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Indebtedness (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary Information Concerning Indebtedness

The following tables contains summary information concerning our indebtedness as of December 31, 2019:

Debt:		Outstanding Principal				Unamortized Debt Issuance Costs				Carrying Amount				Type		Weighted Average Rate				Weighted Average Maturity (in years)
Unsecured credit facility (1)		$	186,302			$	(2,336	)		$	183,966			Floating		3.2%					3.4
Unsecured term loans			300,000				(1,582	)			298,418			Floating		3.1%					4.3
Mortgages			504,876				(1,688	)			503,188			Fixed		3.9%					4.0
Total Debt		$	991,178			$	(5,606	)		$	985,572					3.5%					4.0

(1) The unsecured credit facility total capacity is $350,000, of which $186,302 was outstanding as of December 31, 2019.  

		Original maturities on or before December 31,
Debt:		2020				2021				2022				2023				2024				Thereafter
Unsecured credit facility		$	-			$	-			$	-			$	186,302			$	-			$	-
Unsecured term loans			-				-				-				-				300,000				-
Mortgages			8,135				76,085				70,734				107,387				72,172				170,363
Total		$	8,135			$	76,085			$	70,734			$	293,689			$	372,172			$	170,363

As of December 31, 2019 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, 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 secured credit facility total capacity was $300,000, of which $155,743 was outstanding as of December 31, 2018.

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- 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.

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