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Indebtedness (Tables)

6 Months Ended

Jun. 30, 2021

Summary Information Concerning Indebtedness

The following tables contain summary information concerning our indebtedness as of June 30, 2021:

Debt:	Outstanding Principal		Unamortized Debt Issuance Costs			Carrying Amount		Type	Weighted Average Rate	Weighted Average Maturity (in years)
Unsecured credit facility (1)	$	119,503	$	(1,353	)	$	118,150	Floating	1.4%		1.9
Unsecured term loans		500,000		(2,248	)		497,752	Floating	1.3%		3.7
Mortgages (2)		441,635		(1,074	)		440,561	Fixed	3.8%		2.8
Total Debt	$	1,061,138	$	(4,675	)	$	1,056,463		2.4%		3.1

(1)

The unsecured credit facility total capacity is $350,000, of which $119,503 was outstanding as of June 30, 2021.

(2)

Includes indebtedness associated with real estate held for sale.

	Scheduled maturities on our indebtedness outstanding as of June 30, 2021
Debt:	2021		2022		2023		2024		2025		Thereafter
Unsecured credit facility	$	—	$	—	$	119,503	$	—	$	—	$	—
Unsecured term loans		—		—		—		300,000		—		200,000
Mortgages (1)		42,489		54,298		106,469		34,891		160,951		42,537
Total	$	42,489	$	54,298	$	225,972	$	334,891	$	160,951	$	242,537

(1)

Includes indebtedness associated with real estate held for sale.

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.

- 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.

+ References

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+ Details