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Mortgage and Other Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Mortgage and Other Indebtedness | Mortgage and other indebtedness consisted of the following as of September 30, 2021 and December 31, 2020:
| As of September 30, 2021
| Principal |  | Unamortized Net Premiums |  | Unamortized Debt Issuance Costs |  | Total
Senior unsecured notes—fixed rate | $ | 550,000 |  |  | $ | — |  |  | $ | (3,556) |  |  | $ | 546,444 |
Exchangeable senior notes - fixed rate | 175,000 |  |  | — |  |  | (5,052) |  |  | 169,948 |
Unsecured revolving credit facility | — |  |  | — |  |  | (1,253) |  |  | (1,253) |
Unsecured term loan | 250,000 |  |  | — |  |  | (1,488) |  |  | 248,512 |
Mortgage notes payable—fixed rate | 294,787 |  |  | 1,400 |  |  | (14) |  |  | 296,173 |
Mortgage note payable—variable rate | 29,193 |  |  | — |  |  | (23) |  |  | 29,170 |
Total mortgage and other indebtedness | $ | 1,298,980 |  |  | $ | 1,400 |  |  | $ | (11,386) |  |  | $ | 1,288,994 |
| 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 September 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 | $ | 1,114,787 |  |  | 86 | % |  | 3.78 | % |  | 4.3 |
Variable Rate Debt 2 | 184,193 |  |  | 14 | % |  | 3.48 | % |  | 4.2 |
Net Debt Premiums and Issuance Costs, Net | (9,986) |  |  | N/A |  | N/A |  | N/A |
Total | $ | 1,288,994 |  |  | 100 | % |  | 3.74 | % |  | 4.3 |
____________________ |  |
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 September 30, 2021, $250 million in variable rate debt is hedged to a fixed rate for a weighted average of 4.1 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 September 30, 2021, $155 million in fixed rate debt is hedged to floating rate for a weighted average of 3.9 years.
Schedule of 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,
|  | 2021 |  | 2020
Amortization of debt issuance costs |  | $ | 1,963 |  |  | $ | 1,640 |

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