt	105,290		8	%	1.53	%	1.9
Net Debt Premiums and Issuance Costs, Net	(5,523)		N/A		N/A		N/A
Total	$	1,196,117	100	%	3.94	%	4.9


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1			Fixed rate debt includes, and variable rate date excludes, the portion of such debt that has been hedged by interest rate derivatives. As of September 30, 2020, $250 million in variable rate debt is hedged for a weighted average of 2.5 years.

Deferred Cost Amortization

The accompanying consolidated statements of operations include amortization of debt issuance costs as a component of interest expense as follows:


	Nine Months Ended September 30,
	2020		2019
Amortization of debt issuance costs	$	1,640	$	2,128

The amounts of such amortization included in the accompanying consolidated statements of operations are as follows:


	Nine Months Ended September 30,
	2020		2019
Amortization of deferred leasing costs, lease intangibles and other	$	10,464	$	10,601
Amortization of above market lease intangibles	725		958