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Indebtedness (Tables)
 3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Summary Information Concerning Indebtedness

The following tables contain summary information concerning our indebtedness as of March 31, 2018:

Debt:

 

Outstanding Principal

 

 

Unamortized Discount and Debt Issuance Costs

 

 

Carrying Amount

 

 

Type

 

Weighted Average Rate

 

 

Weighted Average Maturity (in years)

 

     Unsecured credit facility (1)

 

$

190,005

 

 

$

(2,216

)

 

$

187,789

 

 

Floating

 

3.0%

 

 

 

3.3

 

Term loan

 

 

100,000

 

 

 

(894

)

 

 

99,106

 

 

Floating

 

3.2%

 

 

 

6.6

 

     Mortgages

 

 

619,399

 

 

 

(3,008

)

 

 

616,391

 

 

Fixed

 

3.8%

 

 

 

5.7

 

Total Debt

 

$

909,404

 

 

$

(6,118

)

 

$

903,286

 

 

 

 

3.6%

 

 

 

5.3

 

 

(1)

The unsecured credit facility total capacity is $300,000, of which $190,005 was outstanding as of March 31, 2018.   

 

 

 

Original maturities on or before December 31,

 

Debt:

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

Thereafter

 

Unsecured credit facility

 

$

-

 

 

$

-

 

 

$

-

 

 

$

140,005

 

 

$

50,000

 

 

$

-

 

Term loan

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

100,000

 

Mortgages

 

 

2,509

 

 

 

5,581

 

 

 

8,726

 

 

 

103,764

 

 

 

74,977

 

 

 

423,842

 

Total

 

$

2,509

 

 

$

5,581

 

 

$

8,726

 

 

$

243,769

 

 

$

124,977

 

 

$

523,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2018, we were in compliance with all financial covenants contained in documents governing our indebtedness.

The following table 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

 

 

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