Mortgage and Other Indebtedness (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Mortgage and Other Indebtedness

Mortgage and other indebtedness consisted of the following as of June 30, 2021 and December 31, 2020:


	As of June 30, 2021
	Principal		Unamortized Net Premiums		Unamortized Debt Issuance Costs		Total
Senior unsecured notes—fixed rate	$	550,000	$	—	$	(3,465)	$	546,535
Exchangeable senior notes - fixed rate	175,000		—		(5,255)		169,745
Unsecured revolving credit facility	—		—		(1,381)		(1,381)
Unsecured term loan	250,000		—		(1,541)		248,459
Mortgage notes payable—fixed rate	295,184		1,511		(17)		296,678
Mortgage note payable—variable rate	29,373		—		(40)		29,333
Total mortgage and other indebtedness	$	1,299,557	$	1,511	$	(11,699)	$	1,289,369


	As of December 31, 2020
	Principal		Unamortized Net Premiums		Unamortized Debt Issuance Costs		Total
Senior unsecured notes - fixed rate	$	550,000	$	—	$	(3,595)	$	546,405
Unsecured revolving credit facility	25,000		—		(1,672)		23,328
Unsecured term loans	250,000		—		(1,647)		248,353
Mortgage notes payable - fixed rate	295,966		1,732		(25)		297,673
Mortgage notes payable - variable rate	55,110		—		(75)		55,035
Total mortgage and other indebtedness	$	1,176,076	$	1,732	$	(7,014)	$	1,170,794

Schedule of Weighted Average Maturities and Interest Rates

Consolidated indebtedness, including weighted average maturities and weighted average interest rates as of June 30, 2021, 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	$	1,115,185	86	%	3.59	%	4.6
Variable Rate Debt 2	184,373		14	%	3.50	%	4.4
Net Debt Premiums and Issuance Costs, Net	(10,189)		N/A		N/A		N/A
Total	$	1,289,369	100	%	3.58	%	4.6


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1			Fixed rate debt includes, and variable rate debt excludes, the portion of such debt that has been hedged by interest rate derivatives. As of June 30, 2021, $250 million in variable rate debt is hedged to a fixed rate for a weighted average of 4.2 years.
2			Variable rate debt includes, and fixed rate debt excludes, the portion of such debt that has been hedged to a floating rate. As of June 30, 2021, $155 million in fixed rate debt is hedged to floating rate for a weighted average of 4.2 years.

Schedule of Amortization

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


	Six Months Ended June 30,
	2021		2020
Amortization of debt issuance costs	$	1,230	$	1,172