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Indebtedness (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary Information Concerning Indebtedness

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

Debt:

 

Outstanding Principal

 

 

Unamortized Debt Issuance Costs

 

 

Carrying Amount

 

 

Type

 

Weighted Average Rate

 

 

Weighted Average Maturity (in years)

 

     Unsecured credit facility (1)

 

$

137,503

 

 

$

(1,179

)

 

$

136,324

 

 

Floating

 

1.4%

 

 

 

1.6

 

Unsecured term loans

 

 

500,000

 

 

 

(2,156

)

 

 

497,844

 

 

Floating

 

1.3%

 

 

 

3.4

 

     Mortgages (2)

 

 

385,508

 

 

 

(947

)

 

 

384,561

 

 

Fixed

 

3.8%

 

 

 

2.8

 

Total Debt

 

$

1,023,011

 

 

$

(4,282

)

 

$

1,018,729

 

 

 

 

2.3%

 

 

 

2.9

 

 

(1)

The unsecured credit facility total capacity is $350,000, of which $137,503 was outstanding as of September 30, 2021.   

 

(2)

Includes indebtedness associated with real estate held for sale.

The following table contains summary information concerning our indebtedness as of September 30, 2021:

 

 

Scheduled maturities on our indebtedness outstanding as of September 30, 2021

 

Debt:

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

     Unsecured credit facility

 

$

 

 

$

 

 

$

137,503

 

 

$

 

 

$

 

 

$

 

     Unsecured term loans

 

 

 

 

 

 

 

 

 

 

 

300,000

 

 

 

 

 

 

200,000

 

     Mortgages (1)

 

 

7,428

 

 

 

35,003

 

 

 

105,879

 

 

 

34,754

 

 

 

160,152

 

 

 

42,292

 

Total

 

$

7,428

 

 

$

35,003

 

 

$

243,382

 

 

$

334,754

 

 

$

160,152

 

 

$

242,292

 

 

(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.