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Debt (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of outstanding borrowings | The Company’s outstanding indebtedness as of September 30, 2021 and December 31, 2020 was as follows (in thousands):
|  |  |  | September 30, 2021 | December 31, 2020
Indebtedness | Stated Maturity Date | Contractual Interest Rate | Effective Interest Rate as of September 30, 2021 | Carrying Amount | Estimated Fair Value | Carrying Amount | Estimated Fair Value
2013 Mortgage Loans |  |  |  |  |
Senior note | 5/2023 | 3.81% | 4.14% | $ | 169,415 |  | $ | 174,497 |  | $ | 174,693 |  | $ | 180,807 |
Mezzanine A | 5/2023 | 7.38% | 7.55% | 70,000 |  | 71,750 |  | 70,000 |  | 71,925 |
Mezzanine B | 5/2023 | 11.50% | 11.75% | 32,000 |  | 32,880 |  | 32,000 |  | 33,040 |
Total 2013 Mortgage Loans |  |  |  | 271,415 |  | 279,127 |  | 276,693 |  | 285,772 |
Senior Unsecured Notes |  |  |  |  |  |  |
Series A notes | 1/2026 | 4.68% | 4.77% | 200,000 |  | 220,500 |  | 200,000 |  | 231,000 |
Series B notes | 1/2029 | 4.86% | 4.92% | 400,000 |  | 455,000 |  | 400,000 |  | 475,000 |
Series C notes | 1/2030 | 4.10% | 4.15% | 350,000 |  | 385,000 |  | 350,000 |  | 400,750 |
Series D notes(5) | 1/2031 | 1.62% | 1.67% | 463,200 |  | 454,515 |  | 488,640 |  | 488,640 |
Series E notes(6) | 1/2033 | 1.65% | 1.70% | 405,300 |  | 399,727 |  | 427,560 |  | 427,560 |
Total Senior Unsecured Notes |  |  |  | 1,818,500 |  | 1,914,742 |  | 1,866,200 |  | 2,022,950 |
2020 Senior Unsecured Term Loan Tranche A-1(1) | 3/2025 | L+0.95% | 1.41% | 125,000 |  | 124,063 |  | 325,000 |  | 323,375 |
2020 Senior Unsecured Term Loan Tranche A-2(2)(4) | 3/2025 | C+0.95% | 1.51% | 197,124 |  | 195,646 |  | 196,325 |  | 195,343 |
Total 2020 Senior Unsecured Term Loan A Facility |  | 322,124 |  | 319,709 |  | 521,325 |  | 518,718 |
2020 Senior Unsecured Revolving Credit Facility-1(2)(3)(7) | 3/2024 | C+0.85% | 1.91% | 43,368 |  | 43,260 |  | — |  | — |
2020 Senior Unsecured Revolving Credit Facility-2(3)(8)(9) | 3/2024 | SONIA+0.85% | 1.53% | 92,296 |  | 92,065 |  | — |  | — |
2020 Senior Unsecured Revolving Credit Facility-3(1)(3) | 3/2024 | L+0.85% | 1.56% | 170,000 |  | 169,575 |  | — |  | — |
Total 2020 Senior Unsecured Revolving Credit Facility | $ | 305,664 |  | $ | 304,900 |  | $ | — |  | $ | — |
Total principal amount of indebtedness | $ | 2,717,703 |  | $ | 2,818,478 |  | $ | 2,664,218 |  | $ | 2,827,440 |
Less: unamortized deferred financing costs |  |  |  | (11,446) |  | n/a | (15,952) |  | n/a
Total indebtedness, net of unamortized deferred financing costs | $ | 2,706,257 |  | $ | 2,818,478 |  | $ | 2,648,266 |  | $ | 2,827,440 |
(1) L = one-month LIBOR. (2) C = one-month CDOR. (3) The Company has the option to extend the 2020 Senior Unsecured Revolving Credit Facility up to two times for a six-month period each. (4) The 2020 Senior Unsecured Term Loan Tranche A-2 is denominated in Canadian dollars and aggregates to CAD $250.0 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2021. (5) The Senior Unsecured Notes Series D is denominated in Euros and aggregates to €400.0 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2021. (6) The Senior Unsecured Notes Series E is denominated in Euros and aggregates to €350.0 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2021. (7) The Senior Unsecured Revolving Credit Facility Draw 1 as of September 30, 2021, is denominated in CAD and aggregates to CAD $55.0 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2021. (8) The Senior Unsecured Revolving Credit Facility Draw 2 as of September 30, 2021, is denominated in GBP and aggregates to GBP $68.5 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2021. (9) SONIA = Sterling Overnight Interbank Average Rate.

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