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Mortgage and Other Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Participating Mortgage Loans | Mortgage and other indebtedness consisted of the following as of December 31, 2020 and 2019:
($ in thousands) |  | As of December 31, 2020
|  | 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, 2020 |  | $ | 550,000 |  |  | $ | — |  |  | $ | (3,595) |  |  | $ | 546,405 |
Unsecured revolving credit facility |  |  |  |  |  |  |  |
Matures April 2022 1; borrowing level up to $523.2 million available at December 31, 2020; interest at LIBOR + 1.15% or 1.29% at December 31, 2020 |  | 25,000 |  |  | — |  |  | (1,672) |  |  | 23,328 |
Unsecured term loan |  |  |  |  |  |  |  |
Matures October 2025; interest at LIBOR + 2.00% or 2.14% at December 31, 2020 |  | 250,000 |  |  | — |  |  | (1,647) |  |  | 248,353 |
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, 2020 |  | 295,966 |  |  | 1,732 |  |  | (25) |  |  | 297,673 |
Mortgage note payable—variable rate |  |  |  |  |  |  |  |
Due in monthly installments of principal and interest; maturing in February 2022; interest at LIBOR + 1.60% or 1.74% at December 31, 2020 |  | 55,110 |  |  | — |  |  | (75) |  |  | 55,035 |
Total mortgage and other indebtedness |  | $ | 1,176,076 |  |  | $ | 1,732 |  |  | $ | (7,014) |  |  | $ | 1,170,794 |
($ 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 2022 1; borrowing level up to $583.4 million available at December 31, 2019; interest at LIBOR +1.15%2 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 |
____________________
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,
|  | 2020 |  | 2019 |  | 2018
Amortization of deferred leasing costs, lease intangibles and other |  | $ | 13,916 |  |  | $ | 14,239 |  |  | $ | 18,648 |
Amortization of above market lease intangibles |  | 999 |  |  | 1,200 |  |  | 2,553 |
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,
|  | 2020 |  | 2019 |  | 2018
Amortization of debt issuance costs |  | $ | 2,135 |  |  | $ | 2,762 |  |  | $ | 3,944 |
Schedule of Maturities of Long-term Debt | The following table presents maturities of mortgage debt and corporate debt as of December 31, 2020:
($ in thousands) |  | Scheduled Principal Payments |  | Term Maturities |  | Total
2021 |  | $ | 2,303 |  |  | $ | — |  |  | $ | 2,303 |
2022 |  | 1,043 |  |  | 203,877 |  |  | 204,920 |
2023 |  | 806 |  |  | 256,517 |  |  | 257,323 |
2024 |  | 854 |  |  | — |  |  | 854 |
2025 |  | 904 |  |  | 330,000 |  |  | 330,904 |
Thereafter |  | 4,672 |  |  | 375,100 |  |  | 379,772 |
|  | $ | 10,582 |  |  | $ | 1,165,494 |  |  | $ | 1,176,076 |
Unamortized net debt premiums and issuance costs, net |  |  |  |  |  | (5,282) |
Total |  |  |  |  |  | $ | 1,170,794 |

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