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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary Information Concerning Indebtedness

The following tables contains summary information concerning our indebtedness as of December 31, 2017:

 

Debt:

 

Outstanding Principal

 

 

Unamortized Discount and Debt Issuance Costs

 

 

Carrying Amount

 

 

Type

 

Weighted

Average Rate

 

 

Weighted

Average

Maturity

(in years)

 

Unsecured credit facility (1)

 

$

104,005

 

 

$

           (2,376

)

 

$

101,629

 

 

Floating

 

3.0%

 

 

 

3.8

 

Term loan

 

$

100,000

 

 

$

              (895

)

 

$

99,105

 

 

Floating

 

3.2%

 

 

 

6.9

 

Mortgages-Fixed rate

 

 

580,635

 

 

 

           (2,927

)

 

 

577,708

 

 

Fixed

 

3.7%

 

 

 

5.8

 

Total Debt

 

$

784,640

 

 

$

           (6,198

)

 

$

778,442

 

 

 

 

3.6%

 

 

 

5.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The unsecured credit facility total capacity is $300,000, of which $104,005 was outstanding as of December 31, 2017.  

 

 

 

Original maturities on or before December 31,

 

Debt:

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

Thereafter

 

Unsecured credit facility

 

$

-

 

 

$

-

 

 

$

-

 

 

$

54,005

 

 

$

50,000

 

 

$

-

 

Term loan

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

100,000

 

Mortgages-Fixed rate

 

 

3,251

 

 

 

4,660

 

 

 

7,611

 

 

 

102,598

 

 

 

73,757

 

 

 

388,758

 

Total

 

$

3,251

 

 

$

4,660

 

 

$

7,611

 

 

$

156,603

 

 

$

123,757

 

 

$

488,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017 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, 2016:

 

Debt:

 

Outstanding Principal

 

 

Unamortized Discount and Debt Issuance Costs

 

 

Carrying Amount

 

 

Type

 

Weighted

Average Rate

 

 

Weighted

Average

Maturity

(in years)

 

Secured credit facility (1)

 

$

150,000

 

 

$

           (2,720

)

 

$

147,280

 

 

Floating

 

 

3.0%

 

 

 

1.7

 

Mortgages-Fixed rate

 

 

600,188

 

 

 

           (3,651

)

 

 

596,537

 

 

Fixed

 

 

3.8%

 

 

 

6.7

 

Total Debt

 

$

750,188

 

 

$

           (6,371

)

 

$

743,817

 

 

 

 

 

3.6%

 

 

 

5.7

 

 

 

(1)

The secured credit facility total capacity was $312,500, of which $150,000 was outstanding as of December 31, 2016.