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Indebtedness | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Indebtedness | NOTE 4: 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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- 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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