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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2017 |  | 2016
Secured indebtedness: (1) |  |  |
5.10% (4.22% effective rate) mortgage loan due 2017 (2) | $ | — |  |  | $ | 109,138 |
6.11% (5.36% effective rate) mortgage loan due 2017 (2) | — |  |  | 19,066 |
4.00% mortgage loan due 2029 | 98,981 |  |  | — |
| 98,981 |  |  | 128,204 |
Unsecured indebtedness: |  |  |
5.85% (5.88% effective rate) notes due 2017 (2) | — |  |  | 379,661 |
7.50% notes due 2018 | 200,000 |  |  | 200,000 |
3.20% (3.363% effective rate) notes due 2021 (3) | 298,504 |  |  | 298,072 |
3.625% (3.752% effective rate) notes due 2023 (4) | 248,675 |  |  | 248,412 |
3.875% (4.038% effective rate) notes due 2027 (5) | 296,334 |  |  | — |
Variable rate term loan due 2018 (6) | 10,000 |  |  | — |
Variable rate term loan due 2020 (7) | 225,000 |  |  | 350,000 |
Variable rate term loan due 2022 (8) | 200,000 |  |  | 150,000 |
Variable rate term loan due 2022 (9) | 200,000 |  |  | 200,000 |
Revolving credit facility due 2022 (10) | 245,000 |  |  | — |
| 1,923,513 |  |  | 1,826,145 |
Less-unamortized debt issuance costs | (8,161 | ) |  | (6,302 | )
Total mortgages and notes payable, net | $ | 2,014,333 |  |  | $ | 1,948,047 |
__________
(1) | Our secured mortgage loans were collateralized by real estate assets with an aggregate undepreciated book value of $147.6 million at December 31, 2017. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.
(2) | This debt was repaid in 2017.
(3) | Net of unamortized original issuance discount of $1.5 million and $1.9 million as of December 31, 2017 and 2016, respectively.
(4) | Net of unamortized original issuance discount of $1.3 million and $1.6 million as of December 31, 2017 and 2016, respectively.
(5) | Net of unamortized original issuance discount of $3.7 million as of December 31, 2017.
(6) | The interest rate was 2.46% at December 31, 2017.
(7) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for $225.0 million of this loan. Accordingly, the equivalent fixed rate of this amount is 2.78%.
(8) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for $50.0 million of this loan. Accordingly, the equivalent fixed rate of this amount is 2.79%. The interest rate on the remaining $150.0 million was 2.47% at December 31, 2017.
(9) | The interest rate was 2.60% at December 31, 2017.
(10) | The interest rate was 2.48% at December 31, 2017.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2017:
Years Ending December 31, |  | Principal Amount
2018 |  | $ | 210,708 |
2019 |  | 781 |
2020 |  | 225,857 |
2021 |  | 301,170 |
2022 |  | 646,452 |
Thereafter |  | 637,526 |
Less-unamortized debt issuance costs |  | (8,161 | )
|  | $ | 2,014,333 |

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