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Indebtedness (Tables)

6 Months Ended

Jun. 30, 2019

Summary Information Concerning Indebtedness

The following tables contain summary information concerning our indebtedness as of June 30, 2019:

Debt:	Outstanding Principal		Unamortized Debt Issuance Costs			Carrying Amount		Type	Weighted Average Rate	Weighted Average Maturity (in years)
Unsecured credit facility (1)	$	130,803	$	(2,399	)	$	128,404	Floating	3.9%		3.9
Unsecured term loans		300,000		(1,478	)		298,522	Floating	4.0%		4.8
Mortgages		564,835		(2,262	)		562,573	Fixed	3.8%		4.6
Total Debt	$	995,638	$	(6,139	)	$	989,499		3.9%		4.6

(1)

The unsecured credit facility total capacity is $350,000, of which $130,803 was outstanding as of June 30, 2019.

	Original maturities on or before December 31,
Debt:	2019		2020		2021		2022		2023		Thereafter
Unsecured credit facility	$	-	$	-	$	-	$	-	$	130,803	$	-
Unsecured term loans		-		-		-		-		-		300,000
Mortgages		2,962		8,135		76,033		70,700		107,202		299,803
Total	$	2,962	$	8,135	$	76,033	$	70,700	$	238,005	$	599,803

As of June 30, 2019, 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, 2018:

Debt:	Outstanding Principal		Unamortized 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 was $300,000, of which $155,743 was outstanding as of December 31, 2018.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details