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Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Instruments [Abstract]  
Schedule of Debt
Debt consists of the following ($ in thousands):
September 30,
2022		December 31,
2021
Revolving credit facility - unsecured$10,000 $— 
Bank term loans - unsecured240,000 375,000 
Senior notes - unsecured, net of discount of $2,680 and $2,921
397,320 397,079 
Private placement term loans - unsecured400,000 400,000 
Fannie Mae term loans - secured, non-recourse76,748 77,038 
Unamortized loan costs(9,069)(6,234)
$1,114,999 $1,242,883 
Schedule of Maturities of Long-term Debt
Aggregate principal maturities of debt as of September 30, 2022 are as follows ($ in thousands):

Remainder of 2022$99 
2023415,408 
202475,425 
2025125,816 
202610,000 
2027100,000 
Thereafter400,000 
1,126,748 
Less: discount(2,680)
Less: unamortized loan costs(9,069)
$1,114,999 
Schedule of Unsecured Term Loans
Our unsecured private placement term loans, payable interest-only, are summarized below ($ in thousands):

AmountInceptionMaturityFixed Rate
$125,000 January 2015January 20233.99%
50,000 November 2015November 20233.99%
75,000 September 2016September 20243.93%
50,000 November 2015November 20254.33%
100,000 January 2015January 20274.51%
$400,000 
Schedule of Interest Expense The following table summarizes interest expense ($ in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
Interest expense on debt at contractual rates$10,821 $10,234 $30,640 $31,055 
Losses reclassified from accumulated other
comprehensive income into interest expense— 1,851 — 5,449 
Capitalized interest(18)(6)(28)(40)
Amortization of debt issuance costs, debt discount and other609 636 1,860 2,064 
Total interest expense$11,412 $12,715 $32,472 $38,528 

On December 31, 2021, our $400.0 million interest rate swap agreements matured that were in place to hedge against fluctuations in variable interest rates applicable to our bank loans.