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

The following tables contains summary information concerning our indebtedness as of December 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)

 

$

155,743

 

 

$

(1,760

)

 

$

153,983

 

 

Floating

 

3.9%

 

 

 

2.7

 

Unsecured term loans

 

 

250,000

 

 

 

(1,620

)

 

 

248,380

 

 

Floating

 

4.0%

 

 

 

5.4

 

Mortgages

 

 

585,672

 

 

 

(2,547

)

 

 

583,125

 

 

Fixed

 

3.8%

 

 

 

5.1

 

Total Debt

 

$

991,415

 

 

$

(5,927

)

 

$

985,488

 

 

 

 

3.9%

 

 

 

4.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The unsecured credit facility total capacity is $300,000, of which $155,743 was outstanding as of December 31, 2018.  

 

 

 

Original maturities on or before December 31,

 

Debt:

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

Thereafter

 

Unsecured credit facility

 

$

-

 

 

$

-

 

 

$

105,743

 

 

$

50,000

 

 

$

-

 

 

$

-

 

Unsecured term loans

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

250,000

 

Mortgages

 

$

4,950

 

 

$

8,135

 

 

$

76,033

 

 

$

70,700

 

 

$

107,203

 

 

$

318,651

 

Total

 

$

4,950

 

 

$

8,135

 

 

$

181,776

 

 

$

120,700

 

 

$

107,203

 

 

$

568,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018 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, 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

 

Unsecured Term loans

 

 

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.