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Indebtedness (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Summary Information Concerning Indebtedness | The following tables contain summary information concerning our indebtedness as of March 31, 2021:
Debt: |  | Outstanding Principal |  |  | Unamortized Debt Issuance Costs |  |  | Carrying Amount |  |  | Type |  | Weighted Average Rate |  |  | Weighted Average Maturity (in years) |
Unsecured credit facility (1) |  | $ | 194,302 |  |  | $ | (1,520 | ) |  | $ | 192,782 |  |  | Floating |  | 1.6% |  |  |  | 2.1 |
Unsecured term loans |  |  | 300,000 |  |  |  | (1,154 | ) |  |  | 298,846 |  |  | Floating |  | 1.5% |  |  |  | 3.1 |
Mortgages |  |  | 457,173 |  |  |  | (1,170 | ) |  |  | 456,003 |  |  | Fixed |  | 3.8% |  |  |  | 3.0 |
Total Debt |  | $ | 951,475 |  |  | $ | (3,844 | ) |  | $ | 947,631 |  |  |  |  | 2.6% |  |  |  | 2.8 |
| (1) | The unsecured credit facility total capacity is $350,000, of which $194,302 was outstanding as of March 31, 2021.
On March 1, 2021, we drew down on our unsecured credit facility to extinguish a property mortgage totaling $5,975. The property mortgage had a weighted-average rate of 5.7%. On April 5, 2021, we drew down on our unsecured credit facility to extinguish a property mortgage and made partial paydowns on other mortgages totaling $13,666. The property mortgages had a weighted-average rate of 4.2%. As of March 31, 2021, we were in compliance with all financial covenants contained in the documents governing our indebtedness.
|  | Scheduled maturities on or before March 31, |
Debt: |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | Thereafter |
Unsecured credit facility |  | $ | — |  |  | $ | — |  |  | $ | 194,302 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Unsecured term loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 300,000 |  |  |  | — |  |  |  | — |
Mortgages |  |  | 42,489 |  |  |  | 66,311 |  |  |  | 107,056 |  |  |  | 36,798 |  |  |  | 161,741 |  |  |  | 42,778 |
Total |  | $ | 42,489 |  |  | $ | 66,311 |  |  | $ | 301,358 |  |  | $ | 336,798 |  |  | $ | 161,741 |  |  | $ | 42,778 |
The following table 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 was $350,000, of which $184,802 was outstanding as of December 31, 2020.

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