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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2018 |  | 2017
Secured indebtedness: (1) |  |  |
4.00% mortgage loan due 2029 | $ | 97,179 |  |  | $ | 98,981 |
| 97,179 |  |  | 98,981 |
Unsecured indebtedness: |  |  |
7.50% notes due 2018 (2) | — |  |  | 200,000 |
3.20% (3.363% effective rate) notes due 2021 (3) | 298,936 |  |  | 298,504 |
3.625% (3.752% effective rate) notes due 2023 (4) | 248,938 |  |  | 248,675 |
3.875% (4.038% effective rate) notes due 2027 (5) | 296,734 |  |  | 296,334 |
4.125% (4.271% effective rate) notes due 2028 (6) | 346,208 |  |  | — |
Variable rate term loan due 2018 (2) | — |  |  | 10,000 |
Variable rate term loan due 2020 (7) | 225,000 |  |  | 225,000 |
Variable rate term loan due 2022 (8) | 200,000 |  |  | 200,000 |
Variable rate term loan due 2022 (9) | 200,000 |  |  | 200,000 |
Revolving credit facility due 2022 (10) | 182,000 |  |  | 245,000 |
| 1,997,816 |  |  | 1,923,513 |
Less-unamortized debt issuance costs | (9,164 | ) |  | (8,161 | )
Total mortgages and notes payable, net | $ | 2,085,831 |  |  | $ | 2,014,333 |
__________
(1) | Our secured mortgage loan was collateralized by real estate assets with an undepreciated book value of $147.6 million at December 31, 2018. 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 2018.
(3) | Net of unamortized original issuance discount of $1.1 million and $1.5 million as of December 31, 2018 and 2017, respectively.
(4) | Net of unamortized original issuance discount of $1.1 million and $1.3 million as of December 31, 2018 and 2017, respectively.
(5) | Net of unamortized original issuance discount of $3.3 million and $3.7 million as of December 31, 2018 and 2017, respectively.
(6) | Net of unamortized original issuance discount of $3.8 million as of December 31, 2018.
(7) | As more fully described in Note 6, we entered into floating-to-fixed interest rate swaps that effectively fixed LIBOR for $225.0 million of this loan through January 11, 2019. Accordingly, the equivalent fixed rate of this amount was 2.78%.
(8) | As more fully described in Note 6, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for $50.0 million of this loan through January 2022. Accordingly, the equivalent fixed rate of this amount is 2.79%. The interest rate on the remaining $150.0 million was 3.45% at December 31, 2018.
(9) | The interest rate was 3.61% at December 31, 2018.
(10) | The interest rate was 3.46% at December 31, 2018.
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, 2018:
Years Ending December 31, |  | Principal Amount
2019 |  | $ | 367 |
2020 |  | 225,444 |
2021 |  | 300,757 |
2022 |  | 583,038 |
2023 |  | 251,376 |
Thereafter |  | 734,013 |
Less-unamortized debt issuance costs |  | (9,164 | )
|  | $ | 2,085,831 |

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