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Indebtedness
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Indebtedness
NOTE 5: Indebtedness
The following tables contain summary information concerning our consolidated indebtedness as of June 30, 2023:
Debt:Outstanding PrincipalUnamortized Debt Issuance CostsUnamortized Loan (Discount)/PremiumsCarrying
 Amount		Type
Weighted
Average Rate (4)
Weighted
Average
Maturity
(in years)
Unsecured revolver (1)$211,478 $(1,372)$— $210,106 Floating6.3%2.6
Unsecured term loans600,000 (2,763)— 597,237 Floating6.2%4.0
Secured credit facilities (2)617,114 (2,249)24,415 639,280 Floating/Fixed4.3%5.4
Mortgages (3)1,181,581 (6,504)29,105 1,204,182 Fixed3.9%4.7
Total Debt$2,610,173 $(12,888)$53,520 $2,650,805 4.7%4.5
(1)The unsecured revolver total capacity is $500,000, of which $211,478 was outstanding as of June 30, 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 $540,866 was outstanding as of June 30, 2023, respectively.
(3)Includes indebtedness associated with real estate held for sale.
(4)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 June 30, 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 4.2%.
The following table contains summary information concerning our consolidated indebtedness as of June 30, 2023:
 
Scheduled maturities on our indebtedness outstanding as of June 30, 2023
Debt:20232024202520262027Thereafter
Unsecured revolver$— $— $— $211,478 $— $— 
Unsecured term loans— — — 200,000 — 400,000 
Secured credit facilities— — 3,525 10,493 11,462 591,634 
Mortgages (1)7,262 69,014 173,363 144,289 15,946 771,707 
Total$7,262 $69,014 $176,888 $566,260 $27,408 $1,763,341 
(1)Includes indebtedness associated with real estate held for sale.
The following table contains summary information concerning our consolidated indebtedness as of December 31, 2022:
Debt:Outstanding PrincipalUnamortized Debt Issuance CostsUnamortized Loan (Discount)/PremiumsCarrying AmountType
Weighted
Average Rate (4)
Weighted
Average
Maturity
(in years)
Unsecured revolver (1)$165,978 $(1,695)$— $164,283 Floating4.9%3.1
Unsecured term loans600,000 (3,388)— 596,612 Floating5.1%4.5
Secured credit facilities (2)635,128 (2,256)27,670 660,542 Floating/Fixed4.3%5.9
Mortgages (3)1,185,246 (7,305)32,267 1,210,208 Fixed3.9%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)Includes indebtedness associated with real estate held for sale.
(4)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%.
As of June 30, 2023, we were in compliance with all financial covenants contained in the documents governing our indebtedness.