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v3.21.1

Bank and Other Notes Payable (Details) |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | ---
Apr. 14, 2021 USD ($) | Mar. 31, 2021 USD ($) derivative | Dec. 31, 2020 USD ($)
Mortgage loans payable on real estate |  |  |
Number of agreements | derivative |  | 4 |
Unamortized deferred finance costs |  | $ 16,325,000 | $ 14,085,000
Swaps |  |  |
Mortgage loans payable on real estate |  |  |
Number of agreements | derivative |  | 4 |
Outstanding borrowings under the line of credit |  | $ 400,000,000 |
Effective interest rate |  | 4.50% |
LIBOR |  |  |
Mortgage loans payable on real estate |  |  |
Variable interest rate spread (as a percent) |  | 1.65% |
Line of Credit | Level 2 measurement |  |  |
Mortgage loans payable on real estate |  |  |
Fair value of outstanding line of credit |  | $ 1,483,027,000 | 1,485,598,000
Revolving line of credit | Revolving Loan Facility Matures On April 14, 2023 | Subsequent event |  |  |
Mortgage loans payable on real estate |  |  |
Revolving line of credit | $ 525,000 |  |
Debt instrument term | 1 year |  |
Draws | $ 320,000 |  |
Revolving line of credit | LIBOR | New Credit Agreement | Subsequent event |  |  |
Mortgage loans payable on real estate |  |  |
Variable interest rate spread (as a percent) | 2.75% |  |
Revolving line of credit | Line of Credit |  |  |
Mortgage loans payable on real estate |  |  |
Revolving line of credit |  | 1,500,000,000 |
Maximum contingent borrowing capacity |  | 2,000,000,000 |
Outstanding borrowings under the line of credit |  | 1,480,000,000 | 1,480,000,000
Unamortized deferred finance costs |  | $ 1,284,000 | $ 2,460,000
Line of credit, average interest rate |  | 2.73% | 2.73%
Availability for additional borrowing |  | $ 19,719,000 | $ 19,719,000
Revolving line of credit | Line of Credit | Subsequent event |  |  |
Mortgage loans payable on real estate |  |  |
Repayments of debt | $ 985,000 |  |
Revolving line of credit | Line of Credit | LIBOR | Minimum |  |  |
Mortgage loans payable on real estate |  |  |
Variable interest rate spread (as a percent) |  | 1.30% |
Revolving line of credit | Line of Credit | LIBOR | Maximum |  |  |
Mortgage loans payable on real estate |  |  |
Variable interest rate spread (as a percent) |  | 1.90% |
Line of Credit | Term Loan Facility Matures On April 14, 2024 | Subsequent event |  |  |
Mortgage loans payable on real estate |  |  |
Revolving line of credit | 175,000 |  |
Expanded line of credit facility | 800,000 |  |
Draws | 175,000 |  |
Line of Credit | Line of Credit | New Credit Agreement | Subsequent event |  |  |
Mortgage loans payable on real estate |  |  |
Revolving line of credit | $ 700,000 |  |

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