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Mortgage Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Summary of Information Concerning Indebtedness that Encumbered our Properties | The following tables contains summary information concerning our indebtedness as of September 30, 2015:
Debt: |  | Outstanding Principal |  |  | Carrying Amount |  |  | Type |  | Weighted Average Rate |  |  | Weighted Average Maturity (in years) |
Secured credit facility (1) |  | $ | 271,500 |  |  | $ | 271,500 |  |  | Floating |  |  | 2.6% |  |  |  | 3.0 |
Bridge term loan |  |  | 120,000 |  |  |  | 120,000 |  |  | Floating |  |  | 5.2% |  |  |  | 1.0 |
Mortgages-Fixed rate |  |  | 563,721 |  |  |  | 564,333 |  |  | Fixed |  |  | 3.8% |  |  |  | 7.0 |
Mortgages-Floating rate |  |  | 38,075 |  |  |  | 38,075 |  |  | Floating |  |  | 2.4% |  |  |  | 5.6 |
Total Debt |  | $ | 993,296 |  |  | $ | 993,908 |  |  |  |  |  | 3.6% |  |  |  | 5.1 |
| (1) | The secured credit facility total capacity is $325.0 million, of which $271.5 million was drawn as of September 30, 2015.
|  | Original maturities on or before December 31, |
Debt: |  | 2015 |  |  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | Thereafter |
Secured credit facility |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 271,500 |  |  | $ | - |  |  | $ | - |
Bridge term loan |  |  | - |  |  |  | 120,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mortgages-Fixed rate |  |  | 498 |  |  |  | 45,385 |  |  |  | 3,267 |  |  |  | 4,079 |  |  |  | 20,245 |  |  |  | 490,247 |
Mortgages-Floating rate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 38,075 |
Total |  | $ | 498 |  |  | $ | 165,385 |  |  | $ | 3,267 |  |  | $ | 275,579 |  |  | $ | 20,245 |  |  | $ | 528,322 |
As of September 30, 2015 we were in compliance with all financial covenants contained in our indebtedness. The following tables contains summary information concerning our indebtedness as of December 31, 2014:
Debt: |  | Outstanding Principal |  |  | Carrying Amount |  |  | Type |  | Rate |  |  | Weighted Average Maturity (in years) |
Secured credit facility (1) |  | $ | 18,392 |  |  | $ | 18,392 |  |  | Floating |  |  | 2.7% |  |  |  | 1.8 |
Mortgages-Fixed rate |  |  | 360,902 |  |  |  | 362,434 |  |  | Fixed |  |  | 3.8% |  |  |  | 7.5 |
Mortgages-Floating rate |  |  | 38,075 |  |  |  | 38,075 |  |  | Floating |  |  | 2.4% |  |  |  | 6.3 |
Total Debt |  | $ | 417,369 |  |  | $ | 418,901 |  |  |  |  |  | 3.6% |  |  |  | 7.1 |
(1) The secured credit facility total capacity was $30.0 million, of which $18.4 million was drawn as of December 31, 2014.

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