Mortgage and Other Indebtedness (Tables)

9 Months Ended

Sep. 30, 2021

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


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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 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