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Indebtedness | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Indebtedness | NOTE 4: Indebtedness The following tables contain summary information concerning our indebtedness as of September 30, 2020:
Debt: |  | Outstanding Principal |  |  | Unamortized Debt Issuance Costs |  |  | Carrying Amount |  |  | Type |  | Weighted Average Rate |  |  | Weighted Average Maturity (in years) |
Unsecured credit facility (1) |  | $ | 241,803 |  |  | $ | (1,865 | ) |  | $ | 239,938 |  |  | Floating |  | 1.6% |  |  |  | 2.6 |
Unsecured term loans |  |  | 300,000 |  |  |  | (1,327 | ) |  |  | 298,673 |  |  | Floating |  | 1.5% |  |  |  | 3.6 |
Mortgages |  |  | 467,005 |  |  |  | (1,379 | ) |  |  | 465,626 |  |  | Fixed |  | 3.9% |  |  |  | 3.4 |
Total Debt |  | $ | 1,008,808 |  |  | $ | (4,571 | ) |  | $ | 1,004,237 |  |  |  |  | 2.6% |  |  |  | 3.3 |
| (1) | The unsecured credit facility total capacity is $350,000, of which $241,803 was outstanding as of September 30, 2020.
On July 9, 2020, we drew down on our unsecured credit facility to extinguish a property mortgage and make partial paydowns totaling $32,117. The property mortgages had a weighted-average rate of 3.9% compared to the 1.6% interest rate on our unsecured credit facility as of June 30, 2020. As of September 30, 2020, we were in compliance with all financial covenants contained in the documents governing our indebtedness.
|  | Scheduled maturities on or before December 31, |
Debt: |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |
Unsecured credit facility |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 241,803 |  |  | $ | — |  |  | $ | — |
Unsecured term loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 300,000 |  |  |  | — |
Mortgages |  |  | 1,879 |  |  |  | 48,484 |  |  |  | 66,651 |  |  |  | 107,483 |  |  |  | 58,033 |  |  |  | 184,475 |
Total |  | $ | 1,879 |  |  | $ | 48,484 |  |  | $ | 66,651 |  |  | $ | 349,286 |  |  | $ | 358,033 |  |  | $ | 184,475 |
The following table 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 was $350,000, of which $186,302 was outstanding as of December 31, 2019.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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