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Indebtedness (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Summary Information Concerning Indebtedness | The following tables contain summary information concerning our consolidated indebtedness as of March 31, 2023:
Debt: |  | Outstanding Principal |  | Unamortized Debt Issuance Costs |  | Unamortized Loan (Discount)/Premiums |  | Carrying Amount |  | Type |  | Weighted Average Rate (3) |  | Weighted Average Maturity (in years)
Unsecured revolver (1) |  | $ | 185,478 |  |  | $ | (1,412) |  |  | $ | — |  |  | $ | 184,066 |  |  | Floating |  | 5.8% |  | 2.8
Unsecured term loans |  | 600,000 |  |  | (3,230) |  |  | — |  |  | 596,770 |  |  | Floating |  | 5.7% |  | 4.3
Secured credit facilities (2) |  | 617,115 |  |  | (2,105) |  |  | 25,570 |  |  | 640,580 |  |  | Floating/Fixed |  | 4.3% |  | 5.7
Mortgages |  | 1,183,435 |  |  | (6,905) |  |  | 30,686 |  |  | 1,207,216 |  |  | Fixed |  | 3.9% |  | 4.9
Total Debt |  | $ | 2,586,028 |  |  | $ | (13,652) |  |  | $ | 56,256 |  |  | $ | 2,628,632 |  |  |  |  | 4.5% |  | 4.8
(1)The unsecured revolver total capacity is $500,000, of which $185,478 was outstanding as of March 31, 2023. (2)The secured credit facilities include the PNC secured credit facility ("PNC MCFA") and the Newmark secured credit facility ("Newmark MCFA") of which $76,248 and $540,867 was outstanding as of March 31, 2023, respectively. (3)Represents the weighted average of the contractual interest rates in effect as of quarter end without regard to any interest rate swaps or collars. Our total weighted average effective interest rate for the three months ended March 31, 2023, after giving effect to the impact of interest rate swaps and collars, and excluding the impact of loan premium amortization, discount accretion, and interest capitalization was 4.1%. The following table contains summary information concerning our consolidated indebtedness as of December 31, 2022:
Debt: |  | Outstanding Principal |  | Unamortized Debt Issuance Costs |  | Unamortized Loan (Discount)/Premiums |  | Carrying Amount |  | Type |  | Weighted Average Rate (3) |  | Weighted Average Maturity (in years)
Unsecured revolver |  | $ | 165,978 |  |  | $ | (1,695) |  |  | $ | — |  |  | $ | 164,283 |  |  | Floating |  | 4.9% |  | 3.1
Unsecured term loans |  | 600,000 |  |  | (3,388) |  |  | — |  |  | 596,612 |  |  | Floating |  | 5.1% |  | 4.5
Secured credit facilities |  | 635,128 |  |  | (2,256) |  |  | 27,670 |  |  | 660,542 |  |  | Floating/Fixed |  | 4.3% |  | 5.9
Mortgages |  | 1,185,246 |  |  | (7,305) |  |  | 32,267 |  |  | 1,210,208 |  |  | Fixed |  | 3.9% |  | 5.2
Total Debt |  | $ | 2,586,352 |  |  | $ | (14,644) |  |  | $ | 59,937 |  |  | $ | 2,631,645 |  |  |  |  | 4.5% |  | 5.1
(1)The unsecured revolver total capacity was $500,000, of which $165,978 was outstanding as of December 31, 2022. (2)The secured credit facilities include the PNC MCFA and the Newmark MCFA of which $76,248 and $558,880 was outstanding as of December 31, 2022, respectively. (3)Represents the weighted average of the contractual interest rates in effect as of quarter end without regard to any interest rate swaps or collars. Our total weighted average effective interest rate as of the year ended December 31, 2022, after giving effect to the impact of interest rate swaps and collars, and excluding the impact of loan premium amortization and discount accretion was 4.1%.
Schedule of Maturities of Long-term Debt | The following table contains summary information concerning our consolidated indebtedness as of March 31, 2023:
|  | Scheduled maturities on our indebtedness outstanding as of March 31, 2023
Debt: |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter |
Unsecured revolver |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 185,478 |  |  | $ | — |  |  | $ | — |  |
Unsecured term loans |  | — |  |  | — |  |  | — |  |  | 200,000 |  |  | — |  |  | 400,000 |  |
Secured credit facilities |  | — |  |  | — |  |  | 3,525 |  |  | 10,493 |  |  | 11,462 |  |  | 591,635 |  |
Mortgages |  | 8,473 |  |  | 69,012 |  |  | 173,631 |  |  | 144,614 |  |  | 15,943 |  |  | 771,762 |  |
Total |  | $ | 8,473 |  |  | $ | 69,012 |  |  | $ | 177,156 |  |  | $ | 540,585 |  |  | $ | 27,405 |  |  | $ | 1,763,397 |  |

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