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Indebtedness (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Summary Information Concerning Indebtedness

The following tables contains summary information concerning our indebtedness as of December 31, 2020:

Debt:		Outstanding Principal				Unamortized Debt Issuance Costs				Carrying Amount				Type		Weighted Average Rate				Weighted Average Maturity (in years)
Unsecured credit facility (1)		$	184,802			$	(1,692	)		$	183,110			Floating		1.6%					2.4
Unsecured term loans			300,000				(1,241	)			298,759			Floating		1.5%					3.3
Mortgages			465,092				(1,275	)			463,817			Fixed		3.9%					3.2
Total Debt		$	949,894			$	(4,208	)		$	945,686					2.7%					3.1

(1) The unsecured credit facility total capacity is $350,000, of which $184,802 was outstanding as of December 31, 2020.  

		Original maturities on or before December 31,
Debt:		2021				2022				2023				2024				2025				Thereafter
Unsecured credit facility		$	-			$	-			$	184,802			$	-			$	-			$	-
Unsecured term loans			-				-				-				300,000				-				-
Mortgages			48,484				66,478				107,636				36,913				162,562				43,019
Total		$	48,484			$	66,478			$	292,438			$	336,913			$	162,562			$	43,019

As of December 31, 2020 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, 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 secured credit facility total capacity was $350,000, of which $186,302 was outstanding as of December 31, 2019.

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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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